Economy

UAE, Costa Rica sign CEPA deal to develop sustainable economies, trade

UAE, Costa Rica sign CEPA deal to develop sustainable economies, trade

Agreement expected to contribute $46 million annually to the UAE's GDP

Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan

Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan

Investments to encompass agriculture, mining, information technology, and aviation

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt further plans to sell more state assets, which would reduce the state's role in the economy

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

Saudi Arabia’s inflation slows to 1.6 percent in March: Report

Saudi Arabia’s inflation slows to 1.6 percent in March: Report

Rental prices drive Saudi Arabia's annual inflation increase in March

Only 40 percent of Saudi women are likely to return to work after a break: PwC report

Only 40 percent of Saudi women are likely to return to work after a break: PwC report

Financial independence emerges as a key incentive for women returners in Saudi Arabia

Qatar’s inflation drops 1.4 percent in March on lower food and beverage prices

Qatar’s inflation drops 1.4 percent in March on lower food and beverage prices

The CPI reached 106.67 points in March

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025

IMF’s executive director Dr. Mahmoud Mohieldin on fund’s pivotal role in shaping the future of the global economy

IMF’s executive director Dr. Mahmoud Mohieldin on fund’s pivotal role in shaping the future of the global economy

How International Financial Institutions (IFIs) can help countries navigate economic challenges

ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans

ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans

Sustained oil output, growing non-oil investments key to healthy economy

Integrating circular economy principles into the smart city landscape

Integrating circular economy principles into the smart city landscape

How innovative resource management can promote sustainable urban development

Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023

Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023

This represents an increase from $35 billion in the previous year

Fixed-rate mortgages, high interest rates put economy at risk, IMF warns Bank of England

Fixed-rate mortgages, high interest rates put economy at risk, IMF warns Bank of England

UK leaves borrowing costs unchanged at 5.25 percent despite fall in annual inflation

Egypt’s inflation rate decelerates to 33.3 percent in March

Egypt’s inflation rate decelerates to 33.3 percent in March

Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February

Egypt to raise minimum wage for private-sector workers

Egypt to raise minimum wage for private-sector workers

The minimum wage increase reflects commitment to safeguarding workers' interests

India’s central bank holds interest rates steady as inflation persists

India’s central bank holds interest rates steady as inflation persists

Central bank emphasizes inflation targets as economy aims for stability

Bank of Japan may hike interest rates as yen hits two-week high

Bank of Japan may hike interest rates as yen hits two-week high

Japanese firms raise wages by 5.24 percent, the highest increase in 33 years

12 Saudi companies ink agreements with Iraq Development Fund

12 Saudi companies ink agreements with Iraq Development Fund

The deals seek to promote cooperation in various high-quality investment projects in Iraq

Kristalina Georgieva positioned as only candidate for second term as managing director of IMF

Kristalina Georgieva positioned as only candidate for second term as managing director of IMF

Georgieva's current term is set to expire in September 2024

Abu Dhabi’s private sector achieves 35 percent growth, surpassing $92 billion in 2023

Abu Dhabi’s private sector achieves 35 percent growth, surpassing $92 billion in 2023

Significant contribution of family-owned businesses to this growth

Eurozone business activity shows signs of recovery, with services sector leading the way

Eurozone business activity shows signs of recovery, with services sector leading the way

The manufacturing sector struggles, faces deeper downturn 

Saudi Arabia’s startups raise $198 million in March 2024

Saudi Arabia’s startups raise $198 million in March 2024

SaaS providers dominate region's investment landscape

Business confidence in Kuwait’s non-oil private sector highest in nearly 4 years: PMI data

Business confidence in Kuwait’s non-oil private sector highest in nearly 4 years: PMI data

March data reveals strengthening momentum and record-high confidence levels

Egypt’s currency crisis impacts non-oil sector demand: PMI data

Egypt’s currency crisis impacts non-oil sector demand: PMI data

PMI remained below the long-term average, signaling ongoing challenges