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Tue, Dec 09, 2025 | Jumada al-Thani 18, 1447 | Fajr 05:30 | DXB 30°C

Economy News

Reserve Bank of India to tolerate weaker rupee as inflows dry up, sources say

Reserve Bank of India to tolerate weaker rupee as inflows dry up, sources say

The central bank is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not defend any specific level on the rupee

Eid Al Etihad: 220,000 new companies entered the UAE market this year

Eid Al Etihad: 220,000 new companies entered the UAE market this year

The nation’s hospitality sector continued its strong upward trajectory in the first nine months of 2025, with hotels welcoming 23.27 million guests – up 4.9% compared to the same period in 2024

Tariffs, AI boom could test global growth's resilience, OECD says

Tariffs, AI boom could test global growth's resilience, OECD says

In its Economic Outlook, the Organisation for Economic Cooperation and Development forecast global growth would slow modestly from 3.2% in 2025 to 2.9% in 2026

Eurozone inflation ticks up, pointing to steady ECB rates

Eurozone inflation ticks up, pointing to steady ECB rates

Inflation in the 20 nations sharing the euro accelerated to 2.2% from 2.1% a month earlier, hovering near the ECB's 2% goal for most of this year

India seeks parliament nod for net $4.62 billion in extra spending for 2025-26

India seeks parliament nod for net $4.62 billion in extra spending for 2025-26

Government proposing extra allocations for defence procurements, and subsidies on fertiliser and cooking gas

Euro zone banks should prepare for risk of dollar squeeze, ECB says

Euro zone banks should prepare for risk of dollar squeeze, ECB says

One nightmare scenario would be the Fed shutting its emergency liquidity line to the ECB, removing a backstop banks have relied on since the financial crisis

Why Europe and the US are continuing to haggle on trade

Why Europe and the US are continuing to haggle on trade

Both sides have signed onto a trade agreement in principle, with various exceptions. But key parts of the deal have not been completed and carried out

Ageing populations a 'ticking time bomb' for GDP growth, says EBRD

Ageing populations a 'ticking time bomb' for GDP growth, says EBRD

Post-communist nations 'getting old before getting rich'; Nigeria and others growing, but benefits may be fleeting

UAE poised to power GCC’s 2026 boom with 5.6% growth

UAE poised to power GCC’s 2026 boom with 5.6% growth

The central bank expects non-hydrocarbon GDP to grow 4.5 per cent in 2025 and 4.8 per cent in 2026, while hydrocarbon output is forecast to rise 5.8 per cent and 6.5 per cent respectively

Sheikh Mohammed approves record Dh302.7-billion Dubai budget for 2026–2028

Sheikh Mohammed approves record Dh302.7-billion Dubai budget for 2026–2028

The budget lists total revenues of Dh329.2 billion, with an operating surplus of 5 per cent