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          Economy

          The Samsung booth at the 2024 CES event in Las Vegas, Nevada, US, on Wednesday, Jan. 10, 2024. The event typically doubles as a preview of how tech giants and startups will market their wares in the coming year and if early announcements are any indication, AI-branded products will become the new "smart" gadgets of 2024. Photographer: Bridget Bennett / Bloomberg

          Samsung awarded $4.8bn incentive to help boost US production under Chips Act

          TechnologyDecember 21, 2024
          A building damaged by a missile attack in Kyiv. Russia’s war in Ukraine continues to take a 'devastating' social and economic toll, the IMF says. AFP

          IMF approves $1.1bn disbursement for Ukraine

          EconomyDecember 21, 2024
          A trader at the New York Stock Exchange. The US economy remains healthy but challenges remain, especially with Donald Trump's looming return to the White House casting clouds of uncertainty. EPA

          Wall Street rallies on cooler-than-expected US inflation report

          MarketsDecember 21, 2024
          Britain's Prime Minister Keir Starmer had previously been lukewarm about Britain joining the CPTPP. AP

          Does anyone really care about Britain’s 'biggest post-Brexit trade deal'?

          CommentDecember 19, 2024
          OECD's Pillar Two reform establishes a global minimum corporate tax, mandating large multinationals to pay at least 15% tax on profits in every country they operate. Silvia Razgova / The National

          UAE corporate tax: Implications of Pillar 2 rules for businesses

          EconomyDecember 19, 2024
          The UAE Central Bank typically aligns its interest rate decisions with those of the Fed due to the dirham's peg to the US dollar. Ryan Carter / The National

          UAE Central Bank lowers interest rates following US Federal Reserve move

          EconomyDecember 18, 2024
          Traders on the floor of the New York Stock Exchange. Overconfidence may lead traders to take excessive risks, believing they can consistently predict market movements. AFP

          Risks novice traders face in a volatile trading environment

          MoneyDecember 18, 2024
          Having insurance does not prevent a health problem from arising, but it can help to stop it becoming a crisis. Alex Atack for The National.

          How the UAE's social safety net is spreading

          EditorialDecember 18, 2024
          The war has displaced nearly 1.9 million people, or about 90 per cent of Gaza's population. Getty Images

          Gaza war continues to have 'catastrophic' effect on Palestinian economy, World Bank warns

          EconomyDecember 16, 2024
          Under the new system, tourists can request VAT refunds directly through registered e-commerce platforms before their purchases are shipped. Getty Images

          UAE to offer VAT refund to tourists for online purchases

          EconomyDecember 16, 2024
          The Arab states had the highest share of global migrants in their labour force. Photo: FatCamera

          Arab states draw in more migrant workers amid global surge in demand for labour

          EconomyDecember 16, 2024
          A container ship from MSC leaves the port of Tokyo. After several years of negotiation, the UK joined the CPTPP trade bloc on Sunday. AFP

          UK joins Indo-Pacific trade bloc in move to 'boost trade and create opportunities for UK companies abroad'

          BusinessDecember 15, 2024
          Shoppers pass the Fortnum & Mason store in London. 'In December, consumers adopted the holding pattern we’ve seen for much of 2024,' said Neil Bellamy, consumer insights director at GfK. Bloomberg

          UK economy shrinks for second month with little Christmas boost on the cards

          EconomyDecember 13, 2024
          People walk past a currency exchange point in Cairo. Reuters

          Could the Egyptian pound be devalued again?

          BusinessDecember 13, 2024
          A drone-created light show and fireworks over Riyadh on Wednesday to celebrate Saudi Arabia’s confirmation as host of the 2034 World Cup. AFP

          World Cup hosting set to give major boost to Saudi Arabia's economy

          EconomyDecember 13, 2024
          Sheikh Khaled bin Mohamed (centre), Crown Prince of Abu Dhabi, inaugurates CMA Terminals at Khalifa Port. Photo: Abu Dhabi Media Office

          Abu Dhabi opens $845m CMA Terminals at Khalifa Port to boost global trade

          EconomyDecember 12, 2024