Economy

Fitch revises Egypt’s outlook to positive on stronger FDI, reduced external financing risks

Egypt's GDP growth to slow to 3.1 percent in 2024 before accelerating to 4.7 percent in 2025

Saudi Arabia’s non-oil revenues rise 9 percent to $29.73 billion in Q1 2024: MoF

Saudi Arabia's total revenues saw a 4 percent annual increase to SAR293.433 billion

Egypt’s foreign currency reserves to surge by $16.2 billion in FY24/25: Report

The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026

Dubai maintains tourism growth momentum, welcomes 5.18 million tourists in Q1 2024

Dubai records an 11 percent year-on-year increase in international visitors from January to March 2024, with hotels achieving average occupancy of 83 percent

UAE’s non-oil sector sees strong upturn in business activity in April: PMI

Non-oil private sector firms indicated sustained growth in staffing numbers during April

Dubai: ATM 2024 begins, to host over 41,000 attendees, 2,300 exhibitors

The exhibition will explore the potential of China, India and Latin America as they emerge as key players in global tourism

Dubai Council set up to formulate future development agenda

Sheikh Mohammed bin Rashid Al Maktoum will be the chairman of the council

Retail tourism: How shopping drives economic activity

Dubai and Riyadh are notable global shopping destinations

Time for an upgrade: Revitalizing customer loyalty with innovative rewards programs

Earning and redeeming points just not enough in an ever-increasingly competitive market

Mohammed Al Naimi, CEO of ACT Group, optimistic about evolving business landscape in Saudi Arabia

Increasing competition, new technologies will help raise quality of products and services offered in the market

Türkiye inflation rises to 69.8 percent in April, highest since late 2022

Domestic producer price index increased annually to 55.66 percent in April

Egypt seeks investment boost from South Korea across key sectors

Egypt to implement incentive packages to attract investments in the industrial sector

Top industry visionaries and achievers honored at Economy Middle East Summit in Abu Dhabi

Organisations across key sectors receive recognition for leadership in an ever-evolving economy

OECD upgrades global economic growth forecasts to 3.1 percent in 2024

Core inflation to fall to 5.25 percent in 2024 and 3.43 percent in 2025

Economy Middle East Summit 2024 highlights economic growth prospects in the MENA region

Summit sparked discussions between 1000+ C-level executives, entrepreneurs and government-related entities

US Federal Reserve, UAE Central Bank keep interest rates unchanged

Interest rate cuts by the Fed, expected earlier this year, have been delayed due to stubbornly high inflation

Saudi Arabia’s real GDP grows 1.3 percent in Q1 of 2024

In Q1, Saudi Arabia's non-oil activities saw a 2.8 percent annual increase

Sheikh Hamdan launches Dubai blueprint for AI

As part of the first phase, a chief AI officer will be appointed in every government entity in Dubai

Saudi Arabia to host 28th World Investment Conference from November 25 to 27

Conference positions Saudi Arabia as global investment hub, promotes its promising business environment

WEF Special Meeting: Developing human capital must be the focus for investment

Collaborative effort is needed to address the energy trilemma of security, equity and sustainability

GCC states have succeeded in making economies more integrated: Saudi Arabia’s Al-Jubeir at WEF meeting

Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market

World Economic Forum holds special global collaboration meeting in Riyadh

More than 220 public figures from over 60 countries are participating in the special meeting

UAE and Austria discuss strategic partnership developments, boosting cooperation

The UAE-Austria non-oil trade volume grew 18 percent YoY, hitting $1 billion in the first nine months of 2023