Economy

UAE business confidence rises as domestic spending and government investment strengthen PMI.

Domestic spending and public investment supported firms, although hiring declined. Dubai: Domestic spending and government investment helped support business confidence in the UAE in June,...

New business licences in Abu Dhabi rose by 21% in the first quarter of 2026.

Professional licences surged 193%, reflecting strong growth in new businesses across Abu Dhabi’s regions. Abu Dhabi: The number of new business licences issued in Abu...

Mortgages continue to remain popular as residents carefully assess costs before opting for personal loans and credit.

Dubai: UAE consumers are still borrowing, but shifting preferences are emerging as higher interest rates, rising living costs and economic uncertainty push households to...

Brexit pushed UK companies to expand beyond Europe, with Dubai emerging as a key beneficiary.

UK firms are leveraging Dubai as a gateway to new markets as Europe becomes more difficult to navigate. Dubai has emerged as a key beneficiary...

UAE tops global rankings for economic performance, places fifth in overall competitiveness

IMD World Competitiveness Yearbook 2026 ranks UAE as regional leader for 10th consecutive year. Dubai: The UAE ranked fifth globally in the 2026 IMD World...

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