Economy
According to Saxo Bank's Q4 forecast
Exclusives
Though activity slowed due to higher production costs
The Conference lowered its growth forecast
MOU with Saudi Finance to establish IMF regional office in Kingdom
He diagnosed the "largest speculative bubble of all time" last June
To 9.7% in Q2, compared to 10.1% in Q1 2022
Thanks to oil production and the "strong" recovery of non-oil sector
Bank of England intervenes in the face of 'actual risks to financial stability'
The decision to negatively affect banks and their balance sheets
Budget adopts 15 thousand pounds for customs dollar
The cabinet reshuffle kept Mohamed Al-Jadaan as Finance Minister
Companies planning salary increases to offset inflation, retain talents
“Expect interest rates to rise again during upcoming meetings.”
Jerome Powell also speaking
"National Day anniversary comes as we continue march towards development"
"Trade exchange between the two countries grew by 57.4%"
Giorgia Meloni could become first woman to hold premiership
It approved increasing percentage of cash reserves that banks need to keep
The Saudi economy is stronger than ever
Visa reforms and low taxes are among factors attracting young Arabs
“Small depositors must be fully protected"
Wall Street dips, investors try to absorb effects of an interest rate hike
Rates to rise until the level of funds reaches the "final price"
Contribution of tourism, retail, largest among other sectors
Since Musk spoke to the social media company’s team in June
An increasing numbers of women becoming entrepreneurs
MPs meets again on Monday to decide on the draft budget for 2022
“We will not let this high inflation create a permanent problem.”
Dubai to also commemorate the occasion with events across the city
The Dubai PMI rose to a new three-year high in August
IMF: Negotiations with Egypt are in very advanced stages
A crucial Thursday meeting awaits BoE and Japan central bank
Inflation in Saudi Arabia is within reasonable levels
Visit included signing of several MOUs between the two countries
Georgieva: “Let’s recognize it’s a matter of internal political constraints”
There are 67,900 millionaires in Dubai
A flexible office environment can better align employee needs, business goals
Meat and poultry prices rose 6.7%
"The Eurozone and the UK both expected to enter a recession"
Initiative will enable startups to compete in local, global markets
Emirati workforce doubled to 6% of total MAF's employees in the UAE
Officials from the Fed will meet on Tuesday and Wednesday
Credit quality of rated UAE real estate companies to remain stable
Cabinet approved licensing of first electric clean energy cargo aircraft in region
Initiative is dedicated to empowering women entrepreneurs across the globe
Job creation in August was fastest in a year
Powell: We are very committed to this project
King Charles the III addresses the nation today
"Inflation is likely to stay above target for an extended period”
"We are facing a global energy crisis... And these are no cost-free options"
Returning the inflation rate to 2% is the “first task” of the Fed
Economic growth is due to the significant increase in oil activities
“The Fund”: a decrease of about 20% in the direct share of oil in the GDP
"Egypt working hard to increase foreign direct investment"
Fitch: A recession in the euro area is likely as gas crisis worsens
She vowed to keep her election promises, boost economic growth
The Fund's assets totaled $18.4 bln in 2021
Total new orders rose at the fastest pace since October
Future sentiment drops to its lowest level in 17 months
August inflation figures expected for release in first half of this month
Companies continued pace of recruitment
The Lebanese president refused on Wednesday to sign the bill
Water, electricity, gas costs jumped 460% in one year
Driven by strong exports as well as domestic and foreign demand
Kingdom quickly recovered from pandemic-induced recession
After a long struggle with a serious illness
Under the slogan "Inspiring Reality .. Sustainable Future”
Simplify the experience and lower the cost
A decline of initial claims for state unemployment benefits
Up to 750,000 Egyptians looking at one-way trip home
The government announced refusal to lift subsidies on bread
With Omicron's return, the Ukraine war, inflation, and interest rate hikes
Double-digit unemployment could be aggravated
Producer prices increased by 40.7 percent in Q2
Poll: The Fed will raise interest rates by 50 basis points in September
Proposed solutions will not avoid a recession soon to show signs of stagnation
Country's exposure to GCC countries exceeded $25.9 bn
Digital financial services market to exceed $10 trn in 5 years
Oil and gas revenues jumped by 67% in H1
Sisi names Hassan Abdullah as caretaker governor of the CBE
Lira fell to 18.15 to the dollar, its lowest level since Dec. 20
Led by a 28 percent drop in the value of technology stock holdings
'Little evidence' that US inflation pressures are easing
The day before the bank meets to make a decision on interest
BOE: High energy prices in Europe are the main driver behind inflation
Inflation will remain at 2.8 percent level in 2022
Based on economic data that showed lackluster momentum
"Fitch" expects 300 basis points rise in upcoming meetings
In June, the general budget deficit amounted to 31 bn liras
Important surplus in budget first since 2013
F&B prices, transportation costs were the primary causes of rising inflation
Driven by drop in household spend, winding-down of Covid-related services
Not possible for oil sector to be in isolation from overall energy sources
Price of gasoline has gone down considerably
Inflation reached 13.6% in July, compared to 13.2% in June
Inflation is expected to decline to 8.7%.
