Business

The 72nd Meeting of GCC Undersecretaries of Ministries of Finance kicked off Wednesday with the presence of Their Excellencies the Undersecretaries – members of the committee.

Assistant Undersecretary for Economic Affairs Dr. Saud bin Abdullah Al Att…

DUBAI: The highly anticipated countdown to Dubai Shopping Festival (DSF) has officially begun, Dubai Festivals and Retail Establishment (DFRE) will be bringing together the entire emirate like never before for the greatest, out-of-this-world 30th-anni…

Saudi Arabia’s Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent.

A statement from the bank said the move comes in line wi…

European shares were flat on Wednesday, as investors stayed on the sidelines ahead of an all-important interest rate decision by the US Federal Reserve that could mark the beginning of a monetary-easing cycle in the world’s largest economy.

The pan-E…

DUBAI: Dubai Future Foundation (DFF) today published a report titled ‘The Future of Progress’, making the case for a new global measurement of national success that goes beyond the traditional concept of gross domestic product (GDP).

DFF had previous…

The 72nd Meeting of GCC Undersecretaries of Ministries of Finance kicked off Wednesday with the presence of Their Excellencies the Undersecretaries – members of the committee.

Assistant Undersecretary for Economic Affairs Dr. Saud bin Abdullah Al Att…

Oil prices held steady on Wednesday, after rising in the previous two sessions, as investors await the US Federal Reserves anticipated interest rate cut.

Brent crude futures for November dropped 3 cents to $73.67 a barrel. US crude futures for Octobe…

ABU DHABI: The latest ICAEW Economic Insight report for the Middle East, prepared by Oxford Economics, said that the GCC region is poised for a significant rebound, with growth projected to more than double to 4.4% in 2025.

The report highlighted tha…