UAE economy to fully recover in 2022 with 3.5 per cent GDP growth: Central Bank

Dubai: Economic activity in the UAE continued its recovery in the fourth quarter and the GDP growth is forecast to pick up to 2.5 per cent and 3.5 per cent, respectively in 2021 and 2022, according to the Central Bank of UAE (CBUAE). The CBUAE estimates real total GDP growth for the year 2020 to […]

Corporate Icons of the UAE: Weathering a crisis

The outbreak of Covid -19 shook the foundation of the global economy and compelled businesses to adapt to a new normal. Around this time last year, the world was entering into a lockdown that caused a seismic shift in the way businesses functioned. Global supply chains came to a halt, consumer confidence plummeted, unemployment was […]

Lebanon’s economy on free fall with the collapse of pound and runaway inflation

Beirut: Lebanon is battling its worst economic crisis since the 1975-1990 civil war. The national currency is in free fall, while poverty and unemployment are on the rise. Lebanon’s worst economic downturn in decades has pushed a battered population to the brink with no solution in sight. Plummeting pound The Lebanese pound has lost around […]