Thursday, June 5, 2025

economy

7 UAE banks make it to Forbes’ ‘most valuable’ list for Middle East

Saudi Arabia makes up a third of the list with 10 entries, with an aggregate market value of $279.5 billion. Qatar placed third with six entries worth $73.6 billion. As of February 23, 2024, the 30 banks had a combined...

GCC government spending to remain key driver of economy

GCC government spending is expected to continue playing an important role in the near-to-medium term as countries look to achieve their ambitious development, diversification and net-zero targets, a report said. Infrastructure investment: A thematic overview by Emirates NBD Research says...

Singapore downgraded 2020 GDP outlook again as virus attacks economy

Singapore has dropped its GDP forecast to a contraction range of -7 per cent to -4 per cent. Singapore cuts its 2020 gross domestic product forecast again for the third time on Tuesday. The trade ministry said, as the bellwether...

Latest News

Eid Al Adha in Dubai: Salik to apply variable toll rates during holiday

Salik PJSC, Dubai’s toll operator, will implement variable road toll pricing on all four days of the Eid El...

Dubai to reserve 4 public beaches for families during Eid Al Adha holidays

Four Dubai public beaches will be designated exclusively for families during the Eid Al Adha holiday. The beaches include Jumeirah 2, Jumeirah 3, Umm...

Dubai RTA’s online booking system eases vehicle testing

For Syed Azeez, yearly vehicle testing was one of those chores he kept putting off, until it became urgent. His car’s registration had already...

UAE announces outdoor work ban starting June 15

The UAE will enforce a ban on outdoor work under direct sunlight from 12.30pm to 3pm daily for three months, starting June 15. This...

UAE-Pakistan travel: PIA relaunches direct flights from Dubai to Skardu

Pakistan International Airlines (PIA) announced on May 30 the re-launch of its direct service between Dubai International (DXB) airport and Pakistan’s Skardu (KDU) city. The...