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Mon, Jan 19, 2026 | Rajab 30, 1447 | Fajr 05:45 | DXB 21.3°C

Economy News

IMF sees steady global growth in 2026 as AI boom offsets trade headwinds

IMF sees steady global growth in 2026 as AI boom offsets trade headwinds

IMF forecasts 2026 global GDP growth at 3.3% even with stronger 2025 performance as AI investment, tax breaks and lower tariffs fuel US growth upgrade

GCC growth set to accelerate as UAE leads non-oil expansion drive

GCC growth set to accelerate as UAE leads non-oil expansion drive

In its latest regional assessments, the IMF projected that GCC economies will continue to outperform many emerging and advanced markets in 2026

China's Q4 GDP growth slows to 3-year low, full-year pace meets official target

China's Q4 GDP growth slows to 3-year low, full-year pace meets official target

Reliance on external demand underscores vulnerabilities in China's economy, which is grappling with weak domestic spending amid a prolonged property slump and persistent deflationary strains

Japan, US narrow first $550 bln investment picks, including SoftBank-linked plan, sources say

Japan, US narrow first $550 bln investment picks, including SoftBank-linked plan, sources say

The two governments have intensified discussions to select the initial projects under the investment scheme, agreed as part of Tokyo's deal with Washington to lower tariffs

UAE joins US-led AI supply chain initiative Pax Silica, bolsters economic ties

UAE joins US-led AI supply chain initiative Pax Silica, bolsters economic ties

The programme is a key pillar of the Trump administration’s economic statecraft strategy to reduce dependence on rival nations and strengthen cooperation among allied partners

Global central bankers defend Fed's Powell after Trump threat

Global central bankers defend Fed's Powell after Trump threat

Independence from government influence has been the key foundation of modern central banking and remained the unquestioned standard for the world's biggest institutions

Investors anxious over make-or-break fight for the Fed

Investors anxious over make-or-break fight for the Fed

The ability of central banks to move, at least in setting interest rates, without political interference is considered a key tenet of modern economics

Trump-Powell tussle: Will the GCC states be affected?

Trump-Powell tussle: Will the GCC states be affected?

Since most of the region, including the UAE, maintain a currency peg to the US dollar, any changes to American monetary policy will have a direct impact here

India upgrades economic growth forecasts 2025-26 to 7.4%

India upgrades economic growth forecasts 2025-26 to 7.4%

In nominal terms, which factor in inflation, the economy is expected to grow 8%, compared with the 10.1% estimate in the annual federal budget announced last February

UAE businesses continue to remain on strong growth track

UAE businesses continue to remain on strong growth track

Firms attributed higher activity levels in December to stronger inflows of new orders, improving market conditions and favourable domestic policies