Economy

The General Pension and Social Security Authority (GPSSA) has urged employers to ensure the timely payment of contributions for GCC nationals working in the UAE. These contributions are necessary for employees under the Unified Protection Extension System, which guarantees GCC nationals working in any GCC country to receive the same …

Fuel prices for the month of July 2025 (liter/dirham) : Super 98: Before: 2.58 dirhams After: 2.70 dirhams Special 95: Before: 2.47 dirhams After: 2.58 dirhams Diesel: Before: 2.45 dirhams After: 2.63 dirhams

The United Arab Emirates (UAE) Ministry of Finance announced that the world’s top three credit rating agencies – Fitch Ratings (Fitch), S&P Global (S&P), and Moody’s Investors Service (Moody’s) – have assigned sovereign credit rating for the United Arab Emirates. This step reflects the continued international confidence in the strength …

The Central Bank of the UAE (CBUAE) imposed a financial sanction of AED100 million on an exchange house, pursuant to Article (137) of the Decretal Federal Law No. (14) of 2018, regarding the Central Bank and Organisation of Financial Institutions and Activities, and amendments thereto. The financial sanction is based …

 The Ministry of Economy announced the launch of the geographical indications (GI) system for national products – the first-of-its-kind federal initiative designed to safeguard local products with unique features and characteristics that originate from specific geographical regions in the UAE. The initiative aims to enhance the intellectual property (IP) protection …

The International Monetary Fund (IMF) forecasts Abu Dhabi’s economy to grow by 4.2% in 2025 and accelerate to 5.8% in 2026. Dubai’s economy is projected to expand by 3.3% in 2025, increasing to 3.5% in 2026. Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, …

Fuel prices for the month of May 2025 (liter/dirham) : Super 98: Before: 2.57 dirhams After: 2.58 dirhams Special 95: Before: 2.46 dirhams After: 2.47 dirhams Diesel: Before: 2.63 dirhams After: 2.52 dirhams

 The United Arab Emirates recorded total foreign trade of AED5.23 trillion (US$1.424 trillion) in 2024, a 49 percent increase from AED3.5 trillion (US$949 billion) in 2021, according to the World Trade Organisation’s “World Trade Outlook and Statistics” report. This robust growth reflects the UAE’s strategic economic vision, reinforcing its position …

 The European Central Bank (ECB) has announced a 25 basis point cut to its key interest rates, marking the seventh reduction since June last year, amid economic concerns heightened by tariffs imposed by US President Donald Trump. Following the decision by the ECB’s Governing Council, the deposit facility rate — …

The Central Bank of the UAE (CBUAE) has launched a new banknote of AED100 denomination, made of polymer and using innovative designs and advanced security features, in line with the UAE’s leadership vision, and reflecting the UAE’s leadership in sustainability. The new AED 100 banknote is part of the CBUAE’s …