Dubai World Trade Centre (DWTC) is strengthening its position as a key driver of Dubai's events economy, moving beyond its traditional role as an exhibition and conference venue towards an integrated economic platform aimed at increasing the sector's annual economic output to AED54 billion by...
The Government of Dubai has announced the emirate’s Gross Domestic Product (GDP) results for H1 2026, with real GDP reaching approximately AED473 billion, according to data released by the Dubai Data and Statistics Establishment at Digital Dubai. The results reflect continued growth across a ...
Saudi Ministry of Municipalities and Housing (MOMAH) put a draft of the rules governing investment in municipal land up for public consultation via the Istitlaa platform, with a deadline of Nov. 10, 2026. The rules aim to establish mechanisms for investing in municipal land in exchange for...
Mohammed Al-Jadaan, Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), said that the global economy is demonstrating remarkable resilience and continues to grow despite challenge. Most GCC countries have implemented structural reforms that helped them...
Governor of the Saudi Central Bank (SAMA), Ayman Al-Sayari, said future opportunities may arise to explore potential areas of cooperation and exchange expertise with China on developments in regional payment systems. Al-Sayari made the remarks during a joint meeting between the governors of...
Foreign exchange is the largest financial market in the world, with global daily turnover reaching USD 9.6 trillion in April 2025, according to the Bank for International Settlements Triennial Survey, a jump of 28% from 2022. For UAE residents and businesses, some exposure to this market is often...
Dubai - The BRICS+ Fashion Summit, an international fashion business forum of fast-growing economies, has concluded in Moscow. The Summit brought together representatives from over 60 countries, with manufacturers, retailers, investors and heads of fashion associations from Asia, Africa, Latin...
Financial Times’ fDi Intelligence ranks Kyrgyzstan’s new financial jurisdiction second worldwide among newly established free zones Issyk-Kul, Kyrgyzstan – Tamchy Special Financial Investment Territory (SFIT) has ranked first in Asia-Pacific and second globally in the Rising Star...
Written BY: M. Abdullah A business can have customers, growing revenue and even report a profit while still running into serious financial trouble. That sounds contradictory, but profitability is only one part of financial health. Businesses need enough available cash to pay...
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said structural and fiscal reforms implemented by Saudi Arabia and the GCC countries in the recent years have helped build economic and fiscal buffers that are clearly paying off amid current shocks. Speaking on the...