Economic Indicators

The Luxe Developers, a UAE-based real estate development company, has laid the foundation stone for Oceano Residences, a luxury waterfront twin towers project located on Al Marjan Island in the Emirate of Ras Al Khaimah. The AED 1.5 billion Oceano project consists of 206 residential units and is spread over …

The “Industry Platform” – the unified platform in the UAE to support national industries and products – signed an agreement to establish the first factory of its kind to manufacture cars from composite and recyclable plastic materials, and it will be based in the capital, Abu Dhabi, in a partnership …

On Sunday, the European Union proposed “strengthening the partnership” with Tunisia through a program that includes long-term financial aid of 900 million euros and an additional aid of 150 million to be pumped “immediately” into the budget. European Commission President Ursula von der Leyen said, “She proposed to President Kais …

Dubai, June 11 / Since its launch in 2014, the World Green Economy Summit has accompanied the pioneering and pioneering role of the UAE in the world in supporting the green economy system, mobilizing global efforts to enhance climate action and meet the challenges of sustainability. The summit is considered …

The volume of merchandise trade between the United States of America and the United Arab Emirates increased to $10.3 billion (37.8 billion dirhams) during the first four months of this year 2023, according to the latest data issued by the US Department of Commerce, up from $8.27 billion (30.35 billion …

Saud Al Mazrouei: The region is an ideal environment for establishing vital projects Bilal Merchant: Provides direct access to regional and international markets Sharjah: The Hamriyah Free Zone Authority in Sharjah has strengthened its leadership and investment attractiveness in the oil and energy sector, according to the agreement it concluded …

Latifa bint Mohammed: A new achievement that reflects Dubai’s leadership and growing global competitiveness in the creative economy 76% of new investment projects in the cultural and creative industries in Dubai during 2022 Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Culture and Arts Authority …

Amman 21 Dhu al-Qi`dah 1444 AH corresponding to June 10, 2023 AD Jordan and Egypt signed today a cooperation agreement to exploit the gas infrastructure in the two countries, according to which the Egyptian side will use the floating storage and gasification unit in Aqaba during the remaining period of …

Pakistan’s finance minister said, on Saturday, that the expectation of economic growth of 3.5 percent in the government’s budget for the fiscal year ending in June 2024 is a “realistic goal.” Minister Muhammad Ishaq Dar said at a press conference in Islamabad, a day after the budget for the 2023-2024 …

The Banking and Monetary Statistics Bulletin issued by the UAE Central Bank revealed that residents in the country borrowed about 6.91 billion dirhams during the first quarter of 2023 for the purpose of consumption, according to bank credit data for UAE residents by economic activity. Personal loans for consumer purposes …