Economy

MAF plans to invest up to $1bn in Egypt over next 5 years

Many investors are showing interest in setting up investments in Egypt

Saudi exempts taxpayers from fines

The initiative aims to mitigate the economic fallout of the pandemic

Biden pledges to Fed chief freedom of action to confront inflation

The Open Committee meets on June 15,  to approve 50 basis points increase

Oman supports fintech technology services via digital currency

Growing Arab interest in evaluating the process of issuing CBDCs

The $30 billion food security question facing the GCC

Can vertical farming help relieve reliance on food imports?

Sudden regulatory changes bolster the region’s status as ideal business hub

51% of legal decision-makers describe sudden changes as “challenging”

UAE’s ADQ to allocate $10bn for investments with Egypt, Jordan

This will increase wheat, corn production to 30 million tons per year

The depositor in Lebanon a victim of special interests

Continued bleeding of the Central Bank's reserves in foreign currencies

Dubai ranks 1st regionally, 2nd globally in 2021 creative economy FDI projects

Dubai attracted FDI worth AED 50.9 billion from 2017 to 2021

Egypt to increase agricultural exports to $3.6 bln

Other plans include increasing industrial exports to reach $30 bln

Saudi: Investing in female workforce could generate $400 bln

Women will improve the economic prosperity of Saudi

78% of UAE shoppers research products but buy elsewhere

Majority of UAE consumers check at least 3 sources before buying

IIF lowers forecast for global growth

The institute expects strong growth in ME

Moody’s changes its outlook for Egypt to “negative”

FDI from privatization are projected at $10 billion annually over 4 years

Qatar to invest $12.5 billion in UK

"We hope this will bring many opportunities to the UK, Qatar in the future"

IMF: $1.4 trillion expected oil revenues for Gulf countries in 5 years

Azour: GCC countries do not suffer from high prices like other countries

Davos discusses future prospects of the Saudi economy

The Saudi wave will push all the ships in the region with it

Will there be a global recession?

The war in Ukraine likely a driving factor towards an economic slump

UAE: Non-compliant companies may pay up to AED 3,450 for work permits

The UAE introduces a new private sector company classification system  

Al-Jadaan: Saudi to cut VAT rate after replenishing reserves

"We are at a final stages of designing our fiscal sustainability policy"