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Economy
Economy
Qatar’s non-oil private sector posts robust growth with 53.6 PMI in May
Output and new orders increased at the fastest rates since Q3 2023
Economy
Dubai tops global list for FDI in cultural, creative industries with $3.2 billion inflows in 2023
An estimated 21,563 new job opportunities were created through FDI in the sector in 2023
Economy
Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report
The growth rates exceeded those of the post-COVID recovery in mid-2020
Economy
Dubai launches corporate governance manual for government entities
Manual to boost Dubai's institutional performance, foster transparency and ensure accountability
Economy
Dubai invests over $844 million in Senegal over 13 years: CEO of Dubai Chambers
These investments have created more than 1,200 jobs in the Senegalese market
Economy
Egypt targets $30 billion in foreign direct investment in 2024/25 budget
The country's general budget indicators show that total revenues are expected to be EGP2.6 trillion
Economy
UAE to become regional hub for low-carbon aviation fuel: Minister of Economy
New roadmap sets goal to produce up to 700 million litres of low-carbon fuel annually by 2030
Banking & Finance
Sheikh Mansour bin Zayed approves system for licensing stable cryptocurrencies
Board meeting also approves a series of policies that aim to support the banking and insurance sectors
Economy
MENA investments likely to rise as interest rates decline in 2024, boosting IPOs and M&A deals: Report
UAE and Saudi Arabia's startups to continue taking center stage in dealmaking this year
Bahrain
Bahrain’s women empowerment index rises 30.6 percent since 2018, 50 percent surge in workplace and pension indicators: Report
The Kingdom achieved a full 100 score on expert opinions related to women starting and running a business
Economy
Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending
The pound devaluation and foreign investments alleviated the country’s currency crisis
Economy
Türkiye’s soaring 75.45 percent inflation rate reaches peak in May, Central Bank expects slowdown
Inflation would start to decelerate in June after reaching its maximum in May, Central Bank governor said
Economy
UAE’s non-oil sector to expand 3.2 percent in 2024: World Bank
UAE's GDP real growth is projected to accelerate to 3.9 percent in 2024
Economy
Türkiye’s robust domestic demand drives 5.7 percent Q1 2024 growth
The country is heading towards more balanced and sustainable growth this year, says Finance Minister
Economy
UAE, China ink 19 agreements in key sectors to boost investments, collaboration
UAE's non-oil trade with China reached a staggering $81 billion in 2023
Economy
ADGM publishes consultation paper on revamp of property regulations
The consultation paper is open for feedback until June 19, 2024
Economy
UAE: Petrol, diesel prices for June 2024 announced
Petrol prices have reduced for the first time in June after rising month-on-month since February
Economy
UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister
The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022
Banking & Finance
UAE, Qatar sign double taxation avoidance agreement
The UAE has signed 146 double taxation avoidance agreements to date
Economy
GCC economic growth to rebound to 2.8 percent in 2024, 4.7 percent in 2025: World Bank
Oil production remains crucial in shaping the GCC region's fiscal and external balances
Economy
Etihad Credit Insurance’s ‘Xport Xponential’ initiative to boost UAE exports
Xport Xponential offers beneficiaries comprehensive credit facilities, innovative financial solutions
Economy
Middle East is fastest growing real-time payments market, transactions to reach 3 billion by 2028: Report
Bahrain tops region with real-time payments making up nearly 50 percent of the total payment volume
Economy
Oman’s e-commerce market value reaches $2.2 billion in 2023
Oman's e-commerce market is expected to grow to $3.327 billion by 2027
Economy
Global economy to strengthen this year, but growth uneven: World Economic Forum report
Over two-thirds of chief economists predict a sustained rebound of global economic growth
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