Economy

Saudi Arabia’s GDP up 1.3 percent in 2024, driven by non-oil sector growth

The growth stemmed from a 4.3 percent rise in non-oil and a 2.6 percent increase in government activities.

ADQ drives Abu Dhabi’s growth amid critical infrastructure, supply chains expansion

Sheikh Tahnoon commended ADQ’s contributions to building global business platforms, focusing on critical infrastructure and supply chains to drive growth

Dubai ranks world’s top greenfield FDI destination, attracts $14.24 billion in 2024

Total estimated FDI capital surges by 33.2 percent, the highest single-year value recorded since 2020

UAE’s insurance sector to grow 20 percent in 2025: S&P

Leading UAE insurance firms invest heavily in automation and digital transformation to enhance efficiency and competitiveness

Sheikh Khaled attends first Majlis Mohamed bin Zayed Ramadan session, titled ‘The Future of Finance in the Age of Intelligence’

The session examined the ways in which artificial intelligence is revolutionizing the banking landscape

Fifth edition of Investopia to take place in Abu Dhabi from March 31 to April 2, 2026

H.E. Al Marri: The 4th Investopia edition successfully opened new global investment opportunities in emerging sectors

UAE, Central African Republic CEPA to boost trade beyond $1 billion: Zeyoudi

Non-oil trade between the UAE and the Central African Republic reached over AED925 million in 2024

U.S. President Trump delays some tariffs on Mexico, Canada

Trump’s tariff plans have caused the stock market to sink and alarmed U.S. consumers

European Central Bank lowers interest rate again, keeps door open for more easing

ECB cut its deposit rate to 2.5 percent, citing slowing growth and declining inflation

Türkiye lowers interest rate to 42.5 percent as inflation eases

The bank’s monetary policy committee decreased its headline lending rate by 250 basis points on March 6

Ras Al Khaimah’s $1 billion sukuk draws high demand, oversubscribed 4.4 times

The government has tapped the international debt capital market after 10 years

Oman’s inflation rate averaged 1.4 percent between 2021 and 2024

The average GDP growth rate at constant prices was 3.9 percent from 2021 to 2023

talabat acquires instashop from Delivery Hero for $32 million

Instashop will continue to operate as an independent brand within talabat’s grocery and retail vertical

UAE leads as GCC foreign inflows cross $60 billion milestone

Year-on-year, foreign inflows have more than doubled from $890 million in February

Saudi Arabia’s non-profit sector adds over $26.7 billion to economy in new record

The sector's rapid growth is on track to reach 5 percent of GDP two years ahead of schedule

UAE’s real GDP grows 3.8 percent in 9M 2024, non-oil sector’s contributions hit 74.6 percent

Growth was driven by a strong expansion in non-oil sectors, which grew by 4.5 percent to AED987 billion

Saudi Arabia approves launch of Investment Marketing Authority to support growth in key sectors

Authority will bolster Saudi Arabia's investment landscape and aims to consolidate the Kingdom’s position as a world-class investment hub

Egypt’s foreign reserves soar to $47.39 billion in February

Gold holdings in foreign currency reserves reached approximately $11.851 billion in February, up from $11.416 billion

Who is Adrian Orr, New Zealand’s Central Bank governor who suddenly resigned?

Deputy Governor Christian Hawkesby will act as Governor until Orr's departure on March 31

84 percent of women in UAE considering starting their own business, research shows

98 percent of women entrepreneurs expecting revenue growth over the next five years

UAE’s non-oil sector sees steady growth in February as output, new orders rise: PMI

The UAE's PMI stayed at 55.0 in February, signaling a sharp improvement in the health of the non-oil economy

China, Canada strike back at Trump’s tariffs: Is Mexico next?

If the tariffs stay in place, Mexico plans to announce countermeasures, including retaliatory tariffs, on Sunday

Muted price pressures support Egypt’s non-oil sector expansion in February, says PMI

Egypt's PMI declined from a 50-month high of 50.7 in January to 50.1 in February

Workforce planning: Strategies for a resilient and agile workforce

Companies must align workforce planning systems with business targets to ensure optimal harmony and effectiveness