Economy

Inflation in Oman up 0.2 percent in March on rising food prices

Inflation in Oman up 0.2 percent in March on rising food prices

Prices of food and non-alcoholic beverages group saw a significant rise of 3.4 percent

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years

Global Ventures’ Dr. Tariq Bin Hendi on key sectors shaping UAE’s economy

Global Ventures’ Dr. Tariq Bin Hendi on key sectors shaping UAE’s economy

Sectors such as finance, property development and tourism continue to drive the UAE's non-oil economy

Egypt to ensure foreign currency availability through maintaining flexible exchange rate

Egypt to ensure foreign currency availability through maintaining flexible exchange rate

This represents a key condition for Egypt's $8 billion loan program signed with the IMF

Private sector employment in Saudi Arabia sees record growth in Q4 2023, surpassing 11.2 million employees

Private sector employment in Saudi Arabia sees record growth in Q4 2023, surpassing 11.2 million employees

The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

Egypt’s GDP expected to reach 4 percent in FY 2024/2025: Ministry of Finance report

Egypt’s GDP expected to reach 4 percent in FY 2024/2025: Ministry of Finance report

The report predicts an 18.1 percent average annual headline inflation rate

UAE, Costa Rica sign CEPA deal to develop sustainable economies, trade

UAE, Costa Rica sign CEPA deal to develop sustainable economies, trade

Agreement expected to contribute $46 million annually to the UAE's GDP

Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan

Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan

Investments to encompass agriculture, mining, information technology, and aviation

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt further plans to sell more state assets, which would reduce the state's role in the economy

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

Saudi Arabia’s inflation slows to 1.6 percent in March: Report

Saudi Arabia’s inflation slows to 1.6 percent in March: Report

Rental prices drive Saudi Arabia's annual inflation increase in March

Only 40 percent of Saudi women are likely to return to work after a break: PwC report

Only 40 percent of Saudi women are likely to return to work after a break: PwC report

Financial independence emerges as a key incentive for women returners in Saudi Arabia

Qatar’s inflation drops 1.4 percent in March on lower food and beverage prices

Qatar’s inflation drops 1.4 percent in March on lower food and beverage prices

The CPI reached 106.67 points in March

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025

IMF’s executive director Dr. Mahmoud Mohieldin on fund’s pivotal role in shaping the future of the global economy

IMF’s executive director Dr. Mahmoud Mohieldin on fund’s pivotal role in shaping the future of the global economy

How International Financial Institutions (IFIs) can help countries navigate economic challenges

ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans

ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans

Sustained oil output, growing non-oil investments key to healthy economy

Integrating circular economy principles into the smart city landscape

Integrating circular economy principles into the smart city landscape

How innovative resource management can promote sustainable urban development

Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023

Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023

This represents an increase from $35 billion in the previous year

Fixed-rate mortgages, high interest rates put economy at risk, IMF warns Bank of England

Fixed-rate mortgages, high interest rates put economy at risk, IMF warns Bank of England

UK leaves borrowing costs unchanged at 5.25 percent despite fall in annual inflation

Egypt’s inflation rate decelerates to 33.3 percent in March

Egypt’s inflation rate decelerates to 33.3 percent in March

Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February

Egypt to raise minimum wage for private-sector workers

Egypt to raise minimum wage for private-sector workers

The minimum wage increase reflects commitment to safeguarding workers' interests

India’s central bank holds interest rates steady as inflation persists

India’s central bank holds interest rates steady as inflation persists

Central bank emphasizes inflation targets as economy aims for stability

Bank of Japan may hike interest rates as yen hits two-week high

Bank of Japan may hike interest rates as yen hits two-week high

Japanese firms raise wages by 5.24 percent, the highest increase in 33 years