Economy

Fed trying to curb inflation, but won’t prevent a recession

Federal Open Market Committee raises interest rates by 50 basis points today

UAE’s retail sector booming in 2022

Consumer spending in retail stores increased by 14 percent in Q1

The US economy is contracting for the 1st time since COVID

The drop in production paints a misleading picture of the economy  

Deloitte: 19.7% of board seats held by women

"Important progress in the UAE and Saudi Arabia from countries in the Middle East"

The Federal Reserve admits mistake regarding inflation: We must act quickly

Powell: An interest rate increase of 0.5% at the Fed meeting in May

JP Morgan to investors via Economy Middle East: Diversify your portfolios

An average of $110 per barrel of oil is expected in the second quarter of 2022

Saudi, UAE’s growth outlook boosted by IMF

Lowered global economic growth to 3.6% for 2022 and 2023, down from 6% in 2021

IMF: Debt burden could hold growth back in developed countries

Temporary higher taxes on excess profits could be envisaged.

France’s elections: Will the economy re-elect Macron and drop Le Pen’s bid?

S&P's: Le Pen's presidency threatens prospects for French banks

UAE’s non-oil sector makes a significant contribution to the GDP

Non-oil contribution to GDP reaches 72.3 percent in 2021

The UAE approves a new system for residency and entry visas

Country enhancing position as ideal destination to live, work and invest

IMF will cut its global growth estimates

The financial institution downgraded its growth outlooks for 143 economies

Sports: From “hobby” to key Gulf diversification strategy  

PWC expects the sports sector in the Middle East to grow by 8.7 percent

Fitch revises outlook on Saudi to positive; affirms at ‘A’

SAMA reserves to rebound above $500 billion in 2022-2023

Crisis in Ukraine could slash global trade growth by half in 2022

The crisis will reduce global GDP growth to 2.8 percent

UAE addressing the startup gender gap

Directory launched for women-founded businesses

Large financial gap, a setback for sustainable development

UN: War likely to increase debt distress and hunger in developing countries