Abu Dhabi: The International Monetary Fund (IMF) forecasts Abu Dhabi’s economy to grow by 4.2% in 2025 and accelerate to 5.8% in 2026. Dubai’s economy is projected to expand by 3.3% in 2025, increasing to 3.5% in 2026. According to Emirates News Agency, Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, expressed during a media briefing organised by the Dubai International Financial Centre in cooperation with the IMF, his expectation that the UAE economy will grow by 4% in 2025. He attributed the sustained growth forecast for the UAE to the strong performance of

Seoul: The Republic of Korea’s exports have increased by 3.7 percent from a year earlier in April, marking a third consecutive month of growth, as indicated by recent data. According to Emirates News Agency, data compiled by the Ministry of Trade, Industry and Energy revealed that outbound shipments reached US$58.2 billion last month, setting a new record for April’s export figures. Meanwhile, imports experienced a 2.7 percent decline compared to the previous year, totaling $53.3 billion, and resulting in a trade surplus of $4.88 billion.

Seoul: The Republic of Korea’s exports have increased by 3.7 percent from a year earlier in April, marking a third consecutive month of growth, as indicated by recent data.

According to Emirates News Agency, data compiled by the Ministry of Trade, I…

Dubai: Dubai Financial Market (PJSC) today announced its consolidated financial results for the first quarter ending on 31 March 2025, highlighting record trading activity and sustained investor engagement. During Q1 2025, DFM achieved its highest Average Daily Trading Value (ADTV) in more than a decade at AED 663 million, marking a 67% year-on-year increase. The total traded value surged by 61% to AED 41 billion, compared to AED 25.5 billion in the same period last year. According to Emirates News Agency, DFM’s total consolidated revenue reached AED 186.5 million in Q1 2025, up from AED 148.1 million in the same

Kuwait City: The Kuwaiti crude oil price experienced a decline of US$2.60 during Wednesday’s trading, settling at US$64.82 per barrel. This marks a decrease from the previous day’s price of US$67.42 per barrel, as reported by the Kuwait Petroleum Corporation on Thursday. According to Emirates News Agency, Brent futures also saw a reduction, falling by $1.13 to reach $63.12 per barrel. Additionally, West Texas Intermediate (WTI) decreased by $2.21, now priced at $58.21 per barrel, based on information provided by the Kuwait News Agency (KUNA).

Kuwait City: The Kuwaiti crude oil price experienced a decline of US$2.60 during Wednesday’s trading, settling at US$64.82 per barrel. This marks a decrease from the previous day’s price of US$67.42 per barrel, as reported by the Kuwait Petroleum Corp…

Dubai: On World Pilots’ Day, Emirates honoured the resilience and dedication of its pilots and the community worldwide. As the airline embarks on its next era of growth and global expansion, it reaffirmed its commitment to welcoming over 1,500 new pilots within the next two years. According to Emirates News Agency, the airline is riding on the success of its Accelerated Command programme, which fast-tracks First Officers to the role of Captain, with more than 80 pilots well on their way to achieving this command upgrade. Aviators wishing to join the world-class community can look forward to a suite of

Umm Al Qaiwain: Khalfan Ahmed Mesfer, Chairman of the UAQ Chamber of Commerce, has affirmed that the chamber is implementing an ambitious strategic vision aimed at fostering a diversified and sustainable investment environment in the emirate. This aligns with the directives of the Government of Umm Al Qaiwain to achieve integrated and comprehensive economic development. According to Emirates News Agency, Mesfer said that the chamber’s vision is anchored in several key pillars, most notably enhancing the business environment and stimulating investment, regulating the interests of business owners through effective partnerships, providing innovative digital services, and promoting the emirate as a