The International Monetary Fund (IMF) has raised its economic growth forecast for the Middle East and North Africa this year, despite a gloomy global prediction. The regional economy is now expected to grow by 3.4%, up from 3.1% in April. Globally, growth is forecast at 3.1%, compared to 3.2% three months ago. IMF largely blames the negative outlook on Brexit, saying the financial and oil markets started recovering earlier this year, under the assumption that the UK would remain in the EU.
Zayed International Airport reports strong passenger, flight traffic
Abu Dhabi's Zayed International Airport (AUH) has recorded strong growth in passenger and flight traffic, with daily volumes now higher than the same period in 2025.
UAE pushes for South America trade deal at Mercosur Summit
The UAE has reaffirmed its commitment to strengthening economic ties with South America's Mercosur bloc, as it pushes to secure a landmark trade agreement with the regional alliance.
UAE-Ukraine CEPA takes effect, boosting economic ties
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Ukraine officially comes into force on July 1, in a significant advancement in the two nations' economic ties.
UAE looks to deepen Panama ties as trade jumps nearly 50%
The UAE is looking to strengthen trade and investment ties with Panama after non-oil trade between the two countries rose by almost 50 per cent last year.
Al Tayer calls for global action on critical minerals to power clean energy transition
Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organisation (WGEO), has called for stronger international cooperation and investment in critical minerals, describing them as essential to achieving global climate goals and accelerating the transition to clean energy.
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Pinoy Expat Corner
What inspired them to take photography seriously here in the UAE?
Pinoy Expat Corner
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Pinoy Expat Corner
Why did they choose bowling as their hobby, and what makes it unique compared to other activities?
