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UAE ECONOMY SLOWDOWN
The City of Gold starts coming back to life after its darkest hourDubai's economic landscape is tested after regional conflict. Aviation, hotels, and real estate see impacts. Luxury retail also faces press...- Wars, Oil and Wealth: The world adapts faster than we think, lessons for equity investorsIndia today is a more than four-trillion-dollar economy with stronger external reserves, wider energy relationships, greater diplomatic rea...
- Will brent crude oil price hit $150 as WTI crude surges? Is US-Iran tension or UAE’s OPEC exit driving the global oil price spike? Oil futures and gas prices surge explainedBrent crude oil price surges: The brent crude oil price is not just rising. It is accelerating with a kind of urgency markets rarely show u...
- UAE hotels find peace in war, go for renovations and upgradesPremium hotels in Dubai are undertaking renovations. This is happening due to a slowdown in tourist numbers. Some hotels will close for up ...
- Iran's Gulf attacks put India’s money flowing engine into one of the toughest testsIndia's essential remittance inflows are confronting an extraordinary obstacle. The intensifying turmoil in West Asia is fueling anxiety am...
- Iran war: Indian seafood exporters stare at Rs 1,500 crore lossSustained disruption could destabilise the coastal economy and weaken India’s export competitiveness, say experts and stakeholders
- UAE slows down from Gulf war stress; raises remittance concerns for India amid layoffs, pay cutsThe United Arab Emirates economy faces early stress as the Gulf war continues. Sectors like hospitality, travel, and food & beverage are se...
- Madhavan makes urgent appeal for Dubai taxi drivers, urges UAE residents and tourists to help out amid Iran-US warActor R. Madhavan has urged UAE residents to support taxi drivers struggling with low earnings amid the ongoing Middle East conflict. Shari...
- Gulf investors hold their breath amid shifting sandsDubai and Abu Dhabi markets are closed due to Iranian strikes. Airports are resuming partial operations. Investors are assessing supply cha...
- UAE's 'remarkable economic achievement': Sheikh Mohammed highlights growth in non-oil tradeThe UAE's non-oil foreign trade has reached a record high of 1.239 trillion dirhams in the first half of 2023, according to Sheikh Mohammed...
- UAE's GDP grew 7.6% in 2022: UAE econ ministerWhile higher energy prices supported economic growth across the Gulf region's oil exporters last year, a slowdown is forecast this year wit...
- India's exports to US, China, UAE shrink in Sept; job-creating sectors like engineering, garments worst hitIndia aims to clock $470 billion of merchandise exports in 2022-23. Preliminary data released on October 3 showed $229.05 billion exports i...
- CEPA impact: India’s non-petroleum exports to UAE up 14% in June-AugustThe outbound shipments of cereals; sugars and sugar confectionery; Inorganic chemicals; and nuclear reactors, boilers, machinery and mechan...
- UAE government announces fuel prices for SeptemberThe country’s fuel price committee has recently been following the trend of reviewing the rates on the last day of every month. Reports sho...
- Gulf economies to grow faster in 2022, oil price fall biggest threatThe economies in the six-member Gulf Cooperation Council will grow at their fastest paces in several years, according to a Reuters poll of ...
- Israel-UAE flights 'delayed to January'Direct flights between Israel and the UAE, slated to begin in October after a landmark normalisation deal, are to be postponed until Januar...
- Abu Dhabi aims to attract skilled expats by making life cheaperThis year’s two crises have forced many foreigners to reconsider their lives in the UAE.
- Low oil prices favoured Indian economy, says FM Arun JaitleyLow oil prices have created a favourable environment for the Indian economy as it helped to absorb the loss faced by oil companies, he said.
- Indians move to Gulf countries again on signs of economic recoveryMost of the Gulf economies are in recovery mode and the number of Indians going to work in the region is showing an upward trend again.
- US slump may hit diamond tradeJewellery exporters see decline in export ahead of the Christmas season.
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