UAE News
UAE GDP hits $484bn in 2024 with strong non-oil growth as transport, construction and finance lead surge
The UAE’s economy continues its upward trajectory, with real gross domestic product (GDP) reaching AED1.776tn ($483.5bn) in 2024.…
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Yusuf Kareem
Yusuf Kareem covers aviation, logistics, ports, transport, metro systems and infrastructure connecting Gulf economies to global markets.
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UAE News
UAE targets Islamic finance and halal industry growth as bank deposits hit $162bn and $86bn export target set
The UAE has launched a bold national strategy to strengthen its leadership in Islamic finance and the halal…
UAE News
ADNOC L&S to transport 70% of Borouge’s production in $531mn deal
Borouge and ADNOC Logistics & Services (L&S) have entered a 15-year strategic partnership, under which the Abu Dhabi…
UAE News
UAE workers want higher pay as 80% consider job switch: Report
Eighty per cent of UAE employees expressed willingness to switch jobs for better pay, a new report finds.…
UAE News
UAE residents plan holidays around sporting events, Hyatt survey finds
Forty-five per cent of UAE residents would plan an entire holiday around a sporting event, a new report…
Business & Economy
Oman mandates IBAN for domestic transfers from July 2025
Oman will implement the mandatory requirement of International Bank Account Number (IBAN) for domestic financial transactions from July…
Business & Economy
Ajman Bank reports over $36mn net profit in Q1 2025
Ajman Bank reported higher net profits at $36.6 million (AED 134.67 million) in the first quarter of 2025,…
Business & Economy
Qatar point-of-sale and e-commerce transactions hit $3.8bn in March
Qatar Central Bank (QCB) announced that the total value of transactions conducted through point-of-sale (POS) terminals and e-commerce…