UAE and Peru record annual trade of approximately $2.5bn
Politics & Economics
foreign direct investment
Oman’s economy set to grow 3.4% in 2025
Oman’s economy shows robust growth amid strong foreign investment inflows and improved credit ratings
Qatar
Saudi Arabia, Qatar clear Syria’s $15mn World Bank debt: Report
This financial intervention will allow the World Bank to resume operations in Syria after a 14-year suspension of activities
Donald Trump
IMF cuts global growth forecast as Trump tariffs create ‘major negative shock’
Global economic growth slashed to 2.8% as Trump’s tariffs create “major negative shock,” with US recession risk rising to 40% and forecasts for both US and China hit hardest
Donald Trump
Donald Trump to visit Saudi Arabia, UAE and Qatar from May 13
US President Donald Trump will visit Saudi Arabia, UAE and Qatar next month
Badr Jafar
UAE appoints Badr Jafar as Special Envoy for Business and Philanthropy
Jafar, a prominent Emirati businessman and social entrepreneur, will drive public-private collaboration to support the UAE’s global diplomatic and philanthropic efforts
fintech
UAE fintech market to reach $6.43bn by 2030
UAE fintech sector to hit $3.56bn this year and set for significant growth over five years
China
China warns against side deals with US, vows retaliation if interests are compromised
President Trump this month paused major tariff increases on other countries for 90 days, while hiking duties further on goods from China to 145%
Dubai SME
Dubai SME helped launch 3,461 new Emirati businesses last year
Dubai SME supports entrepreneurs in launching and developing businesses
Sheikh Mohammed
UAE foreign trade hits $1.42tn in 2024 as goods and services boom
UAE foreign trade has seen massive 49 per cent increase since 2021
Artificial intelligence
New UAE tax rule; Dubai announces stormwater infrastructure; UAE approves AI law plan; Mall of the Emirates set for $1.3bn upgrade – 10 things you missed this week
UAE tax rules, Dubai storm infrastructure, AI to create laws, real estate buying tips and more top news stories this week
anti money laundering
UAE cracks down on money-laundering and terrorism financing with Dubai Land Department deal
UAE signs MOUs with national authorities to crack down on money-laundering and terrorism financing
Abu Dhabi Department of Culture and Tourism
Abu Dhabi eyes $24.5bn tourism GDP boost by 2030
Department of Culture and Tourism – Abu Dhabi expects 13 per cent sector uplift this year
climate action
New study reveals fear for future generations due to climate change
Among 32 nations, an Ipsos study finds citizens of the Philippines (82%) and Indonesia (81%) most fearful about failing future generations
saudi tax
Saudi Arabia offers tax exemptions and visa support to attract investors to Special Economic Zones
Saudi Arabia is wooing foreign investors with the offer of tax exemptions and visa support at Special Economic Zones
bilateral economic relations
India, Middle East can step in to reshape global trade amid Trump tariff war, expert says
The UAE’s position as a global financial hub can complement India’s growing capital markets, enabling more Indian firms to list in the UAE and vice versa
Donald Trump
Analysis: Will Gulf economies feel the heat from Trump’s tariffs?
Regional analysts predict limited direct effects but warn of broader economic fallout if global slowdown hits oil demand