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Economy

Eurozone in recession at the start of 2023

. The eurozone entered into a technical recession at the start of the year,
Economy
Dubai

India holds interest rates as inflation eases

. India’s central bank on Thursday kept interest rates on hold for its second-straight
Economy
Dubai

UAE and Cambodia sign Cepa to double non-oil trade

. The UAE and the Kingdom of Cambodia have signed a Comprehensive Economic Partnership
Economy
Dubai

OECD slightly raises world GDP growth forecast to 2.7%

. The OECD slightly raised its growth outlook for the world economy on Wednesday
Economy
Dubai

World Bank hikes UAE’s 2024 growth forecast by 1.1% to 3.4%

. The World Bank on Tuesday revised the UAE’s growth forecast for next year
Economy
Dubai

Photos: Sheikh Hamdan says Dubai stands on the cusp of a new phase of rapid growth

. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and
Economy
Dubai

UAE business confidence soars to 20-month high

. Business confidence in the UAE reached its strongest level in May since October
Economy
Dubai

UAE on robust growth track: Arab Monetary Fund

. Driven by higher oil prices and improved business confidence, the UAE’s economic growth
Economy
Dubai

Watch: How Dubai emerged from the desert to become one of the world’s leading metropolises

Dubai was a small fishing settlement in the 1960s, and the discovery of oil
Economy
Dubai

Debt deal welcomed by investors, though risks loom

. Global investors are gaming out how a tentative deal to raise the United
Economy
Dubai

Why a US debt deal may only provide short-term relief for markets

. Good news of a tentative deal for the US debt ceiling impasse may
Economy
Dubai

Biden, McCarthy reach tentative US debt ceiling deal

. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative
Economy
Dubai

Fitch puts US rating on negative watch as debt deadline looms

. Ratings agency Fitch put the United States’ credit on watch for a possible
Economy
Dubai

Euro slips as Germany enters recession

. The euro dropped on Thursday as Europe’s largest economy Germany was confirmed to
Economy
Dubai

Germany in recession as inflation, higher interest bite

. Germany fell into a recession around the turn of the year, official figures
Economy
Dubai

Inflation crashes the party as European Central Bank marks 25 years

. The European Central Bank celebrates its 25th anniversary on Wednesday but soaring inflation
Economy
Dubai

UAE on target for strong growth: World Bank

. Driven by robust domestic demand, particularly across tourism, real estate, construction, transportation, and
Economy
Dubai

UAE: Will 9% corporate tax apply to personal income, investments? Ministry clarifies

. The Ministry of Finance on Wednesday clarified that individuals conducting business activities in
Economy
Dubai

China’s economic recovery losing steam, testing policymakers

Economy
Dubai

US: Fed’s Bostic sees no rate cuts in 2023

Economy
Dubai

At G7, a warning about economic outlook as US debt crisis looms

. Finance leaders of the Group of Seven (G7) nations warned on Saturday of
Economy
Dubai

Dubai non-oil sector surges to 8-month high in April

. An upswing in travel, tourism, wholesale and retail sectors helped send Dubai’s non-oil
Economy
Dubai

IMF sees positive momentum in UAE’s retail, service sectors

. A persistent reform drive along with rapid acceleration of private investment underpinned by
Economy
Dubai

Corporate tax to help cut UAE’s fiscal breakeven oil price

. The new corporate income tax that will be effective from June 1, 2023
Economy
Dubai

US consumer spending flattens; core inflation still hot

. US consumer spending was unchanged in March as an increase in outlays on
Economy
Dubai

Europe’s economy ekes out slight growth at start of 2023

Economy
Dubai

US growth cools in first quarter as recession fears deepen

. US economic growth lost steam in the first quarter as gloomier business investment
Economy
Dubai

Fed tilts toward rate hike in May

. US Federal Reserve officials remain set to raise interest rates at their May
Economy
Dubai

Eurozone economy accelerates to 11-month high in April

. The eurozone economy’s growth accelerated in April and hit an 11-month high, according
Economy
Dubai

Seaplanes, Minerva and Coffee: Spain’s drive to dish out $84b on of EU cash

Economy
Dubai
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