Intense competition pressures Saudi’s underwriting results
Surplus amounted to AED 36.4 bn in Q1
Foreign investment licenses increased by 674 percent yoy
Inflation expected to peak at over 13%
The two sides also discussed ways to combat terrorist financing
Keeping the upward trend going while adamantly maintaining interest
The BoE is expected to raise interest rates the most since 1995
Despite rising inflationary pressures
Taiwan manufactures about 50 percent of the world's semiconductors
Worst-case scenario would be to reduce growth to 2% by 2023
Strategy aims to support partnerships between investors
Capital Economics: Currency to drop to 21 pounds/dollar by end 2022
Concern about pledges of premiership candidate to cut taxes
Oil activities lead GDP growth by 11.8% in Q2
It has broad implications for Americans and the global economy
GDP shrank 0.9 percent in the second quarter
The Fund downgraded Egypt's real GDP forecast to 4.8%
"I don't think the economy is in a recession at the moment"
Expected increases in hunger and food insecurity by the end of 2022
In MENA, travel spending showed the biggest growth
Growth is slowing from 6.1% in 2021 to 3.2% this year
Current annual trade volume between UK, GCC amounts to $40 bn
Their first televised debate
Egypt, Saudi, and Turkey have shown interest in joining the group
Investors keeping an eye on this week's GDP figures
Driven by the increase in food and beverage prices
Volume of TPI purchases depends on severity of the policy transition risk
Economy, GDP, boosted by utilities sector and mega construction projects
Inflationary pressures in the GCC countries lower than rest of the world
Raising the euro area out of negative interest for first time in 8 years
Guidelines are the latest in a series of initiatives to govern gold trade
Stock markets fell, yield margin on Italian bonds widened
Completing economic recovery plan, starting new sustainable phase
Real GDP increased by 8.2% in Q1 of 2022
Johnson: Whoever wins will take on the role of ' household cleaning'
A fifth and final vote for Conservative MPs will be held today, Wednesday
As part of the country's plans to localize many jobs
Supported by large fixed stock of oil reserves, stable financial system
Ministry aims to reduce the percentage of fines or violations against customers
This might have a negative impact on the Kuwaiti economy
Finland's Olli Rehn likely to raise rates by 25 basis points
"FDI inflows reflect the growing investor confidence in Dubai"
Opportunity to strengthen long-term strategic partnership between the two
OBG: “Qatar continuing to roll out labor reforms”
Saudi Crown Prince: Unrealistic energy policies lead to inflation
Saudi, US sign 18 agreements and cooperation memoranda
The Crown Prince and the US President shake hands with fists
In energy, space, advanced technology, and infrastructure
Participants may not issue closing statement
Investments aim to address food insecurity in South Asia, the Middle East
Fixing the economics of online grocery is a priority for quick commerce
Food and beverage segment has the greatest impact
“Economic diversification a fundamental strategic necessity”
Senate confirms Michael Barr Vice Chairman of the Reserve
Seasonally adjusted disguised unemployment rose to 22.4%
IMF: Expectations of further deterioration
Above the 8.8 percent Dow Jones estimate
Company blamed it on the uncertain global economic picture
The role of social media is increasingly growing in the retail sector
Progress marks the second-largest gender gap yet to close
New orders rose sharply at the end of the first half
It is expected to rise to 8.8%, the highest level since 1981
The world will soon have 8 billion people
It recorded the highest rise in inflation rates among the GCC
The second benefit package was announced during Eid Al Adha
Current index rose 13.01 points compared to 2021
The currency rose 0.5% against the dollar
Saudi, UAE made attracting FDI a mainstay in development plans
External support is required to avoid uncontrolled currency depreciation
Where do we draw the line on easy consumption?
