Despite a projected slowdown in global growth to 3.1% from 3.2%, the GCC is expected to outperform, driven by resilient non-oil sector growth and strategic investments
economic outlook
Latest in economic outlook
bilateral cooperation
2025: A year of transformative growth for the GCC
This year the region isn’t just growing, it’s redefining its place on the world stage
economic outlook
UAE economy set for 4.1% growth in 2025, wider GCC shows mixed outlook
Inflation in the Emirates has shown a downward trend, reaching 2.4 percent year-on-year in October, its lowest level since August 2023
Artificial intelligence
Global CEOs see economic boom in 2025, China push as Trump retakes presidency: Report
The optimistic outlook persists despite geopolitical challenges, with over 75% of CEOs and 83% of investors expecting recent global elections to improve economic conditions and stability
consumer spending
Mastercard Economics Institute predicts 5% GDP growth for the UAE
Consumer spending to rise by 4.3%; Consumer price inflation to reach 2.3%; Migration leading to rise in remittances; Women in the workforce growing
economic outlook
UAE, Saudi Arabia forecasted for strong credit growth in 2025: Report
The increase will be supported by continued expansion in the non-oil sector
economic outlook
JPMorgan Private Bank sees US rates to plunge to 3.5% by 2026 in growth push
The bank identified capital investment as a key megatrend for 2025, driven by artificial intelligence, power infrastructure, and security needs
Abu Dhabi
UAE plays critical role in Egypt economic turnaround with $35bn investment: Report
ADQ’s $35 billion investment in Ras El Hekma development singled out as the turning point in the fiscal fortunes of the country
economic outlook
US economy posts strong GDP growth in April-June quarter at 3%
Consumer spending, the primary driver of the economy, grew last quarter at a 2.8% pace, down slightly from the 2.9% rate that the government had previously estimated
economic outlook
UAE assets: What are the world’s richest people investing in?
What unexpected investments are the world’s wealthiest pursuing amidst 2024’s economic uncertainties? Here is what UAE finance and wealth experts told Arabian Business
economic outlook
US Fed’s bold 50bps cut a signal to get ahead of the curve, cushion the economy against potential shocks: Experts
A section of market participants, however, sees the aggressive easing as a sign of panic, potentially fuelling volatility and uncertainty in financial markets
consumer confidence
US consumer confidence inches up in August in yet another data favouring an immediate rate cut
The Conference Board’s consumer confidence index increased to 103.3 this month, the highest level since February, from an upwardly revised 101.9 in July
economic outlook
Saudi investments up to 31.3% of GDP, unemployment down to 7.6%
Economic and Investment Monitor shows non-oil and government activities rose by 4.4% and 3.6% respectively in the second quarter
crude oil price
Oil prices to spike, gold faces high volatility amid potential US Fed interest rate cut
The rebound in oil prices could be short-lived as concerns over demand and a potential supply surplus loomed large
economic outlook
Russia faces ‘big problems’ as sanctions bite, economy confronts recession risk amid ‘unprecedented’ brain drain, capital flight
Russia’s economic performance presents a paradox – growth amid isolation, resilience in the face of sanctions
economic outlook
Global economic growth to slow to 3% by 2025 amid geopolitical tensions, report finds
Protectionism, sanctions, and trade wars are set to intensify in coming years, the report warns
economic outlook
IMF upgrades UK growth forecast as economy exits recession faster than expected
The latest projections from the IMF come at a time when the UK is going to the polls this July