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Tag Archives: Economy

Syria: Small Steps towards Economic Recovery

By Areej Zaher*   The World Bank has reported that the Syrian conflict, till 2017, had disastrous effects on about a third of the residents and half of the medical and educational institutions, as a result of the collapse of vital economical systems. This caused the ending of 538 jobs …

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UAE PMI data shows employment declined in August

The Emirates NBD UAE Purchasing Managers’ Index, a composite indicator of operating conditions in the non-oil private sector of economy, fell to 55 in August, down from 55.8 in July. The employment index of the PMI survey fell to 49 in August signalling a modest average decline in jobs last …

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Callix brings contact centre at affordable prices

Dubai-based Callix aims to capitalise on human interaction instead of impersonal digital personas to help small- and medium-sized enterprises in the UAE to drive business and unify customer experience. According to Forrester data, 72 per cent of businesses list customer experience improvement as a top priority. Arif Saiyad, founder and …

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The UAE economy is set for rebound from this year

The UAE economy, which faced a more than anticipated slowdown in economic growth in 2017, is expected to bounce back from this year thanks to the higher oil prices and the various fiscal reforms packages announced by the government, according to economists. “The announced stimulus and structural reform measures comfort …

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Islamic economy generates 8.3% of Dubai’s GDP

The contribution of the Islamic economy to Dubai’s gross domestic product (GDP) increased from 7.6 per cent in 2014 to 8.3 per cent in 2016, registering a growth rate of 14 per cent, according to Dubai Statistics Centre, a strategic partner of Dubai Islamic Economy Development Centre (DIEDC). In 2016, …

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Dubai non-oil private sector growth slowed in December

Data on Dubai’s non-oil private sector December showed a marginal slowdown in growth with the Emirates NBD Dubai Economy Tracker Index (DETI) slipping to 54.7 in December, from 55.3 in November — the lowest reading since October 2016. Data indicated a slower rate of expansion in Dubai’s economy last month. …

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UAE the best managed economy in the region: IIF

The UAE is the best managed economy in the region, according to the latest regional economic outlook report from the Institute of International Finance (IIF), a Washington based association of world’s leading banks and financial institutions. “The UAE with large financial buffers (estimated at around $670 billion), safe-haven status, perfect …

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