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Category: Economy
The Abu Dhabi Arabic Language Center has introduced a new index aimed at measuring the “community connection to the Arabic language.” This initiative was launched in conjunction with the announcement from the wise leadership of the UAE, emphasizing the importance of Arabic in the cultural and social fabric of the nation. The new index is...
The UAE Ministry of Finance has announced new tax regulations designed to stimulate economic growth by attracting more investments. These changes specifically target Qualifying Investment Funds (QIFs) and Qualifying Limited Partnerships, offering favorable tax conditions to encourage investor participation. Under the new framework, investors involved in QIFs will enjoy a preferential tax regime. Income generated...
Experts in trade and industry have advised UAE manufacturers and exporters on strategies to cope with the impact of new U.S. tariffs. They emphasize the importance of swiftly adapting to the changing American trade environment to minimize the adverse effects on exports. To address these challenges, manufacturers and exporters are encouraged to study market dynamics...
OPEC+ has announced plans to increase oil production in May 2025. The eight participating countries, which include Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, will implement a production adjustment of 411 thousand barrels per day. This adjustment represents three monthly increments and aims to support the stability of the oil market....
The Fujairah Chamber of Commerce and Industry (FCCI) reported that the value of certificates of origin issued in Fujairah surpassed AED 13 billion (approximately $3.54 billion) last year. This figure represents an increase of around 18% compared to the previous year, highlighting a robust demand for trade documentation in the emirate. In 2024, the total...
The UAE’s non-oil sector showed signs of a mild slowdown in March 2025, as indicated by a decrease in the S&P Global Purchasing Managers’ Index (PMI), which dropped to 54 from 55 in February. Despite this decline, the PMI remains above the crucial 50-mark that separates growth from contraction, suggesting some resilience in the sector....
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India has significantly boosted bilateral trade, which has nearly doubled since the agreement came into effect in 2022. The UAE is now the third-largest trading partner for India, following the US and China, and is responsible for 3 percent of India’s total foreign direct investment...
The United Nations Conference on Trade and Development (UNCTAD) has reported that artificial intelligence (AI) is projected to generate a substantial market value of $4.8 trillion by 2033. This growth reflects the transformative impact of AI across various sectors, which includes advancements in technology and increased productivity. UNCTAD emphasizes that while the benefits of AI...
Dubai is set to implement new parking fees from April 4, 2025, as Parkin, the city’s official parking operator, announces significant changes to its tariff structure. The adjustment includes a price increase for premium parking spaces, which are conveniently located near public transport hubs, business districts, and popular shopping areas. Premium parking will now cost...
India’s manufacturing sector showed significant growth in March, reaching its highest expansion rate in eight months, driven by robust domestic demand. The HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 58.1 in March, up from 56.3 in February. This figure exceeded a preliminary estimate of 57.6 and remained well above...