Economy & Trade

UAE and Cambodia Forge New Economic Partnership

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The UAE and Cambodia have cemented their economic ties with the finalization of the Comprehensive Economic Partnership Agreement (CEPA).

Qatar and Kazakhstan Sign US$25 Billion in Deals, Strengthen Relations

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From February 13-14, 2024, President Kassym-Jomart Tokayev of Kazakhstan embarked on a state visit to Qatar, engaging in pivotal trade and investment discussions with Emir Sheikh Tamim bin Hamad Al Thani.

Indian Firms Explore Opportunities in Saudi Arabia’s Pharmaceutical Market

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Indian pharmaceutical companies are actively exploring opportunities in the US$8.9 billion Saudi Arabia pharmaceutical market.

IMF Revises Expectations for Saudi Arabia’s GDP Rebound

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The IMF revised its 2024 forecast for Saudi Arabia’s GDP to 2.7 percent as the kingdom intends to keep oil production on the lower side.

Saudi Arabia and Jordan Ink Memorandum of Cooperation to Support SMEs

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Central to the agreement are initiatives geared towards enhancing skills, strengthening trade relations, and promoting innovation within the SME sector.

UAE, India Sign Pacts on Investment Treaty, Linking Digital Payments, IMEEC

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India and the UAE signed a bilateral investment agreement and inked a framework deal on the India-Middle East Economic Corridor, besides various MoUs, during Prime Minister Narendra Modi’s two-day visit to the UAE.

UK Rolls Out Two-Year Multiple Entry Visa Scheme to Gulf, Jordanian Citizens

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The UK has expanded a two-year multiple-entry visa scheme to citizens of Bahrain, Kuwait, Oman, the United Arab Emirates (UAE), Saudi Arabia, and Jordan.

UAE Economic Outlook 2024: Resilience, Growth, and Strategic Initiatives

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UAE’s central bank predicts a 5.7% GDP growth for the country in 2024, supported by the performance of key non-oil sectors like real estate, tourism, and transportation.

Red Sea Shipping Disruptions: Challenges and Opportunities for Arab Logistics

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The Red Sea shipping disruptions caused by Yemen’s Houthi militants pose challenges but also unveil opportunities for the logistics sector in the Middle East.

Malaysia and UAE Ramp Up Collaboration on Data Center Development

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The UAE and Malaysia have signed an MoU to advance investment cooperation on digital infrastructure, including data center and AI assets.

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