The UAE Fuel Price Committee has announced the fuel prices for May 2025. The updated rates are as follows: Super 98 at AED 2.58 per liter, Special 95 at AED 2.47 per liter, E-Plus 91 at AED 2.39 per liter, and Diesel at AED 2.52 per liter. These adjustments reflect changes in global oil markets […]
UAE Fuel Prices Adjusted for May 2025 Read More »
The International Monetary Fund (IMF) projects that the UAE’s economy will grow by 4% in 2025, driven by strong performances in non-oil sectors such as trade, tourism, and technology. This growth reflects the country’s successful economic diversification efforts and strategic investments in various industries. Source: Arab News
IMF Projects UAE’s Economy to Grow by 4% in 2025 Read More »
The International Monetary Fund (IMF) has revised its 2025 economic growth forecast for the Middle East and North Africa (MENA) region to 2.6%, down from the previous estimate of 4%. This adjustment reflects concerns over global trade tensions, declining oil prices, and regional geopolitical issues. While Gulf Cooperation Council (GCC) countries are expected to grow
IMF Lowers MENA Growth Forecast Amid Global Economic Challenges Read More »
Abu Dhabi has launched a new stablecoin named ‘Image,’ which is pegged to the UAE dirham. This initiative aims to modernize financial transactions, including rent payments and remittances, by leveraging blockchain technology. The project is currently awaiting regulatory approval from the UAE Central Bank and involves collaboration among three major Emirati entities. Source: The National
Abu Dhabi Introduces Dirham-Pegged Stablecoin ‘Image’ Read More »