Britain's economy under pressure from high inflation levels
Compared to other global technology hubs like London, Berlin
Over 71 million are pushed into poverty in just 3 months
Move to promote national economy's status in various global markets
The leverage rate is expected to rise by 11.3 percentage points
The Sultanate will repay a financing loan before its due date
"A longer-lasting tightening would complicate the global economic outlook"
Expect a new rate hike of 50 or 75 basis points in July
It registered a slight MoM increase of 0.01 percent
“We want to be one of the top 10 countries globally to attract FDI"
Appointment made at first Board meeting since Salik went public
2023 Dubai World Cup to be held on March 25
"Inflation in Europe and the US could reach 8 percent"
S&P: Upturn underlined by a robust increase in new business levels
Input costs in the non-oil sector rose sharply in June
Allocations targeted several sectors including food and unemployment
Emirates National Bank expects government to use oil revenues to reduce debt
The pound hits its lowest level in over 5 years
The objective is to inspire high school pupils to excel
Royal orders included the appointment of two deputy governors of SAMA
Will Bitcoin become a store of value after this discovery?
The headline inflation rate came in at 8.6 percent
Yazbeck to succeed Sayed Hashish who served in the role since 2016
Emerging markets face high external financing needs
IIF: impact of tightening US monetary conditions on Gulf banks limited
Islamic nations follow Saudi in observing Dhul-Hijjah's crescent
The meeting highlighted the need to implement additional legal support
Soon to announce a new tool to combat jumps in bond yields
S&P: Challenge is controlling inflation while avoiding stagnation
The state and central bank bear part of the responsibility
Companies Law facilitates establishment of organizations, encourages bold investment
International passenger traffic to continue pandemic recovery
Central bankers gather in Portugal for their annual conference
This is equivalent to 5.5% of the country's GDP
Intra-non-oil trade between two countries reached $13.3 bn in 2021
Fund recorded a positive return on investments of 10.4%
50% looked up the product online before going to the store to buy it
This is partly driven by the acquisition of stocks trading at a premium
Targets tackle climate change, health, equality, digital infrastructure
What about the role of the metaverse?
Finance Minister worried about further rate hikes
A 57% increase compared to the same period in 2021
Outward investments flows reached $22.5 billion
Trade exchange during 5 years amounted to about 103 billion riyals
He stressed the US Central Bank's commitment to "strongly" reducing inflation
Both sides to boost partnership in food security, health, and education
Audit is key demand before releasing funds
MENA's retail markets are valued at $1 trillion
The Fund expects the Kingdom's GDP to grow by 7.6% this year
The Saudi-Jordanian Fund is a leap in promoting joint investments
The state spent $62.6 billion via decrees over 10 years
47% reported tech issues at work increased their stress levels
63% of Middle East consumers still preferring shopping in-person
Total public expenditure decreased by 5.9 percent to OMR 12.2 bn
Under the slogan "Achieving Equality in Global Economic Recovery"
Trade exchange jumps 62% to $9.1 billion in 2021
The Turkish lira has lost 65 percent of its value since last September
Non-oil economy recorded a growth of 7.8% in the same period
Yellen doesn’t see a recession as inevitable
68% of companies are currently reviewing annual salary budget
Confidence in engineering a "safe landing" has diminished
It raised its forecast for peak inflation this year to just above 11%.
