Economy

Fed likely to increase interest rates by 75 basis points tomorrow

If approved, increase will be the largest since 1994

US inflation beats expectations, hits a new 40-year high in May

Yellen says the US is experiencing "unacceptable levels of inflation"

FDI in Bahrain increased to $1.76 bn in 2021

FDI inflow to GCC economies soar to $44 bn in 2021

Qatar invests over $26.7 bn in France in sports, real estate

Qatar's contribution to France's GDP increased to 3.07 bn euros

UNCTAD: Global FDI may decline or remain flat in 2022

FDI rebounded to nearly $1.6 tn last year

Egypt’s inflation quickens 13.5% in May on food price rise, devaluation

Categories like cereals, breads, oil, and fats saw a major price rise

Dubai’s PMI reached in May its highest level in three years

The highest employment index reading since December 2021

Customer-brand relationship re-established as in-person interaction re-emerges

Brands must re-imagine digital-first experiences that engage customers

WB: GCC countries will achieve 5.9% growth in 2022- Exclusive

1.2 percentage points higher than expected at the beginning of this year

Moody’s affirms Saudi’s credit rating at A1 with a stable outlook

"The government is able to control public finances and financial sustainability"

Growth in Saudi exceeds expectations, achieves 9.9% in Q1

Results coming from a significant increase in oil activities

Boston Consulting Group appoints new head to its Middle East operations

Pablo Martinez to succeed Joerg Hildebrandt who led the company for 11 years

What’s 1 Turkish Lira going to buy you today? Almost nothing

Turkey says inflation will eventually taper off

UAE Central Bank expects growth of 5.4% this year

A strong jump of 8% in oil economy in 2022

Lebanon’s recovery plan will not see the light of day

IMF to reject plan that does not receive overwhelming domestic support

School year is ending: Will that impact Gulf economies?

Arab tourists to exceed 2 million in the summer season

Kuwait to address demographic imbalance in the country

Long-term strategy to address demographic imbalances in the country

Tech jobs in the GCC may add $225bn to GDP by 2030

This would help create some 600,000 technology jobs

UAE non-oil private sector grows strongly despite inflationary pressure

S&P: UAE’s economy"continues to recover strongly from the pandemic