Economy FeaturedUAE’s revised economic outlook to contract by 6.6% in 2020: IMFPritam BordoloiOctober 14, 2020October 14, 2020 by Pritam BordoloiOctober 14, 2020October 14, 2020 economy will recover by 1.3 percent next year... Read more
Economy FeaturedUAE GDP to contract by 5.2% in 2020: Central bankPritam BordoloiSeptember 24, 2020 by Pritam BordoloiSeptember 24, 2020 Previously, the central bank had predicted GDP to contract by 3.6%... Read more
Economy FeaturedDubai’s GDP declines 3.5% in first quarter year-on-yearPritam BordoloiJuly 1, 2020 by Pritam BordoloiJuly 1, 2020 Real estate activity registered a growth of 3.7% in Q1 2020... Read more
Banking FeaturedEmirates NBD reduces transaction fees in line with the UAE’s coronavirus initiativesInternational FinanceMarch 5, 2020March 18, 2020 by International FinanceMarch 5, 2020March 18, 2020 These measures are being implemented to mitigate economic impact caused by the coronavirus epidemic... Read more
Economy FeaturedUAE economy to grow 2.5% in 2020: IMFInternational FinanceJanuary 24, 2020March 18, 2020 by International FinanceJanuary 24, 2020March 18, 2020 The UAE economy’s projected growth will be driven by the energy sector, World Expo 2020 and bold reforms... Read more
EconomyUAE to see higher growth due to greater spendingPritam BordoloiDecember 5, 2019 by Pritam BordoloiDecember 5, 2019 The UAE’s economy is projected to grow by 2.3% in 2019, according to its central bank... Read more
TradingGold dominates UAE’s non-oil trade; total non-oil volume hits Dh1.6 tnInternational Finance DeskMay 29, 2019November 14, 2019 by International Finance DeskMay 29, 2019November 14, 2019 UAE’s trade with Arab countries made 21 percent of total non-oil trade... Read more
EconomyJafza plans to return $354 mn to stimulate UAE economyInternational Finance DeskMay 21, 2019 by International Finance DeskMay 21, 2019 The money will be returned in cash and bank guarantees to companies operating in its jurisdiction, according to reports... Read more