Day: April 14, 2026

Bahrain ,April 14 , 2016 : Bahrain’s gross domestic product (GDP) grew 3.5 percent at constant prices in 2025 compared with 2024, according to preliminary national accounts estimates released by the Information & eGovernment Authority (iGA).

Real GDP reached BHD15,709.8 million in 2025 at constant prices, up from BHD15,181.4 million in 2024.

In the fourth quarter, GDP expanded 4.6 percent at constant prices and 5.1 percent at current prices year-on-year, the Bahrain News Agency reported.

The non-oil sector rose by 7.4 percent at constant prices and 7.9 percent at current prices.

Dubai , April 15c, 2026: The UAE has announced that it will host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) in Abu Dhabi, in yet another vote of international confidence in the country’s economy.

The move will further reinforce the UAE’s position as a global financial hub as well as a key partner in supporting the stability of the international economic system and shaping its future direction.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai said: “In a global vote that reflects international confidence and underscores the UAE’s strong financial standing, the United Arab Emirates has been chosen to host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund in Abu Dhabi, a clear reflection of the strength and capability of its people.”

His Highness added: These global meetings bring together central bank governors and finance ministers from 190 countries and serve as a key platform to shape global financial stability policies and define the future of the international economy.

H.H. said: Proud of the United Arab Emirates, proud of its economic and financial talent, proud of its growing global standing, and proud of the trust it continues to earn from the world, day after day.

The UAE was selected to host the global event after securing the highest number of votes as part of an international evaluation process, demonstrating global trust in the country’s economic power, institutional readiness, and its stable and resilient economic environment.

The decision is also a testament to the UAE’s balanced fiscal and monetary policies, advanced infrastructure, and extensive experience in hosting major international events, further strengthening its role as a global platform for multilateral economic dialogue.

The hosting also builds on the UAE’s track record in organising such meetings, having previously hosted the same event in Dubai in 2003.

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, stressed that hosting the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund is in line with the country’s strategic vision of strengthening international partnerships and reinforcing its role as a key hub supporting global financial and economic stability.

H.H. noted that the UAE will continue to bolster its position in shaping the future of the global economy through an approach driven by openness, cooperation, and flexible fiscal as well as economic policies that stimulate growth and stability.

Sheikh Maktoum added: “This global event will provide a significant platform to promote constructive financial and economic dialogue among countries worldwide. We are committed to providing an ideal environment that leads to tangible outcomes supporting sustainable development and strengthening global financial and economic integration.”

Hosting this major international gathering, Sheikh Maktoum said, also showcases the UAE’s readiness, backed by its sophisticated infrastructure and proven organisational expertise, to serve as a global centre for economic decision-making and an effective platform for building international partnerships that shape the future of the global economy.

The Annual Meetings of the World Bank Group and the International Monetary Fund are among the world’s most important economic gatherings, bringing together finance ministers, central bank governors, policymakers and experts from more than 190 countries.

Every year, the meetings provide an ideal setting to discuss global economic priorities, including growth prospects, financial stability, sustainable development and challenges facing the global economy.

Therefore, hosting this event carries significant strategic importance for the UAE, further strengthening its role as a trusted partner in international economic decision-making.

The decision also builds on the UAE’s active role in supporting multilateral cooperation, fostering constructive dialogue between advanced and emerging economies.

Through such platforms, the country seeks to accelerate efforts to develop innovative solutions to global economic challenges while also promoting inclusive and sustainable economic growth worldwide.

Sharjah , April 14, 2026 : The real estate sector in the Emirate of Sharjah continued its strong performance during the first quarter of 2026, achieving notable growth in trading value and total transactions despite regional challenges.

Total real estate trading value reached AED18.5 billion, compared to AED13.2 billion during the same period in 2025, marking a growth of 40.7 percent and reflecting the sector’s resilience and growing investor confidence.

According to data released by the Sharjah Real Estate Registration Department, the total number of real estate transactions executed during the first quarter reached 29,235, representing an increase of 18.9 percent compared to the previous year.

Abdulaziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Department, affirmed that the emirate’s real estate sector continues its accelerated growth despite current conditions, supported by investor confidence and an adaptive legislative environment. This reflects the success of strategic plans and enhances the market’s attractiveness for long-term investments.

He added that digital transformation and smart services have contributed to accelerating procedures and improving transaction efficiency, positively impacting customer experience and strengthening Sharjah’s position as one of the leading real estate markets in the UAE and the region.

During the first quarter of 2026, seven new real estate projects were registered in the Emirate of Sharjah. These projects spanned residential, industrial and commercial sectors, reflecting the emirate’s commitment to developing an integrated urban environment that meets the needs of residents and investors while supporting sustainable market growth.

A total of 47 projects in the Emirate of Sharjah have been approved for ownership by non-UAE nationals and GCC nationals since the issuance of Executive Council Resolution No. (30) of 2022 regarding property ownership in the emirate. Among these, three projects received approval during the first quarter of 2026.

Sharjah witnessed a notable increase in the diversity of nationalities investing in its real estate sector during the first quarter of 2026, reaching 113 nationalities, compared to 97 nationalities in 2025.

The number of properties traded by investors of various nationalities reached 15,926, compared to 11,852 properties during the same period last year, reflecting a broader investor base and reinforcing the emirate’s real estate market appeal.

UAE nationals accounted for approximately AED9 billion of the total trading value, represented by 10,099 properties. GCC nationals invested AED0.8 billion across 502 properties, while Arab nationals invested AED3.4 billion through 2,692 properties. Investors from other nationalities accounted for AED5.3 billion across 2,633 properties.