Abu Dhabi, UAE – In a reassuring signal of economic stability, the Central Bank of the UAE (CBUAE) has reaffirmed its inflation forecast for 2025 at a steady 2.0%. This projection stands in stark contrast to the prevailing global economic climate, where many nations continue to grapple with elevated levels of inflation. The CBUAE’s confidence […]
The United Arab Emirates’ ambitious economic diversification strategy is yielding significant results, as evidenced by the nation’s non-oil trade exceeding a remarkable AED 2.0 trillion in the first nine months of 2024. This impressive figure represents a substantial 14.9% year-on-year increase, underscoring the growing strength and dynamism of the UAE’s non-hydrocarbon sectors. The robust trade […]
The International Monetary Fund (IMF) has issued a positive outlook for the United Arab Emirates’ economy, projecting a strong real Gross Domestic Product (GDP) growth of 5.1% for the year 2025. This forecast, released as part of the IMF’s latest regional economic outlook, highlights the continued economic momentum within the Emirates, driven by a combination […]
The United Arab Emirates is projected to maintain its position as the fastest-growing economy within the Gulf Cooperation Council (GCC) for both 2024 and 2025, according to the latest economic forecasts from various international and regional institutions. This sustained growth leadership underscores the success of the UAE’s proactive diversification strategies, robust non-oil sector performance, and […]
Mykonos: A Jewel of the Cyclades Nestled in the heart of the Aegean Sea, Mykonos has long been celebrated as one of Greece’s most iconic destinations. Known for its breathtaking beaches, cosmopolitan atmosphere, and vibrant nightlife, the island effortlessly blends traditional Greek charm with contemporary luxury, making it a must-visit locale for travelers from around […]
The United Arab Emirates has emerged as one of the most influential investors in Africa, pouring billions of dollars into infrastructure, energy, logistics, and technology projects across the continent. Driven by economic diversification strategies, geopolitical interests, and Africa’s growing economic potential, the UAE’s investments are reshaping trade dynamics and strengthening diplomatic ties. Yet, as the […]
The banking sector across the Gulf Cooperation Council (GCC) is experiencing a period of rapid expansion, driven by economic diversification, rising oil revenues, and digital transformation. As the region navigates global economic shifts, banks in the UAE, Saudi Arabia, Qatar, and beyond are poised to capitalize on new opportunities while addressing emerging challenges. With rising […]
