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Global economic growth stagnates at 2.7%, says UNCTAD

UN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen between 2011 and 2019 and well below the 4.4% average in the years before the 200

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Global economic growth stagnates at 2.7%, says UNCTAD

UN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen between 2011 and 2019 and well below the 4.4% average in the years before the 200

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Saudi liquidity level hit new high; soars to $744bn in August

The available funds (liquidity) in the Saudi economy have marked a record year-over-year growth rate, increasing by 8.7% to hit over SAR2.91 trillion ($774 billion) by the end of August compared to over SAR2.67 trillion ($710 billion) last yea

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Aviation sector contributed $37bn to Dubai’s economy in 2023

Dubai’s aviation sector, comprising Emirates Group, Dubai Airports (including Dubai International and Dubai World Central - Al Maktoum airports), and other aviation sector entities are estimated to have supported AED137 billion ($37.3 bi

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Gitex, Expand North Star set to accelerate $2.7 trillion AI economy

Dubai World Trade Centre is gearing up for two of its mega events - Gitex Global, a major tech and startup event and Expand North Star, a mega startup and investment show - which will be taking centre stage in the UAE next week at this year&rs

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Gitex, Expand North Star set to accelerate $2.7 trillion AI economy

Dubai World Trade Centre is gearing up for two of its mega events - Gitex Global, a major tech and startup event and Expand North Star, a mega startup and investment show - which will be taking centre stage in the UAE next week at this year&rs

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UAE construction activities record 6.2% growth in Q1

Construction and building activities in the UAE experienced a growth rate of 6.2 percent during the first quarter of this year compared with the same period last year, according to the preliminary estimates issued by the Federal Competitivenes

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UAE GDP tops $117bn in Q1; 3.4% increase

The UAE's real GDP reached AED430 billion ($117.07 billion) in Q1 2024, recording a remarkable growth of 3.4 percent compared to the same period in 2023, according to the preliminary estimates issued by the Federal Competitiveness and Stat

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UAE GDP tops $117bn in Q1; 3.4% increase

The UAE's real GDP reached AED430 billion ($117.07 billion) in Q1 2024, recording a remarkable growth of 3.4 percent compared to the same period in 2023, according to the preliminary estimates issued by the Federal Competitiveness and Stat

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Saudi Arabia's non-oil GDP up 4.9% in second quarter

Saudi Arabia’s real gross domestic product (GDP) decreased by 0.3% in the second quarter of 2024 compared to the same quarter of 2023, while seasonally adjusted real GDP grew by 1.4% compared to the first quarter of 2024, according to esti

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