Economy

Kuwait 2026: Rediscovering the Gulf’s Original Trading Hub and Its Vision for the Future

Kuwait City does not often top travel wish lists. Sandwiched between Saudi Arabia and Iraq, with a coastline on the Gulf and a skyline...

Saudi Arabia’s Vision 2030 Enters Final Phase With $1.31 Trillion Economy and 123 Million Tourists

Saudi Arabia has launched the third and final phase of Vision 2030 with its GDP exceeding $1.31 trillion and non-oil activities accounting for 55 per cent of the economy, while tourism has surpassed its original 100 million visitor target three years ahead of schedule.

UK Seals Historic Free Trade Deal With GCC: First G7 Nation to Sign With Gulf Bloc

The United Kingdom has concluded a landmark free trade agreement with the six-member Gulf Cooperation Council, becoming the first G7 nation to sign such a deal with the Gulf bloc and removing an estimated £580 million in annual duties on UK exports.

UAE Rises to Second in Global Islamic Economy Rankings as FDI Hits $45.6 Billion

The UAE has climbed to second place in the Global Islamic Economy Indicator, jumping from fourth, driven by record FDI inflows of $45.6 billion and its position as the most active Islamic investment destination by transaction volume.

Dubai’s AED 2.5 Billion Tourism Recovery Plan: How the UAE Is Winning Back the World

Dubai has never waited passively for tourism to return. In a move that underlines the UAE government's absolute commitment to its visitor economy, Dubai's...

Dubai Tourism 2026: A City That Turned 19.6 Million Visitors Into Its New Baseline

Dubai welcomed 19.59 million international overnight visitors in 2025, a 5 per cent increase on the previous year's record 18.72 million, marking the emirate's...

Arabian Gulf Shipping Update: How GCC Businesses Are Managing Elevated Maritime Risk

For the first time since the early 1980s, the Arabian Gulf's principal maritime trade corridor is operating under conditions of significant navigational complexity. The...

Dubai’s Al Khaleej Street Tunnel Hits 80% Completion: 1,650m Project Will Cut Commute from 104 to 16 Minutes

Dubai's Roads and Transport Authority (RTA) has confirmed that the Al Khaleej Street Tunnel Project, a cornerstone element of the Al Shindagha Corridor Improvement...

UAE Petrol Prices June 2026: Super 98 at Dh3.66, What Drivers and Businesses Need to Know

The UAE Fuel Price Committee has set petrol prices for June 2026, with Super 98 remaining at Dh3.66 per litre, Special 95 at Dh3.54...

GCC Construction Market Set for H2 2026 Recovery After Iran-War Slump Cuts Q1 Awards 9.7%

The GCC's construction and projects market absorbed its sharpest shock in years during the first quarter of 2026, as the US-Iran conflict triggered a...

UAE-South Korea CEPA in Force: What the Landmark Trade Deal Means for Gulf Exporters

The Comprehensive Economic Partnership Agreement between the United Arab Emirates and the Republic of Korea entered into force on 1 May 2026, marking a...

UAE Mediates 24th Russia-Ukraine Prisoner Swap, Freeing 370 Captives in Latest Mediation

The United Arab Emirates has successfully brokered its 24th prisoner of war exchange between Russia and Ukraine, securing the release of 370 captives from...

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