Economy

Sheikh Hamdan explores future of space sector with leading UAE-based startups

Sheikh Hamdan highlighted the space sector as a vital driver of the future and sustainable economic growth

Global gender gap closes to 68.8 percent yet full parity remains 123 years away, says WEF

Iceland led the rankings for the 16th year running, followed by Finland, Norway, the United Kingdom and New Zealand

U.S.-China trade deal is ‘done’ and tariffs on China will be set at 55 percent, says Trump

The president explained that full magnets and any necessary rare earths will be supplied, up front, by China

Top fastest-growing jobs, industries for fresh-grads in Saudi Arabia for 2025 revealed by LinkedIn 

Education emerges as the fastest-growing sector, driven by Saudi Arabia's Vision 2030 initiatives

Investopia Global Mediterranean to launch second edition in Greece in 2026

Second edition aims to drive partnerships across pivotal sectors of the new economy 

U.K.-Saudi Investment & Partnership Summit to spotlight transformative forces shaping the future of U.K.-Saudi relations

Summit will highlight new approaches to investment and public-private partnerships that overcome key barriers to growth

UAE and U.S. discuss pathways for bilateral cooperation in economy, technology and AI sectors

Discussions included promoting peace and coexistence with regional and international partners

IMF lauds Central Bank of Oman for strong governance practices

IMF's report emphasizes monetary policy transparency and effective communication with stakeholders

GCC economic growth to strengthen to 3.2 percent in 2025, 4.5 percent in 2026: World Bank

The UAE's growth is projected at 4.6 percent in 2025, and 4.9 percent in 2026 and 2027

World Bank cuts global growth forecast to 2.3 percent for 2025 on increased trade tensions

Global trade is expected to grow by 1.8 percent in 2025, down from 3.4 percent in 2024

ADGM FSRA implements amendments to digital asset regulatory framework

This implementation follows extensive industry engagement and feedback on Consultation Paper No. 11 of 2024

Saudi Arabia’s real GDP grows 3.4 percent in Q1 2025, says GASTAT

Growth was driven by a 4.9 percent expansion in non-oil activities and a 3.2 percent growth in government activities

Dubai Program for Gaming 2033 propels sector’s expansion to over 350 companies

Since the program’s launch in November 2023, more than 60 new companies have established a presence in Dubai

Eid al-Adha 2025: Key challenges businesses face during the celebrations

Businesses must address workforce management challenges during Eid to maintain operations

UAE, Egypt Presidents discuss strengthening fraternal ties, cooperation across key sectors

Leaders exchanged heartfelt wishes in advance of Eid al-Adha, praying for health and happiness 

UAE and Kuwait enhance partnerships in AI, energy, transportation through strategic MoUs

Key sectors include oil and gas, social development, and infrastructure to support mutual goals 

Saudi Arabia’s non-oil private sector surges to 55.8 in May 2025 fueled by construction boom

New order volumes rebounded significantly, propelled by heightened demand and robust sales performance

UAE and Fujairah governments launch zero bureaucracy program to revolutionize government services

Partnership aims to streamline services and improve the quality of life for citizens 

RAKEZ bolsters UAE-China trade, investment ties in multi-city mission across China

Business leaders from both countries explored cooperation in energy, logistics, technology, healthcare, green energy and more

UAE, Sweden to strengthen bilateral ties through cooperation in AI and renewable energy

Ambassador Floren praised the UAE’s open policy and its success in establishing strategic partnerships globally

Kuwait, Japan elevate bilateral relations to comprehensive strategic partnership level

Both countries agreed to enhance cooperation across multiple sectors

ADFD joins UAE delegation to Lebanon focused on strategic partnerships, development

Delegation assessed potential projects and engages in knowledge exchange for Lebanon's future growth 

Dubai Chambers explores enhancing trade, investment ties with EU amid free trade talks

The roundtable highlighted the growing economic relations between Dubai and the EU