Economy

WGS 2024: Maktoum bin Mohammed officially launches Buna Payment System

As many as 108 Arab banks have already completed linking with the platform.

WGS 2024: Mohammed bin Rashid meets Prime Minister of Qatar

Leaders highlight summit’s role in boosting regional and global cooperation at World Governments Summit.

WGS 2024: WEF’s Georgieva sees MENA GDP growth reaching 2.9% in 2024

Georgieva highlights the role of the Arab World in shaping future economies

Public expenditure in Arab countries sees 9.8 percent surge in 2022

AMF's Joint Arab Economic Report highlights key trends and challenges

WGS 2024: Sheikh Mohammed meets Klaus Schwab, Kristalina Georgieva in Dubai

Dubai Ruler stressed the need for global economies to cooperate

Türkiye issues $3 billion 10-year eurobonds, sees strong demand

Capitalizing on investor confidence amidst significant changes in economic strategy

Egypt’s 50 percent minimum wage hike to take effect in March

President implements urgent social protection package amidst currency concerns, IMF talks

Dubai International Chamber supports global expansion of UAE entrepreneurs

Meeting showcases bespoke programs to enhance competitiveness and foster international growth

Dewa’s Q4 2023 profits surge 14.6 percent

Robust financial performance driven by increased demand and clean energy initiatives

UAE’s outlook soars as S&P predicts 5.3 percent GDP growth in 2024

Robust expansion in sight fueled by diverse sectors and stable banking environment

PIF Private Sector Forum strengthens economic vision through strategic partnerships

Event concludes with commitment to Saudization and private sector empowerment

China’s Consumer Price Index drops 0.8 percent in January amid export pressures

Consumer and producer price challenges pose threats to growth and employment

Qatar’s economic growth normalizing: IMF report highlights resilience, favorable outlook

Expansion in LNG production and reforms to drive average growth of 5.5 percent

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