Economy

Investopia 2024 strengthens UAE-South Korea economic partnership across sectors

Two new MoUs signed by four UAE and South Korean institutions

Egypt’s inflation unexpectedly surges to 35.7 percent in February amid currency flotation

Sharp rise in food and beverage prices is key driver of inflation uptick

Dubai’s non-oil private sector records fastest growth in nearly 5 years

PMI data highlights strong performance and optimistic outlook for Dubai

Dubai’s DMCC now home to over 24,000 companies

A total of 2,692 new companies joined DMCC last year

Sharjah reports 4.1 percent increase in issued business licenses in 2023

Efforts to foster sustainable economic growth bolster Sharjah's appeal

RAKEZ supports growth of over 21,000 companies from 100 countries

Attracting global attention and facilitating cross-border collaboration

Bahrain’s Golden License attracts $2.4 billion in investment and 3,000 jobs from nine projects

Bahrain's Golden License aims to drive business attraction and economic growth

Moody’s upgrades Egypt’s credit outlook to positive following successful IMF deal

The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1

Egypt’s pound strengthens following exchange rate policy shift, IMF deal

$8 billion IMF program boosts confidence amid economic reforms

Saudi Arabia’s National Development Fund signs partnership agreement with World Economic Forum

The partnership seeks to foster ties with diverse financial institutions and companies

The shifting landscape of investment: Navigating uncharted waters

Four scenarios paint potential pathways for profession over the next decade

Qatar’s non-energy business sector grows faster in February

PMI reveals sharper gains in output and employment in Qatar's non-energy sector

Saudi Arabia’s Crown Prince transfers another 8 percent of Aramco shares to PIF

The state's ownership of the Aramco's shares now stands at 82.186 percent

Ministry of Economy forum discusses trade via modern technology

Four sessions at the forum highlight opportunities and challenges for SMEs as digital trade and legal frameworks evolve

Saudi Arabia GDP 2023: Non-oil economy is key growth driver

Non-oil economy grew while overall real GDP contracted

Women in the business world: The uphill journey and myriad challenges

A look at the increasing presence of women in executive roles worldwide

IMF agrees to expand Egypt loan agreement by $5 billion

This $5 billion facility is subject to approval by the IMF Executive Board

Egypt raises interest rates, allows free trading of pound to spur GCC investments

Egypt's international bonds surged after CBE’s announcement

Egypt’s non-oil sector faces steepest contraction in over a year

PMI survey highlights deterioration in business activity, output and employment

Investor confidence high, UAE and Saudi Arabia set for gains this year: EFG Hermes official

Dependence on oil, high inflation rates and external debt are some challenges frontier and emerging markets in the MENA regions face

Qatar’s 2023 budget records surplus of $11.84 billion

Surplus directed towards debt reduction and central bank reserves

Saudi Arabia’s non-oil sector activity rises at the quickest rate in five months

Riyad Bank PMI shows encouraging signs despite lingering competitive pressures

Emirati Talent Competitiveness Council approves Nafis budget of $1.74 billion for 2024

The meeting also approved the 2024 Emiratisation targets for the private sector

UAE’s non-oil sector activity surges at fastest pace in nearly 5 years

Robust growth reported in February amid competitive pressures and shipping disruptions