S&P Global Ratings, the world’s leading credit rating agency, expects the UAE’s real GDP to grow by 5.3 percent in 2024, compared to 3.4 percent in 2023. In a new report released today, the credit rating agency said that UAE banks reported exceptional profits for the full year 2023 due to lower provisioning requirements and higher interest margins, in addition ...

The UAE’s Comprehensive Economic Agreement with Cambodia has officially entered into force, promising to enhance trade flows, create opportunities for strategic investment, and accelerate economic diversification for both countries. The agreement will do so through the removal or reduction of tariffs on more than 92% of product lines, eliminating unnecessary barriers to trade, and improving market access for service exports. ...

Today (February 8), the Sharjah FDI Office (Invest in Sharjah) — in collaboration with the Consulate of Malaysia and the Malaysian Business Council — conducted the ‘Sharjah-Malaysia Business Roundtable’ at the House of Wisdom, convening Chairmen and CEOs of influential entities in Sharjah, along with diplomats, Malaysian delegates, and representatives. The primary objective of the roundtable was to strengthen the ...