Trade policy uncertainty reaches 60-year high as 97% of economists identify it as top concern, exceeding pandemic-era volatility
Economy
Latest in Economy
China
China beats analysts’ predictions with strong Q1 growth numbers
The country’s economy grew 5.3 percent in the first quarter year-on-year
China
Global trade to drop 5% this year: UN body
A $2 trillion, or 8%, slump in merchandise trade is the main reason. Services trade this year will increase by $500 billion, or about 7%, from a year ago, report finds
Abu Dhabi
UAE ultra-rich, family offices to contribute $500bn to economy by 2026
The UAE economy is set for a half a trillion USD boost from the super wealthy and family offices
Abu Dhabi
Dubai propels UAE to top global rankings in post-COVID FDI surge
Dubai’s robust economy drives UAE to global FDI success post-pandemic, outperforming other markets
Economy
Will markets pass the first test of 2023?
Unpredictability is real, and it’s here to stay. 2023 is no exception and with the recent positive surprises in economic data, the current holistic rally in financial markets could face its first serious test: is good news bad news?
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AB Money
Have investors priced in the pandemic?
Maurice Gravier, chief investment officer, Wealth Management for Emirates NBD, analyses what impact coronavirus has had on the financial markets, and what could be in store ahead
Covid PCR tests
Reduced fees for PCR tests in UAE another ‘positive step in economic recovery’
More affordable tests are likely to encourage increased domestic travel and once again provide a boost to domestic trade, according to Scott Cairns, founder and managing director of Creation Business Consultants
Economy
UAE business conditions at two-year high as virus woes ease
IHS Markit’s PMI Index for the country in July increased to the highest level since 2019
covid-19
Saudi Arabia extends Covid loan support for small businesses
Deferred Payment Program has already impacted $45bn of payments since it began in March 2020
Dubai
Optimism as January 2021 beats previous year for new business licenses in Dubai
Figures marks a 9 percent year-on-year increase, with Deira and Bur Dubai the busiest areas of activity
Dr Dhananjay Datar
UAE retail rents down by about 30%, says Dubai’s ‘King of Spice’
Dubai retail tenants are now able to negotiate lower rents, better incentives and longer contracts
economic outlook
Saudi Arabia’s economic growth set to improve further in 2019
Saudi Arabia’s rebound was mainly powered by the oil sector, which grew 2.9% while the non-oil sector expanded 1.7%
2018 Global Business and Spending Outlook
UAE, Saudi execs predict economic growth for year ahead
Majority of businesses plan to boost spending and employment, according to American Express survey
currency peg
Gulf’s interest rate reprieve may end as US spreads stop narrowing
Narrowing has cushioned Gulf economies, real estate markets
Business condition
UAE non-oil growth softens but still high
Latest Emirates NBD index drops but average reading remains highest in two years
Construction
Oman to get boost from expat property law
Sultanate plans to invest more than $10 billion in housing for expats to purchase