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IMF predicts upward growth path for UAE

The UAE economy is projected to grow at 2.9 percent in 2018 and 3.7 percent in 2019 against and estimated growth of 0.8 percent, reported Gulf News in an article in the paper today, quoting the latest regional economic outlook report of the International Monetary Fund (IMF). “Growth projections are …

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UAE global center for Islamic fintech start-ups

The UAE has been ranked as one of the world’s top Islamic fintech hubs with the country home to 12 start-ups specialising in this field, a new analysis from the Dubai Chamber of Commerce and Industry has revealed. The analysis, based on recent data from IFN Fintech, ranked the UAE …

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UAE ranks Number One in Islamic economics

The UAE has been ranked first globally in five Islamic economic sectors, according to the latest results of the “Global Islamic Economy Report 2018-2019.” The Dubai Islamic Economy Development Centre, DIEDC, today published the results of the report, entitled “An Inclusive Ethical Economy.” The sixth report in the series was …

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Green economy report released at summit

A new State of the Green Economy Report 2018 released on the last of the two-day World Green Economy Summit on Wednesday will help guide the UAE and other countries to a new economic structure growing around the world, said organisers. The 204-page booklet, containing environmental updates and forward-looking pieces …

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Pentagon alarmed at drop in Iraq refugees to US

Military officials are sounding the alarm inside the Trump administration about the sharp drop in admission to the United States of Iraqi refugees who have helped American troops in battle, said two US officials aware of the internal discussions. The Pentagon is concerned that not providing safe haven to more …

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Gulf states need to work on their web speeds

Quite disappointingly, the Gulf states have not achieved outstanding results in the 2018 report concerning internet speeds. The best performance among Arab nations was Bahrain’s, but it could place only 90th worldwide, far behind South Asia and Europe, according to rankings compiled by cable.co.uk. Of the other GCC countries, the …

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UAE most digitally advanced in Arab world

The UAE is one of the most advanced digital economies in the world, landing in the top 20 globally and first in the Arab world, according to the latest report. The new edition of IMD World Digital Competitiveness Ranking 2018 released on Tuesday, showed the UAE moving up in the …

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Trump administration releases report finding ‘no convincing alternative explanation’ for climate change

The Trump administration released a dire scientific report Friday calling human activity the dominant driver of global warming, a conclusion at odds with White House decisions to withdraw from a key international climate accord, champion fossil fuels and reverse Obama-era climate policies. To the surprise of some scientists, the White House did not …

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