Economy Archives | Gulf Business https://gulfbusiness.com/section/industry/economy/ Thu, 20 Apr 2023 05:36:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.3 https://gulfbusiness.com/wp-content/uploads/2020/07/cropped-gb-new-fevicon-2020-1-32x32.png Economy Archives | Gulf Business https://gulfbusiness.com/section/industry/economy/ 32 32 UAE, South Africa seek to boost trade ties in energy, tourism https://gulfbusiness.com/uae-seeks-to-boost-investment-with-south-africa/ https://gulfbusiness.com/uae-seeks-to-boost-investment-with-south-africa/#respond Thu, 20 Apr 2023 03:30:14 +0000 https://gulfbusiness.com/?p=251654 The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent

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]]> https://gulfbusiness.com/uae-seeks-to-boost-investment-with-south-africa/feed/ 0 Gold set for second weekly gain on weak dollar https://gulfbusiness.com/gold-set-for-second-weekly-gain-on-weak-dollar/ https://gulfbusiness.com/gold-set-for-second-weekly-gain-on-weak-dollar/#respond Fri, 14 Apr 2023 08:49:56 +0000 https://gulfbusiness.com/?p=251182 Spot gold was up 0.1 per cent at $2,042.01 per ounce, as of 5.34am GMT

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]]> https://gulfbusiness.com/gold-set-for-second-weekly-gain-on-weak-dollar/feed/ 0 Saudi Arabia opens four new economic zones to boost investment https://gulfbusiness.com/saudi-arabia-launches-four-special-economic-zones/ https://gulfbusiness.com/saudi-arabia-launches-four-special-economic-zones/#respond Fri, 14 Apr 2023 08:08:09 +0000 https://gulfbusiness.com/?p=251160 The economic zones are expected to accelerate growth, increase export competitiveness, attract talent and improve the country’s global links

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]]> https://gulfbusiness.com/saudi-arabia-launches-four-special-economic-zones/feed/ 0 Global growth to fall from last year: IMF https://gulfbusiness.com/global-output-growth-less-than-predicted-says-imf/ https://gulfbusiness.com/global-output-growth-less-than-predicted-says-imf/#respond Tue, 11 Apr 2023 14:16:44 +0000 https://gulfbusiness.com/?p=250554 The latest IMF World Economic Outlook update found that recession concerns have gained prominence, while worries about stubbornly high inflation persist

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]]> https://gulfbusiness.com/global-output-growth-less-than-predicted-says-imf/feed/ 0 Dubai Customs, Global Innovation Institute partner to enhance services https://gulfbusiness.com/dubai-customs-gini-partner-to-enhance-services/ https://gulfbusiness.com/dubai-customs-gini-partner-to-enhance-services/#respond Mon, 10 Apr 2023 05:56:09 +0000 https://gulfbusiness.com/?p=250279 The authority applies the latest and most important global standards in innovation and creativity strategy

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]]> https://gulfbusiness.com/dubai-customs-gini-partner-to-enhance-services/feed/ 0 Sheikh Hamdan launches Dubai Future Fellowship https://gulfbusiness.com/sheikh-hamdan-launches-dubai-future-fellowship/ https://gulfbusiness.com/sheikh-hamdan-launches-dubai-future-fellowship/#respond Mon, 10 Apr 2023 03:37:52 +0000 https://gulfbusiness.com/?p=250265 The programme's goals will be supported by an international network of fellows known for their achievements in government, technology and future sectors

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]]> https://gulfbusiness.com/sheikh-hamdan-launches-dubai-future-fellowship/feed/ 0 UAE to offer corporate tax relief to small businesses https://gulfbusiness.com/uae-unveils-corporate-tax-rules-for-smes/ https://gulfbusiness.com/uae-unveils-corporate-tax-rules-for-smes/#respond Thu, 06 Apr 2023 21:55:31 +0000 https://gulfbusiness.com/?p=250109 The tax relief seeks to support startups and other small businesses by reducing their corporate tax burden and compliance costs

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]]> https://gulfbusiness.com/uae-unveils-corporate-tax-rules-for-smes/feed/ 0 Fitch Ratings raises Saudi Arabia’s outlook on strong fiscal buffers https://gulfbusiness.com/saudi-arabias-rating-upgraded-to-a-by-fitch/ https://gulfbusiness.com/saudi-arabias-rating-upgraded-to-a-by-fitch/#respond Thu, 06 Apr 2023 02:42:49 +0000 https://gulfbusiness.com/?p=249962 The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments

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]]> https://gulfbusiness.com/saudi-arabias-rating-upgraded-to-a-by-fitch/feed/ 0 UAE Unemployment Insurance Scheme: Subscribers cross one million https://gulfbusiness.com/uae-unemployment-insurance-scheme-1m-sign-up/ https://gulfbusiness.com/uae-unemployment-insurance-scheme-1m-sign-up/#respond Wed, 05 Apr 2023 14:58:57 +0000 https://gulfbusiness.com/?p=249979 The Unemployment Insurance Scheme covers employees in the federal government and the private sectors

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]]> https://gulfbusiness.com/uae-unemployment-insurance-scheme-1m-sign-up/feed/ 0 Bahrain unveils new ‘golden licence’ to attract investors https://gulfbusiness.com/bahrain-unveils-new-golden-licence-for-companies/ https://gulfbusiness.com/bahrain-unveils-new-golden-licence-for-companies/#respond Tue, 04 Apr 2023 03:09:12 +0000 https://gulfbusiness.com/?p=249776 The new licence is part of an economic recovery plan launched by the Gulf state in October 2021 to boost investment and job creation

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