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Latest economy news from the UAE, Gulf region and MENA in one place.
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Category: Economy
Saudi Arabia’s space economy has reached a valuation of $8.7 billion in 2024 and is anticipated to grow to $31.6 billion by 2035, according to a recent report. This growth is outlined in the Space Market Report 2025 published by the Communications, Space and Technology Commission (CST). The report indicates that the space market, which...
Dubai’s Road and Transport Authority (RTA) and Dubai Police have announced the formation of a dedicated Personal Mobility Monitoring Unit. This initiative aims to ensure compliance with traffic regulations, manage traffic flow on cycling lanes, and increase public awareness on the safe use of e-scooters and bicycles. The decision follows a notable increase in the...
Dubai is taking significant steps to improve its regulatory and inspection systems concerning dual-use goods. The Security Industry Regulatory Agency (SIRA), in collaboration with Germany’s Federal Office for Economic Affairs and Export Control (BAFA), conducted a four-day training and awareness workshop titled “Export and Import Controls on Dual-Use Goods.” According ti Gulf News, this workshop...
Markets in the United Arab Emirates closed higher on April 9, 2025, despite escalating tensions from the ongoing US-China trade war. This resilience was observed even as US President Donald Trump intensified the tariff battle by raising duties on Chinese goods to 104%. The FTSE ADX General Index rose by 0.853%, while the DFM General...
Dubai has experienced significant growth in its millionaire population, doubling in size over the past decade to reach 81 200 individuals with at least $1 million in investable wealth. This remarkable increase of 102% makes the emirate one of the fastest-growing wealth hubs globally, according to data from Henley & Partners and New World Wealth....
The UAE and Turkey have recently enhanced their economic ties as their bilateral non-oil trade reached $40.5 billion in 2024. This milestone occurs three years ahead of the target set by the Comprehensive Economic Partnership Agreement (CEPA), which was enacted on September 1, 2023. The two countries celebrated an 11.5 percent growth in non-oil trade,...
LinkedIn has unveiled its annual list of the top 15 companies in the UAE and Saudi Arabia that offer significant professional growth opportunities. This list serves as a resource for professionals seeking to develop their careers in a competitive job market, highlighting employers that prioritize employee empowerment and career development. Research conducted by LinkedIn indicates...
Belgium is set to rekindle its economic relationship with Kuwait through an Economic Mission scheduled for April 29–30, 2025. This marks the first visit of its kind since 2002, signaling a significant milestone in the ties between the two nations. The mission, led by the Economic and Commercial Counsellor at the Belgian Embassy in Kuwait,...
At Aim Congress 2025, the United Arab Emirates (UAE) reaffirmed its dedication to sustainable investment amid ongoing global challenges. Dr. Thani Al Zeyoudi, the Minister of State for Foreign Trade, emphasized that the UAE’s technology-driven strategy is designed to serve as an example for other nations. The UAE aims to pivot towards a model that...
In February 2025, Japan sourced 38.4% of its oil imports from the United Arab Emirates (UAE), with the total amounting to 25.8 million barrels. This data was reported by the Agency for Natural Resources and Energy, which operates under Japan’s Ministry of Economy, Trade and Industry. During the same month, Japan’s overall oil imports reached...