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PM of Malaysia advocates replacing capitalism with Islamic economy

The Brew News Team   Wed 29 May 2024    

On Tuesday, the Prime Minister of Malaysia, Anwar Ibrahim, called for Islamic economic entities to embrace the Islamic economy and finance system as an alternative to capitalism. During his speech at the Global Islamic Economy and Finance Forum 2024, he […]

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The IMF anticipates a 4% expansion in the UAE’s economy for 2024

The Brew News Team   Tue 21 May 2024    

Washington: The International Monetary Fund (IMF) forecasts a 4 percent growth in the UAE’s real gross domestic product (GDP) for 2024. In a statement released today, following the completion of consultations under Article IV by a team of its experts […]

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IMF Chief warns: AI endangers 60% of developed economy jobs

The Brew News Team   Wed 15 May 2024    

Zurich: During a conference in Zurich, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), forecasted that artificial intelligence (AI) would influence 60% of jobs in advanced economies and 40% globally within two years. Lagarde noted that while effectively […]

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GCC firms penetrate Saudi Arabia, seizing US$3 trillion investment prospects

The Brew News Team   Tue 06 Feb 2024    

Dubai: GCC companies are expanding into Saudi Arabia to capitalize on the vast opportunities arising from $3 trillion in foreign investments as part of Saudi Vision 2030. By obtaining new business licenses or setting up branches, firms are aligning with […]

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Dubai economy: GDP soars by 3.3% from January to September 2023

The Brew News Team   Mon 22 Jan 2024    

Dubai: Dubai experienced a notable economic upswing with a 3.3 percent increase in real Gross Domestic Product (GDP) during the initial nine months of 2023, showcasing the city’s resilience and robust growth trajectory. This achievement is a testament to Dubai’s […]

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Dubai Duty Free achieves all-time record sales of over AED 7.8 billion in 2023

The Brew News Team   Thu 04 Jan 2024    

DUBAI: The New Year began on a high note for Dubai Duty Free with the operation announcing an all-time sales record of AED 7.885 billion (US$2.16 billion) for 2023, representing a 24.39 percent increase over the previous year and 6.40 […]

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Arab youth say the UAE is the nation they would most like to live in and their own to emulate for the 12th straight year

The Brew News Team   Tue 20 Jun 2023    

Dubai: For the 12th consecutive year since they were asked to name the countries they consider ‘model nations’, Arab youth have said the United Arab Emirates is the country they would most like to live in and the one they […]

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UAE ranked third most trusted country in the world: Edelman Trust Barometer 2023

The Brew News Team   Wed 10 May 2023    

Abu Dhabi: The UAE has once again emerged as one the most unified and trusted countries in the world, according to the 2023 Edelman Trust Barometer. The latest report, which surveys 32,000 respondents in 28 countries, found that despite global […]

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World Economic Forum names HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum in its Young Global Leaders Class of 2023

The Brew News Team   Thu 16 Mar 2023    

Dubai: In an announcement that reflects the UAE’s growing global status, the World Economic Forum (WEF) named His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of […]

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A guide to retirement planning for Non-residentials Indians 

Guest View   Fri 27 Jan 2023    

UAE: India’s economic growth continues to be on a healthy track despite the global slowdown of economic activities, like inflation, and geopolitical tensions. With a forecasted growth rate of 7%, India is projected to be the fifth-largest economy in the […]

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Dubai to host the inaugural edition of the MENA IPO Summit on January 23

Brew Admin   Sun 22 Jan 2023    

HH Sheikh Maktoum bin Mohammed: “Driven by the ambitious goals of the Dubai Economic Agenda (D33), Dubai will continue to accelerate its economic growth momentum and consolidate its position as a major international financial centre” The Summit will shed light […]

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