Economy

Egypt’s trade deficit declines to $36.9 billion in 2023

Merchandise imports fell by 14 percent last year to $72.54 billion

OECD raises global growth outlook to 2.9 percent in 2024

Shipping and energy supply disruption are currently the most threatening factors to the global economy

Saudi Arabia achieves $16 billion budget surplus in Q4 2023

Due to 40.7 percent YoY decline in government expenditures

Saudi Arabia maintains A++ rating with stable outlook: Fitch

Classification reflects Kingdom's robust external financial strength

Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities

Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector

Saudi Arabia’s non-oil sector grows, PMI records 55.4 in January

Economic expansion continues amid inflationary pressures and supply chain risks

CBE launches $1 billion treasury bills

One-year treasury bills aim to attract investors despite rising global rates

Federal Reserve to cut interest rates three times this year

Strong labor market and decreasing inflation rates support Fed's decision

SEF 2024: Invest in Sharjah, SAEED highlight Sharjah’s investment opportunities

Two key players share a joint commitment to empower startups and entrepreneurs

Egypt dollar bonds jump as IMF studies potential $10 billion assistance package

Positive developments in economic reform talks propel Egypt's sovereign bonds

IMF grants $4.7 billion to Argentina for restoring macroeconomic stability

Total disbursements reach approximately $40.6 billion under IMF arrangement

CBE raises interest rates by 200 basis points: Is a currency devaluation on the horizon?

Gap widened between Egyptian pound's official and parallel markets rates

UAE emerges as premier choice for global workers seeking visas

Country's diverse and multicultural workforce is its greatest asset 

Egypt, IMF reach preliminary agreement to revise loan terms

Preliminary agreement sets stage for economic reforms and growth

Saudi Arabia reveals FDI inflow of $4.53 billion in Q3 of 2023

New FDI methodology aligns with the IMF's standards

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023

Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP

Global M&A market falls to $3.2 trillion in 2023

Middle East resilience boosts potential in 2024

DIEZ approves Dubai Integrated Economic Zones strategy for 2024-2026

Strengthening Dubai's position as a leading regional and global destination for investment