Economy

Chinese automakers set to capture 33 percent global market share by 2030: Report

By 2030, Chinese brands are likely to be dominant force around the world, selling nine million units outside China

U.S. GDP growth revised upwards to 1.4 percent for Q1 2024, consumer spending slows

Real GDP increased 3.4 percent in the fourth quarter of 2023

Egypt fulfills $25 billion debt obligations, representing 7 percent of GDP: IIF

Egypt targets 3.5 percent primary surplus, 80 percent debt-to-GDP by 2027

Dubai Chamber of Commerce launches Colombian Business Council

The chamber is working to increase the number of country-specific business councils to help promote Dubai's foreign trade

Fitch affirms Abu Dhabi’s ‘AA’ rating with stable outlook

Abu Dhabi's non-oil activity will remain dynamic, growing 5 percent this year after a 9.1 percent expansion in 2023

Natural gas shortage drives 54 percent surge in Egyptian fertilizer prices

Month-on-month prices reached up to $416.57 per ton in June, compared to $270.83 per ton previously

Capital market, IPO reforms spur growth in GCC asset management industry: Report

According to the report, the regulatory regime pertaining to investment funds is evolving in the GCC

Surviving the sharing economy trend: Strategic moves for the hospitality industry

The sharing economy in travel has seen remarkable growth, reaching a market size of $10.7 billion in the GCC alone by 2024

UAE’s CEPA with Georgia comes into effect

The agreement is expected to more than triple the total value of non-oil trade between the two countries

Egypt’s PM Mostafa Madbouly targets $100 billion exports by 2030

The meeting emphasized on several ways to make Egyptian products more competitive and increase their market share

CEPA council seeks to boost trade ties between UAE and Odisha in India

Trade in sectors such as gems and jewellery, drugs and pharmaceuticals, and fruits and vegetables has jumped following the UAE-India CEPA

11 reasons UAE is the ideal hub to start a business

Unmatched advantages and incentives for business owners make UAE the perfect launch pad

Dubai Business Forum–China to promote investments, bilateral relations

Forum to support both China's 'Made in China 2025' roadmap and the Dubai Economic Agenda

Unleashing the power of tourism: The engine of UAE’s thriving economy

International tourist arrivals expected to increase by 17.3 million between 2024 and 2029

French investments in Egypt reach $7.2 billion through 940 companies, says PM Madbouly

France to host the Egyptian-French Business Forum to support and enhance Egyptian exports to France

UK startups raise $6.8 billion in venture capital funding in 2024, lead in GenAI sector in Europe

Deal volume in the UK during January-May 2024 was in line with the global trend

GCC’s 2024 growth forecast lowered to 2.2 percent on extended oil output cuts

ICAEW has also lowered its 2024 inflation forecast for the GCC region to 2.2 percent this year and 2.1 percent next year

Oman’s producer prices decline 1.7 percent in Q1 2024

Decline in crude oil and natural gas prices prompts 1.4 percent decline in Oman's mining and quarrying sector prices

U.S. proposes regulations to restrain investments in China’s AI, tech sector

The executive order directed the regulation of specific US investments in semiconductors and microelectronics, AI and quantum computing

UAE Central Bank revises inflation forecast downwards to 2.3 percent in 2024

Dubai's headline consumer price index inflation averaged 3.4 percent annually in Q1 of 2024

World Bank announces $700 million in financing for Egypt

The support aims to boost Egypt's private sector, fiscal resilience, and green growth

UAE ranks 2nd in global greenfield projects, attracts $30.688 billion in FDI

In 2023, the United States emerged as the primary source of greenfield FDI inflows into the UAE at $3.78 billion

Asia’s developing economies home to 60 percent of world’s mega projects: Report

Total deals in West Asia increased to 94 in 2023 from 50 in 2022, with values growing by 32 percent to $57 billion