The International Monetary Fund (IMF) expects the UAE’s economy to expand at a much faster rate this year compared to 2018.
It says the Emirates’ GDP will grow 4.7 per cent to reach AED 1.67 trillion in 2019.
The positive forecast is mainly driven by rising oil prices and the country’s economic diversification efforts.
The Washington-based agency also predicts the tourist influx linked to Expo 2020 Dubai to play a key role in the UAE’s growth prospects.
Maktoum bin Mohammed chairs DREC Board meeting
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Dubai Real Estate Corporation (DREC), chaired a meeting of the DREC Board of Directors, during which he reviewed the 2025 performance of Wasl Group.
Meta delays release of Phoenix mixed-reality glasses to 2027, say reports
Meta is delaying the release of its Phoenix mixed-reality glasses until 2027, aiming to get the details right, Business Insider reported on Friday, citing an internal memo.
IndiGo's third day of mass flight cancellations throws Indian airports into disarray
Thousands of IndiGo passengers were stranded by flight cancellations on Thursday - a third day of chaos after the country's biggest airline did not make sufficient changes to its roster planning ahead of new government regulations.
UAE President receives Amazon founder Jeff Bezos
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Amazon's Founder and Executive Chairman, Jeff Bezos, in Abu Dhabi.
Saudi Arabia forecasts deficit of $44 billion in 2026 budget
Saudi Arabia approved the kingdom's budget for 2026 with an estimated deficit of 165 billion riyals ($44 billion), the Saudi state news agency reported on Tuesday.
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The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
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Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
