Economy

Fed likely to increase interest rates by 75 basis points tomorrow

If approved, increase will be the largest since 1994

“Fund” soon in Beirut, as government, banks intensify battle

IMF to open a representative office in Beirut 

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

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