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Last year’s retail data from Q3 2020 recorded an 8% increase in the average spends per person by tourists.

Economy3 days ago

While economies around the world are working to normalise our relationship with the Omicron variant, there have been concerns about inflation related to monetary tightening

Economy3 days ago

Middle East and Central Asia region’s growth revised upward for 2022

Business3 days ago

Inflation was expected to stay the lowest in the UAE, Saudi and Oman.

Economy5 days ago

With the Omicron variant of Covid-19 adding to economic uncertainty and fuelling a spike in consumer prices rose not seen for decades, the Fed’s decision Wednesday will be closely scrutinised for signs policymakers will take more aggressive steps to contain inflation

Economy5 days ago

IDC estimated that public cloud services adoption is accelerating at a CAGR of 28 per cent year on year between 2020 and 2025 in the UAE

UAE1 week ago

Over the course of the two years of the pandemic, the fortunes of the world's 10 richest individuals have risen to $1.5 trillion.

Economy1 week ago

Growth in the fourth quarter hit a one-and-a-half-year low, government data showed on Monday shortly after the central bank moved to prop up the economy with a cut to a key lending rate for the first time since early 2020

Economy1 week ago

But rising bad loans are a challenge for regional banks, especially in UAE and Qatar

MENA1 week ago