Friday, May 9, 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...

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Abu Dhabi schools enforce ban on phones, smartwatches

Abu Dhabi: Most public and private schools have begun strictly enforcing the ban on bringing mobile phones and smartwatches...

UAE airlines suspend flights to Pakistan after India’s ‘Operation Sindoor’

Flights between Pakistan and the UAE via Emirates remain suspended until Saturday, May 10, “due to ongoing uncertainty surrounding access to Pakistan’s airspace and...

UAE: Delivery riders not allowed on fast lanes as Ajman announces traffic rule

Delivery riders must adhere to the right lanes of the road in Ajman, authorities announced on Thursday. They are not permitted to use the...

Dubai travel: Emirates to launch daily non-stop flights to Hangzhou

Emirates is set to launch a daily non-stop service between Dubai and Hangzhou from July 30. The airline’s latest expansion into Hangzhou makes the...

Dubai: Private parking fees double in some areas; motorists urge action amid soaring rates

Hameed Hashim, a rice trader living in Al Warqa and operating his wholesale business in Al Ras, said he is now spending more on...