UAE’s real GDP grew by 6.2% in 2025 over the previous year to hit AED1.9 trillion ($517 billion), thus reflecting the effectiveness of the country's strategy to develop a diversified and sustainable economic model, backed by robust growth in non-oil sectors, said a report.
The US-Iran war and effective closure of the Strait of Hormuz have disrupted economic activity, but the negative rating actions for Middle East issuers for the March-April period were limited to outlook revisions and placements on the Rating Watch, according to a report from Fitch.
The heads of four major global economic institutions warned on Friday that the war in the Middle East is posing growing risks to the world economy, with disruptions to oil shipments through the Strait of Hormuz driving down global inventories and threatening energy security ahead of peak summer demand.
The global economic outlook has deteriorated sharply in recent weeks, according to the latest edition of the World Economic Forum’s Chief Economists’ Outlook published on Thursday (May 28).
The UAE's Defaulted Debts Settlement Fund, in cooperation with several UAE banks, has waived more than AED834 million ($227.09 million) in interest accrued on loans owed by 2,339 low-income retirees across the country.
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has announced another record year reflecting the strong performance of its portfolio companies and the successful implementation of the group’s strategy.
The gross domestic product (GDP) of the GCC states reached approximately $2.4 trillion in 2025, positioning the council's economies among the world's influential economic powers, according to data issued by the Gulf Statistical Centre (GCC-Stat).
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, and DAMAC Properties, a leading private real estate developer in the Middle East, have launched a landmark home financing plan designed to provide ease and stability for homebuyers.
The risk in digital payments is becoming more sophisticated as artificial intelligence gives fraudsters the ability to automate attacks, mimic legitimate behaviour and scale scams faster than traditional controls can respond, writes Sandeep Crasta.
The credit rating agency Moody’s has reaffirmed Saudi Arabia’s credit rating at “Aa3” with a “stable” outlook.
