Driven by decarbonisation, the UK’s expertise in sustainable infrastructure is empowering Middle East partners to achieve net-zero targets
UK economy
Latest in UK economy
British government
UK set to create mega pension funds, boosting investment by £80bn
The move aims to pool assets of 86 local government pension schemes in England and Wales
Bank of England
Bank of England cuts interest rates to 4.75%
It marks the apex bank’s second reduction of 2024, after it began its easing cycle in August
economic outlook
IMF upgrades UK growth forecast as economy exits recession faster than expected
The latest projections from the IMF come at a time when the UK is going to the polls this July
GCC
UK-GCC trade is an invaluable force for good
With at least £19 billion already invested in each other’s economies and total trade topping £61.5 billion, we are building on a very strong foundation
Bahrain
Revealed: Gulf tourists spend 200% more than other visitors to UK
Gulf nationals contribute almost $1.2 billion to UK economy so far in 2023, largely driven by tourist and visitor spending
Bilateral Agreement
British rice millers fear for future as UK-India trade talks near conclusion
UK rice industry employs more than 3,000 people and imports vast quantities of brown rice from India
business leadership
Leadership
In a rare interview, former UK Prime Minister David Cameron breaks down why it’s the team behind a leader that leads to success
Immigration Health Surcharge
Rishi Sunak announces surge in UK visa fees
UK PM Rishi Sunak said there will be an across the board hike in visa application fees and also for the IHS
BP
UAE investors can’t get enough of these 5 UK stocks
UAE investors eye oil and gas stocks in the UK
G7 countries
UK economy worse than sanction-hit Russia as IMF forecasts it will be only G7 nation to shrink this year
UK will enter a recession this year and be the slowest growing economy in 2024 says IMF report
Bank of England
Bank of England warns UK to enter longest ever recession
The raised interest rates by the Bank of England is the biggest hike since 1989
Boris Johnson
Rishi Sunak set to become UK’s next prime minister
Sunak could find himself as the country’s next prime minister after Liz Truss resigned and Boris Johnson has dropped out of the race
Liz Truss
Moody’s blues: UK credit score outlook revised to negative
The outlook for the UK credit score was revised to negative by Moody’s Investors Service
Britain economy
In pictures: UK prime minister Liz Truss has resigned after just 44 days in office
Truss came to power after Boris Johnson was removed from office after only two years as Prime Minister
Britain economy
Liz Truss served fewer days than it took to elect her as Prime Minister
The leadership election that ushered her into office took two months, while Truss only served for 44 days
Britain economy
UK inflation to soar over 15 percent without energy support as Truss quits
An exact prediction now is almost impossible for many economists, as former UK Prime Minister Liz Truss has resigned