Economy
The IMF expects growth to strengthen by 4.2 percent in 2025
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
International reserves increase to $40.361 billion from $35.311 billion in February
Prices of food and non-alcoholic beverages group saw a significant rise of 3.4 percent
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
Sectors such as finance, property development and tourism continue to drive the UAE's non-oil economy
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023
The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies
The report predicts an 18.1 percent average annual headline inflation rate
Agreement expected to contribute $46 million annually to the UAE's GDP
Investments to encompass agriculture, mining, information technology, and aviation
Egypt further plans to sell more state assets, which would reduce the state's role in the economy
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Rental prices drive Saudi Arabia's annual inflation increase in March
Financial independence emerges as a key incentive for women returners in Saudi Arabia
The CPI reached 106.67 points in March
The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025
How International Financial Institutions (IFIs) can help countries navigate economic challenges
Sustained oil output, growing non-oil investments key to healthy economy
How innovative resource management can promote sustainable urban development
This represents an increase from $35 billion in the previous year
UK leaves borrowing costs unchanged at 5.25 percent despite fall in annual inflation
