"It is contributing to raising living standards, improving employment opportunities and enabling the expansion of trade in goods and services"...
Abu Dhabi, UAE--China is willing to work with all parties to achieve more pragmatic results at the 13th Ministerial Conference...
People in the Middle Eastern countries are increasingly relying on apps to manage their money, streamline expenses and other banking...TRENDS presents a list of apps that can be used to manage personal finances in UAE and elsewhere in the region, as well as those that can be used anywhere
Middle East has one of the highest percentages of smartphone penetration in the world
In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his...In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswing
In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswing
Saudi Arabia’s non-oil exports rose 37 percent to a record SR125.3 billion in the first half of 2021, SPA reported....They increase by 8 percent in quantity, equivalent to 34.7 million tons, suggesting a rebound in prices as volumes returned to normal
Saudi Arabia exported to 170 countries in the first half, led by SR17.0 billion of goods to the UAE
Egypt's current account deficit widened in the first quarter of the current financial year because of a surge in imports...A strong currency helped boost imports to $19.59 billion in the quarter from $13.83 billion a year earlier
Two years earlier, before the pandemic, Egypt reported tourism revenue of $3.18 billion for the April-June period
Moody’s expects Oman’s current account deficit to decline below 4 percent of the GDP in 2021-23 from more than 13...Moody’s said the change ‘reflects the significant easing of pressures on government liquidity and external financing’
This is said to have come as a result of the ongoing implementation of the Medium-Term Fiscal Plan and a relative rise in oil prices
The Turkish lira sank to a record low against the US dollar on Thursday after President Recep Tayyip Erdogan fired...One of the dismissed bankers was reportedly the only one to vote against a surprise interest rate cut last month.
A dollar was worth 3.75 lira at the start of 2018. Erdogan has fired three central bank governors since 2019.
The rate of inflation in Saudi Arabia spiked in September after being at the lowest level in August, according to...It was 0.6 percent in September, up from 0.3 percent in August, the General Authority of Statistics said today
The spike was fueled by a faster growth in prices for food and beverages
Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs,...Sukuks amounting to $57.3 billion were issued in the GCC region, Malaysia, Indonesia, Turkey and Pakistan in the third quarter of 2021.
Global outstanding sukuk reached $775.4 billion in the third quarter, 2.8 percent higher than the previous quarter.
Africa offers significant potential for investment and economic partnerships that can create mutual benefits for UAE businesses and their African...Africa offers significant potential for investment and economic partnerships, Sultan Bin Sulayem said at Global Business Forum Africa.
Dubai keen to transfer its experience to help develop business in Africa, Bin Sulayem said.
According to preliminary data released by the Ministry of Economy, the value of non-oil exports alone amounted to AED170 billion...Gold, aluminum, plastics, copper iron and steel are the most important non-oil exports of the country
The UAE’s top five export destinations include India, Saudi Arabia, Hong Kong, Kuwait and China
