Economy

$200 million World Bank project creates, maintains over 400,000 jobs in Egypt

Promoting entrepreneurship with focus on women-led businesses

Saudi Arabia’s non-oil economy reaches 50 percent of real GDP

Private investment and robust exports drive record-breaking expansion

Ministry of Economy organises workshop on implementing zero-bureaucracy program

Program to streamline and simplify government services while reducing turnaround times

Oman’s state revenues exceed $2.6 billion in January 2024

Government investments reaching OMR200 million drive growth

Housing costs propel Saudi Arabia’s inflation to 1.8 percent in February

Subcategory prices for housing, water, electricity, gas, and fuels rose 8.5 percent YoY

UAE government revenues reach $42.45 billion in Q4 2023

Results highlight government's commitment to optimal resource management and open data policy

Booming hospitality, transport, and arts sectors fuel Saudi Arabia’s business growth in 2023

The ministry of commerce reported an increase in commercial registrations across various sectors

Disparity between nations grows in post-pandemic recovery: UNDP

Report highlights divergence in development trajectories, urges collective action

DIFC enacts new Digital Assets Law

Existing DIFC laws on contracts, obligations, security, among others, have also been updated

Dubai gets Unified Digital Platform for establishing companies

The new platform seeks to enhance electronic integration between licensing departments and other key entities to avoid duplication of procedures

U.K.’s economic recovery bolstered as GDP surges in January

Retail and wholesaling sectors drive 0.2 percent monthly growth

Transparency, good governance boost investor confidence in UAE: EFG Hermes CEO Moustafa El Chiati

Economic diversification, governance and robust trade position UAE as international investment hub

Saudi Arabia’s PIF inches closer to $1 trillion in assets

Strategic acquisitions and diversification drive growth trajectory

Türkiye to further tighten fiscal policy amid weakening lira

Finance minister emphasizes commitment to sound policies amid sovereign rating upgrade

Saudi Arabia’s non-oil activity increases by 4.4 percent in 2023

Despite decline in oil production, diverse industries foster growth in the kingdom

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