The International Monetary Fund’s (IMF) forecast for the UAE’s economic growth remains unchanged at 3%. That’s despite downgrading its global forecast this year to 3.1%, from 3.3% in July, indicating a risk of a recession. The fund has also adjusted its forecast for 2016, from 3.8% to 3.6%. Its latest World Economic Outlook says the developed world is performing well, but emerging markets are weak, resulting in slower growth.
UAE trade deal with DR Congo takes effect
The UAE’s Comprehensive Economic Partnership Agreement (CEPA) with the Democratic Republic of Congo has officially come into force, opening up new opportunities for trade and investment between the two countries.
Crypto exchange Binance freezes assets after $6.3 billion security breach
Binance, the world's largest cryptocurrency exchange, said a security breach had resulted in an estimated $6.3 billion impact that analysts said could amount to the biggest crypto heist ever and might make investors rethink the risks of owning digital assets.
DFM traded value rises 22% to AED162 billion in 2026
The Dubai Financial Market (DFM) has reported a total traded value of AED162 billion so far in 2026, up by 22 per cent.
Sheikha Latifa explores avenues for closer cooperation with South Korea
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, has met South Korean ministers, senior government officials and business leaders during a visit to Seoul aimed at strengthening cooperation across key sectors.
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