World economy near its breaking point, IMF cautions

Fund holds 2026 growth at 3.1% as energy shocks, debt and an AI bet test global buffers

UAE approves Dh292.5b federal budget for 2027-2029

Sheikh Mohammed says three-year spending rises 28.3% compared with previous period

A breakdown of the 2027 budget shows that social development and pensions account for the largest share of spending at Dh34.6 billion, or 38.4 per cent.

Abu Dhabi targets Dh235b in investments by 2045

Four clusters aim to create jobs for highly skilled talent in the innovation economy

Abu Dhabi targets Dh235 billion in investments, 130,000 jobs by 2045

France, Germany lock horns over long-term EU budget

Macron defends ambitious EU budget against German-led austerity push

Europe is deeply divided. Germany leads a pack with Austria, Denmark, Finland, the Netherlands and Sweden, which want cuts of several hundred billion euros.

Saudi Arabia, UAE support Asian oil security initiative

Saudi Arabia and the UAE back a Japan-led initiative to strengthen Asia's oil reserves

Saudi Arabia and the UAE back a Japan-led initiative to strengthen Asia's oil reserves and supply security

UAE GDP hits Dh961.9bn in H1 2026

Non-oil activities drive economic diversification, contributing 79.2% to UAE GDP

Non-oil GDP grew by 1.8 percent, increasing the contribution of non-oil activities to 79.2 percent of the national economy.

Abu Dhabi explores tunnels with Musk’s Boring Company

ADPIC and The Boring Company will assess underground transport and utility solutions

Abu Dhabi officials and The Boring Company representatives sign an agreement to explore advanced underground infrastructure solutions in the emirate.

Dubai’s Dh1t gold trade gets a new global strategy

Dubai plans to expand its role in gold trading, financing, storage and price discovery

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Higher Committee for the Development of the Economic and Financial Sector, chaired a meeting of the Higher Committee for the Development of the Economic and Financial Sector to review the latest performance indicators of Dubai.

UAE, Thailand seal trade deal as commerce surges

Bilateral non-oil trade reached $10.2 billion in the first half of 2026

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade with Anutin Charnvirakul, Prime Minister of the Kingdom of Thailand; and Suphajee Suthumpun, Deputy Prime Minister and Minister of Commerce of Thailand in the presence of Obaid Saeed Al Dhaheri, UAE Ambassador to the Kingdom of Thailand.

Why the UAE could bounce back sharply in 2027

World Bank sees UAE growth accelerating as Gulf economies recover from conflict shock

The GCC rebound is expected to be driven largely by the recovery of hydrocarbon production and exports, says the World Bank.

Abu Dhabi Chamber-FICCI sign business cooperation deal

Agreement sets up joint working groups on clean energy, digital economy, and SME financing

An agreement was signed during the India–UAE Business Forum in Mumbai, organized by Abu Dhabi Chamber in collaboration with FICCI as host partner.

Pakistan gets IMF nod for $1.2b on staff-level deal

Staff-level deal awaits Executive Board nod as IMF asks Islamabad to end fuel subsidies

Pakistan gets IMF nod for $1.2b on staff-level deal

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