Economy

Bank of Japan ends eight-year era of negative interest rates in historic policy shift

Japan's move marks global departure from decades of stimulus-driven growth strategies

World Bank to provide over $6 billion in support to Egypt

Private sector growth, human capital development and climate resilience are key focus areas

Türkiye likely to keep interest rate unchanged amid inflationary pressures

Türkiye pledges tighter fiscal policies to reduce inflation

Qatar’s Consumer Price Index drops by 0.34 percent in February 2024

CPI rose YoY by 2.70 percent compared to February 2023

ADGM and Abu Dhabi Chamber forge agreement to support emirate’s business and investment landscape

Advancing sustainable development and economic diversification in Abu Dhabi

Kuwait maintains strong credit ratings with AA- affirmation, stable outlook: Report

The rating reflects minimal default risk, strong ability to meet financial obligations

EU commits $8 billion aid package to Egypt for migration management, trade expansion

Under the aid package, Egypt will receive a combination of grants and loans over the next three years

Economic and social reforms bolster Saudi Arabia’s stable credit ratings: Report

The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says

Sheikh Hamdan launches Dubai government’s new logo

The executive council also allocates AED40 billion for ‘Dubai Portfolio for Public-Private Partnership’

UAE and ASEAN strengthen strategic cooperation in vital sectors

Alliance drives cooperation in economy, trade, investment and clean energy

Global GDP to grow at 2.4 percent in 2024: Report

The improved projection is driven by the 2.1 percent growth surge anticipated in the U.S.

$200 million World Bank project creates, maintains over 400,000 jobs in Egypt

Promoting entrepreneurship with focus on women-led businesses

Saudi Arabia’s non-oil economy reaches 50 percent of real GDP

Private investment and robust exports drive record-breaking expansion

Ministry of Economy organises workshop on implementing zero-bureaucracy program

Program to streamline and simplify government services while reducing turnaround times

Oman’s state revenues exceed $2.6 billion in January 2024

Government investments reaching OMR200 million drive growth

Housing costs propel Saudi Arabia’s inflation to 1.8 percent in February

Subcategory prices for housing, water, electricity, gas, and fuels rose 8.5 percent YoY

UAE government revenues reach $42.45 billion in Q4 2023

Results highlight government's commitment to optimal resource management and open data policy

Booming hospitality, transport, and arts sectors fuel Saudi Arabia’s business growth in 2023

The ministry of commerce reported an increase in commercial registrations across various sectors

Disparity between nations grows in post-pandemic recovery: UNDP

Report highlights divergence in development trajectories, urges collective action

DIFC enacts new Digital Assets Law

Existing DIFC laws on contracts, obligations, security, among others, have also been updated

Dubai gets Unified Digital Platform for establishing companies

The new platform seeks to enhance electronic integration between licensing departments and other key entities to avoid duplication of procedures

U.K.’s economic recovery bolstered as GDP surges in January

Retail and wholesaling sectors drive 0.2 percent monthly growth

Transparency, good governance boost investor confidence in UAE: EFG Hermes CEO Moustafa El Chiati

Economic diversification, governance and robust trade position UAE as international investment hub