Economy – Gulf Business https://gulfbusiness.com Mon, 14 Aug 2023 06:07:32 +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 – Gulf Business https://gulfbusiness.com 32 32 Saudi Arabia plans to issue $9.6bn in sukuk after buyback https://gulfbusiness.com/saudi-arabia-to-issue-9-6bn-sukuk-after-buyback/ https://gulfbusiness.com/saudi-arabia-to-issue-9-6bn-sukuk-after-buyback/#respond Mon, 14 Aug 2023 06:07:32 +0000 https://gulfbusiness.com/?p=264642 HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction

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]]> https://gulfbusiness.com/saudi-arabia-to-issue-9-6bn-sukuk-after-buyback/feed/ 0 Turkey sees cash flow from $51bn UAE deal starting by end of this year https://gulfbusiness.com/turkey-cash-flow-51-billion-uae-deal-end-of-2023/ https://gulfbusiness.com/turkey-cash-flow-51-billion-uae-deal-end-of-2023/#respond Sat, 12 Aug 2023 08:00:37 +0000 https://gulfbusiness.com/?p=264451 The agreement marked the high point of Turkey's President Recep Tayyip Erdogan’s recent visit to the Middle East

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]]> https://gulfbusiness.com/turkey-cash-flow-51-billion-uae-deal-end-of-2023/feed/ 0 China slides into deflation as consumer, producer prices decline https://gulfbusiness.com/china-in-deflation-consumer-producer-prices-dive/ https://gulfbusiness.com/china-in-deflation-consumer-producer-prices-dive/#respond Thu, 10 Aug 2023 01:03:50 +0000 https://gulfbusiness.com/?p=264190 A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on the economy’s recovery

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]]> https://gulfbusiness.com/china-in-deflation-consumer-producer-prices-dive/feed/ 0 UAE: Ministry of Finance announces strategic plan for 2023-2026 https://gulfbusiness.com/uae-mof-announces-strategic-plan-for-2023-2026/ https://gulfbusiness.com/uae-mof-announces-strategic-plan-for-2023-2026/#respond Mon, 07 Aug 2023 03:47:38 +0000 https://gulfbusiness.com/?p=263611 The plan will develop financial policies to promote economic growth, create a competitive business environment and strengthen international economic relations

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]]> https://gulfbusiness.com/uae-mof-announces-strategic-plan-for-2023-2026/feed/ 0 Corporate tax free zone public consultation: Deadline extended https://gulfbusiness.com/corporate-tax-free-zone-public-consultation-deadline/ https://gulfbusiness.com/corporate-tax-free-zone-public-consultation-deadline/#respond Tue, 01 Aug 2023 19:00:56 +0000 https://gulfbusiness.com/?p=263133 The deadline for free zone-based businesses to share their inputs has been extended by a week

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]]> https://gulfbusiness.com/corporate-tax-free-zone-public-consultation-deadline/feed/ 0 UAE’s GDP grows 3.8% in first quarter to $114bn https://gulfbusiness.com/uaes-q1-2023-gdp-up-3-8-to-114bn/ https://gulfbusiness.com/uaes-q1-2023-gdp-up-3-8-to-114bn/#respond Tue, 01 Aug 2023 18:00:51 +0000 https://gulfbusiness.com/?p=263044 The country’s non-oil activities grew by 4.5 per cent year-on-year in the quarter to Dhs312bn

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]]> https://gulfbusiness.com/uaes-q1-2023-gdp-up-3-8-to-114bn/feed/ 0 Saudi Arabia’s oil production cuts to slowdown growth, says IMF outlook https://gulfbusiness.com/saudi-arabia-oil-production-cuts-slowdown-growth-imf/ https://gulfbusiness.com/saudi-arabia-oil-production-cuts-slowdown-growth-imf/#respond Fri, 28 Jul 2023 05:28:43 +0000 https://gulfbusiness.com/?p=262656 The impact of a slowdown in Saudi Arabia will be felt across the Middle East and Central Asia

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]]> https://gulfbusiness.com/saudi-arabia-oil-production-cuts-slowdown-growth-imf/feed/ 0 CBUAE raises interest rates after US Fed resumes rate hike https://gulfbusiness.com/cbuae-raises-interest-rates-after-us-fed-continues-rate-hike/ https://gulfbusiness.com/cbuae-raises-interest-rates-after-us-fed-continues-rate-hike/#respond Wed, 26 Jul 2023 19:36:44 +0000 https://gulfbusiness.com/?p=262503 The US Federal Reserve raised its benchmark interest rates by 25 points to the highest level in 22 years

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]]> https://gulfbusiness.com/cbuae-raises-interest-rates-after-us-fed-continues-rate-hike/feed/ 0 UAE government revenue at $31bn in Q1 2023 https://gulfbusiness.com/uae-government-revenue-at-31bn-q1-2023/ https://gulfbusiness.com/uae-government-revenue-at-31bn-q1-2023/#respond Tue, 25 Jul 2023 20:02:07 +0000 https://gulfbusiness.com/?p=262359 The World Bank projects the UAE’s non-oil sector is expected to achieve strong growth by the end of 2023 driven by robust domestic demand

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]]> https://gulfbusiness.com/uae-government-revenue-at-31bn-q1-2023/feed/ 0 Dubai Chamber expands global footprint with Vietnam office https://gulfbusiness.com/dubai-chamber-inaugurates-vietnam-office/ https://gulfbusiness.com/dubai-chamber-inaugurates-vietnam-office/#respond Mon, 24 Jul 2023 08:58:15 +0000 https://gulfbusiness.com/?p=262155 The office will support and guide Dubai-based companies seeking to expand into Vietnam throughout every stage of their international expansion

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