The employee stole an amount of KD 68,000
The last time interest rates were breached by 1% was in 2009
The unemployment rate is expected at 3.7 percent by end 2022
Egypt plans $10 million worth of investments
Upon shocking emergency meeting to address rising borrowing costs
101 deals to create 5,800 new jobs in the domestic economy
The European Fear Scale has reached its highest level since 2020
Conventional mortgage grew by 2.7%
Blame the increase in food, beverage, and transportation prices by 4.2%
90% said that adopting CSR will have positive effect on businesses
This is likely to reflect a higher average income across the country
MEW claimed lion's share with contracts valued at $353.7 mn
If approved, increase will be the largest since 1994
Expect 50 basis points at the Fed meeting
IMF to open a representative office in Beirut
Yellen says the US is experiencing "unacceptable levels of inflation"
FDI inflow to GCC economies soar to $44 bn in 2021
Qatar's contribution to France's GDP increased to 3.07 bn euros
FDI rebounded to nearly $1.6 tn last year
Categories like cereals, breads, oil, and fats saw a major price rise
The highest employment index reading since December 2021
Brands must re-imagine digital-first experiences that engage customers
1.2 percentage points higher than expected at the beginning of this year
"The government is able to control public finances and financial sustainability"
Results coming from a significant increase in oil activities
Pablo Martinez to succeed Joerg Hildebrandt who led the company for 11 years
Turkey says inflation will eventually taper off
A strong jump of 8% in oil economy in 2022
Visas aim to attract talents, investors
IMF to reject plan that does not receive overwhelming domestic support
Arab tourists to exceed 2 million in the summer season
He ordered pausing all hiring worldwide
Long-term strategy to address demographic imbalances in the country
This would help create some 600,000 technology jobs
S&P: UAE’s economy"continues to recover strongly from the pandemic
The kingdom could make $400 billion from oil industry this year
Forecasts of rating downgrades, impact on GDP
Many investors are showing interest in setting up investments in Egypt
The initiative aims to mitigate the economic fallout of the pandemic
The Open Committee meets on June 15, to approve 50 basis points increase
Growing Arab interest in evaluating the process of issuing CBDCs
S&P: The emirate's growth to accelerate over 5% in 2022
Can vertical farming help relieve reliance on food imports?
51% of legal decision-makers describe sudden changes as “challenging”
The country plans fintech licensing soon
This will increase wheat, corn production to 30 million tons per year
Continued bleeding of the Central Bank's reserves in foreign currencies
Dubai attracted FDI worth AED 50.9 billion from 2017 to 2021
Other plans include increasing industrial exports to reach $30 bln
Women will improve the economic prosperity of Saudi
Majority of UAE consumers check at least 3 sources before buying
FDI from privatization are projected at $10 billion annually over 4 years
"We hope this will bring many opportunities to the UK, Qatar in the future"
Replacing expat labor preserves demographic make-up
Azour: GCC countries do not suffer from high prices like other countries
Compared to 1.9% in the previous FY
The Saudi wave will push all the ships in the region with it
The war in Ukraine likely a driving factor towards an economic slump
The UAE introduces a new private sector company classification system
"We are at a final stages of designing our fiscal sustainability policy"
There was a big shake-up at the UAE Ministry of Education
Portugal, which started its program in 2012, remains the most popular
Jerome Powell was sworn in for his second term
"We are very proud of the development, reform, and progress we made so far"
The IMF does not expect a global recession
MoU will increase the sector’s contribution to the national economy
Inflation expected to reach 17% in August
Vision 2030 media coverage grew by 74% since 2020
UAE engineering employers finding it difficult to recruit new staff
Cairo launches today the National Climate Change Strategy 2050
2,500 leaders and experts gather to reconnect and share ideas
Kingdom's oil production reached 10.35 million bpd in April
Dubai issues over 32K licences since August 2017
Rules out larger increase of 75 basis points at the next meeting
“HC”: Inflation figures for April higher than estimates
Budget supported by high oil prices
Central Bank Governor: This will reflect on the UAE progress and prosperity
The issuance of two tranches was valued at AED 1.5 billion
First auction of dirham treasury bonds oversubscribed 6.3 times
Cepa will encourage trade by reducing custom tariffs by 90 percent
Heavy penalties imposed if private firms do not meet the Emiratisation criteria
Total capital flows of FDI projects exceeded 26 billion dirhams in 2021
Analysts expect the Fed's monetary policy to lead to a "bear market"
Soaring energy, material prices led to great increases in production input costs
Rising commodity prices and global inflation fears pressure sales
Expects highest growth in Saudi in 11 years
Inflation reached very high levels, 7.5 percent last month
Saudi registers a domestic product of $833.5 billion
Johnson incurs losses in elections due to high cost of living
About 11% of all goods shipped worldwide are stuck in traffic
Gulf countries expected to grow their economies, IMF says
Say Goodbye to cheap money secured by quantitative easing policies
Inflation expected to recede as of May
Governments are working on their integration into the labor market
Biggest increase since Alan Greenspan's tenure
Emirates NBD: The hydrocarbon sector to boost current account, budget balances
The Kingdom announces a growth of 9.6% during Q1
Federal Open Market Committee raises interest rates by 50 basis points today
Consumer spending in retail stores increased by 14 percent in Q1
How is the region preparing for this?
