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

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

Dubai launches corporate governance manual for government entities

Manual to boost Dubai's institutional performance, foster transparency and ensure accountability

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

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

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

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

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’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

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

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

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

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

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

ADGM publishes consultation paper on revamp of property regulations

The consultation paper is open for feedback until June 19, 2024

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

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

UAE, Qatar sign double taxation avoidance agreement

The UAE has signed 146 double taxation avoidance agreements to date

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

Etihad Credit Insurance’s ‘Xport Xponential’ initiative to boost UAE exports

Xport Xponential offers beneficiaries comprehensive credit facilities, innovative financial solutions

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

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

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