Economy Archives | Gulf Business https://gulfbusiness.com/section/industry/economy/ Thu, 08 Jun 2023 18:07:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.5 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 signs bilateral trade deal with Cambodia https://gulfbusiness.com/uae-cambodia-sign-cepa-to-double-non-oil-trade/ https://gulfbusiness.com/uae-cambodia-sign-cepa-to-double-non-oil-trade/#respond Thu, 08 Jun 2023 18:00:39 +0000 https://gulfbusiness.com/?p=257523 The agreement with Cambodia will reduce or remove tariffs, eliminate barriers to trade and create new avenues for strategic investment

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]]> https://gulfbusiness.com/uae-cambodia-sign-cepa-to-double-non-oil-trade/feed/ 0 IMF trims Saudi Arabia growth forecast to 2.1% in 2023 https://gulfbusiness.com/imf-cuts-saudi-growth-forecast-to-2-1-in-2023/ https://gulfbusiness.com/imf-cuts-saudi-growth-forecast-to-2-1-in-2023/#respond Wed, 07 Jun 2023 18:20:29 +0000 https://gulfbusiness.com/?p=257391 The fund projected that Saudi Arabia would swing to a deficit in 2023 on lower oil revenue

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]]> https://gulfbusiness.com/imf-cuts-saudi-growth-forecast-to-2-1-in-2023/feed/ 0 Dubai Chamber of Digital Economy attracts 30 startups in Q1 2023 https://gulfbusiness.com/dubai-chamber-attracts-30-startups-in-q1-2023/ https://gulfbusiness.com/dubai-chamber-attracts-30-startups-in-q1-2023/#respond Tue, 06 Jun 2023 14:10:18 +0000 https://gulfbusiness.com/?p=257100 The chamber is supporting Dubai’s digital transformation while cementing its status as the global digital economy hub

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]]> https://gulfbusiness.com/dubai-chamber-attracts-30-startups-in-q1-2023/feed/ 0 Dubai Chamber of Commerce welcomes 15,366 new member companies in Q1 2023 https://gulfbusiness.com/dubai-chamber-of-commerce-q1-2023-highlights/ https://gulfbusiness.com/dubai-chamber-of-commerce-q1-2023-highlights/#respond Tue, 06 Jun 2023 06:13:40 +0000 https://gulfbusiness.com/?p=257040 The first quarter saw the chamber achieve its goal of establishing more than 100 business groups from various sectors and economic activities

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]]> https://gulfbusiness.com/dubai-chamber-of-commerce-q1-2023-highlights/feed/ 0 Sheikh Hamdan reviews DET progress on Dubai Economic Agenda D33 goals https://gulfbusiness.com/sheikh-hamdan-reviews-det-progress-on-d33-goals/ https://gulfbusiness.com/sheikh-hamdan-reviews-det-progress-on-d33-goals/#respond Tue, 06 Jun 2023 04:28:24 +0000 https://gulfbusiness.com/?p=257031 According to the latest DET data, Dubai recorded an increase of over 30 per cent in new business licenses issued during Q1 2023 compared to the same period in 2022

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]]> https://gulfbusiness.com/sheikh-hamdan-reviews-det-progress-on-d33-goals/feed/ 0 Corporate tax: FTA launches corporate tax workshop platform https://gulfbusiness.com/fta-unveils-corporate-tax-workshop-platform/ https://gulfbusiness.com/fta-unveils-corporate-tax-workshop-platform/#respond Mon, 05 Jun 2023 08:26:50 +0000 https://gulfbusiness.com/?p=256871 The new feature forms part of the steps the FTA has taken to ensure a smooth implementation of the corporate tax law

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]]> https://gulfbusiness.com/fta-unveils-corporate-tax-workshop-platform/feed/ 0 Saudi Arabia’s National Development Fund disburses over $8bn in financing https://gulfbusiness.com/saudi-arabia-facilitates-over-8bn-in-financing/ https://gulfbusiness.com/saudi-arabia-facilitates-over-8bn-in-financing/#respond Mon, 05 Jun 2023 03:13:59 +0000 https://gulfbusiness.com/?p=256791 The Saudi Industrial Development Fund supported over 100 beneficiaries through the industrial fund’s academic and advisory programmes

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]]> https://gulfbusiness.com/saudi-arabia-facilitates-over-8bn-in-financing/feed/ 0 S&P Global affirms rating, positive outlook on Bahrain https://gulfbusiness.com/sp-maintains-positive-outlook-on-bahrain/ https://gulfbusiness.com/sp-maintains-positive-outlook-on-bahrain/#respond Tue, 30 May 2023 03:00:17 +0000 https://gulfbusiness.com/?p=256049 The country’s fiscal and debt positions strengthened in 2022 on the back of higher oil prices and budget consolidation measures

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]]> https://gulfbusiness.com/sp-maintains-positive-outlook-on-bahrain/feed/ 0 Saudi Arabia’s net reserves fall to $410bn, lowest since 2010 https://gulfbusiness.com/saudi-net-reserves-drop-to-410bn-in-april/ https://gulfbusiness.com/saudi-net-reserves-drop-to-410bn-in-april/#respond Mon, 29 May 2023 06:15:04 +0000 https://gulfbusiness.com/?p=255897 The central bank said the net foreign assets dropped to SAR1.54tn in April from SAR1.57tn the previous month

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]]> https://gulfbusiness.com/saudi-net-reserves-drop-to-410bn-in-april/feed/ 0 UAE, Malaysia agree to launch CEPA negotiations https://gulfbusiness.com/uae-to-launch-free-trade-talks-with-malaysia/ https://gulfbusiness.com/uae-to-launch-free-trade-talks-with-malaysia/#respond Wed, 24 May 2023 03:04:42 +0000 https://gulfbusiness.com/?p=255267 The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force

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