The drop in production paints a misleading picture of the economy
What will spending and tourist destinations look like for the holiday?
Saudi economy expected to grow at 6.3 percent
Extending the contract until at least 2036
Investors' concerns about global growth
"Important progress in the UAE and Saudi Arabia from countries in the Middle East"
Powell: An interest rate increase of 0.5% at the Fed meeting in May
Bonds valued at 1.5 billion dirhams
An average of $110 per barrel of oil is expected in the second quarter of 2022
Lowered global economic growth to 3.6% for 2022 and 2023, down from 6% in 2021
Temporary higher taxes on excess profits could be envisaged.
S&P's: Le Pen's presidency threatens prospects for French banks
Non-oil contribution to GDP reaches 72.3 percent in 2021
Country enhancing position as ideal destination to live, work and invest
The financial institution downgraded its growth outlooks for 143 economies
PWC expects the sports sector in the Middle East to grow by 8.7 percent
SAMA reserves to rebound above $500 billion in 2022-2023
The crisis will reduce global GDP growth to 2.8 percent
UN: War likely to increase debt distress and hunger in developing countries
Performance linked to the Expo 2020, relaxed pandemic measures
Inflation rose to 12.1 percent in March
Mohammed Bin Rashid: Future is promising, and the best is yet to come
Contracts industry rose to 78 percent in 2021
S&P Global Saudi PMI rose to 56.8 in March
$300 million to support the UN humanitarian program in Yemen
Summit lays the groundwork for responsible, sustainable future economies
The emirate’s economy recovered from the pandemic’s repercussions
First such outflows since March 2021
Gulf countries support Egypt with 22 billion dollars
Mastercard to connect 25 million women to digital economy by 2025
73.5 percent of the private companies established new business partnerships
Oil production in the Sultanate to reach 1.040 million bpd in 2022
Economic sectors account for 52 percent of discussions
Governments and private sectors reduce working hours
Grand Finale... Record number of visitors and biggest deals
Dubai Crown Prince meets with ”Forbes 30 under 30”
Egypt is facing new financial pressures related to the war in Ukraine
The current circumstances require new ideas
100 innovative ideas, business opportunities across the world
The virtual trade corridor will simplify and facilitate cross-border trade
The region's net consumer confidence increasing 0.7 percent
The sector is expected to grow by about 20% in 2022
Confirmation of food reserves for at least six months
Increase in sales, decline in productivity
The measure aims to deal with the repercussions of the Russian-Ukrainian crisis
Budget surplus forecast as oil global prices soar
Sanctions driving central banks and investors to reassess the dollar
This is attributed to the 4.3% increase in transportation prices
An integrated financial institution towards achieving "Vision 2030"
Inflationary pressures were already expected
UAE leading reform in the region and globally. Saudi advancing vision 2030
Gulf countries enacted legislation to remove obstacles that held women back
Omicron has had only a minor impact on the economy
Saudi first in the Arab world and 18th globally with reserves of 310.3 tons
In February, Emerging market securities attracted $17.6 billion
Anticipation of an economic contribution reaching $186.6 million
Dubai Ruler: independence from oil reaching sustainable levels
Corona created tons of excess medical waste
SMEs among the most important drivers of economic growth
The event is back with a content-led and thought-provoking edition this March
This year, the deficit is expected to reach 5% of GDP
Expectations to raise non-oil infrastructure trade to more than $100 billion
The number of Saudis in the labor market reached over 1.9 million
Azour: Investments needed in renewable energy and economic diversification
Saudi expects an inflation rate of 1.3% in 2022, and 2% in 2023 and 2024
Transfer part of Saudi's long-term strategy to restructure its economy
UAE enters the next 50 by being at the forefront of global economies
UNCTAD: Global FDI flows surged 77% in 2021
The fund's assets increased to $412 billion in 2020 from $152 billion in 2015
Both parties will jointly study economic areas such as investments in AI
A study looks at how effective is UAE's new shorter working week
To which extent interest rates will rise? How quickly will the Fed react?
The agreement consolidates efforts to host Investopia summit
What are the major market indicators influencing interest rates?
Higher oil production to boost overall GCC economic growth in 2021
Stabilizing inflation among institution's main goals
ECB still buying govt bonds, corporate securities
Region faces balancing act between COVID-19 battle and economic growth
Dubai saves AED1,3B and 14M working hours with new policy
Economy
According to Saxo Bank's Q4 forecast