Economy Middle East

Economy

SuperBridge Summit commencing in Dubai
Economy

SuperBridge Summit commencing in Dubai

“SuperBridge Summit strives to build connections between the East, the West and the rest of the world"

Qatar Central Bank’s forex reserves climb to 241,572 bn riyals in July
Economy

Qatar Central Bank’s forex reserves climb to 241,572 bn riyals in July

A 14.3 percent increase over previous year

Central banks boost gold reserves amid economic uncertainties
Economy

Central banks boost gold reserves amid economic uncertainties

387 tons of gold bought in H1 2023

BRICS summit 2023: Dates, location, discussions and attendees
Economy

BRICS summit 2023: Dates, location, discussions and attendees

No immediate plans for BRICS common currency?

Dubai’s GDP grows 2.8 percent in Q1 2023 to reach AED111.3 bn
Economy

Dubai’s GDP grows 2.8 percent in Q1 2023 to reach AED111.3 bn

Sheikh Hamdan: Sustainability and resilience driving Dubai's growth in Q1

Expected U.S. and Chinese inflation data weigh on market performance
Economy

Expected U.S. and Chinese inflation data weigh on market performance

Will U.S. inflation figures regain their upward pace?

Spending soars in Saudi, investment remains strong
Economy

Spending soars in Saudi, investment remains strong

H1 2023 expenditure surged by 18 percent

Oman’s inflation takes a dip: latest figures and key highlights
Economy

Oman’s inflation takes a dip: latest figures and key highlights

Annual inflation rate decreased to 0.69 percent in June

Saudi, UAE non-oil economies remain strong
Economy

Saudi, UAE non-oil economies remain strong

Buoyed by robust market conditions

Central Bank of Egypt surprises markets with 100 basis point interest rate hike
Economy

Central Bank of Egypt surprises markets with 100 basis point interest rate hike

Anticipated peak in inflation rates in H2 2023

Bank of England raises interest rates by 25 basis points
Economy

Bank of England raises interest rates by 25 basis points

This marks the highest level since early 2008

Egypt’s domestic liquidity surges by EGP846 bn in 6 months
Economy

Egypt’s domestic liquidity surges by EGP846 bn in 6 months

Egyptian banks are in a race to attract funds from local investors

Saudi education budget of $50 bn, largest in GCC
Economy

Saudi education budget of $50 bn, largest in GCC

More classrooms and schools will be built

The growth of e-commerce in the Middle East
Economy

The growth of e-commerce in the Middle East

Fueling economic growth in the region

UAE shoppers: The most mobile-centric and omnichannel consumers globally
Economy

UAE shoppers: The most mobile-centric and omnichannel consumers globally

94 percent of UAE shoppers use digital features

25 investment deals signed between KSA and Brazil
Economy

25 investment deals signed between KSA and Brazil

The MoUs between the two nations encompass various sectors and industries

Foreign investments in Egypt up by 70 percent
Economy

Foreign investments in Egypt up by 70 percent

Investor confidence on the rise

Saudi Arabia approves $1.2 bn Yemen aid package
Economy

Saudi Arabia approves $1.2 bn Yemen aid package

To help boost economy, achieve stability

Fitch downgrades the U.S. credit rating to AA+
Economy

Fitch downgrades the U.S. credit rating to AA+

White House strongly disagrees with this decision

Startups in Saudi and UAE thrive amid global slump
Economy

Startups in Saudi and UAE thrive amid global slump

With strong SME ecosystem and government support

UAE’s GDP records 3.8 percent growth in Q1 2023
Economy

UAE’s GDP records 3.8 percent growth in Q1 2023

Moving closer to the achievement of ‘We the UAE 2031’ vision

Lebanese await Lira price movement following end of Salameh’s mandate
Economy

Lebanese await Lira price movement following end of Salameh’s mandate

Stopage of receiving orders on exchange platform

Egypt’s economy to grow by 4.2 percent, says Morgan Stanley
Economy

Egypt’s economy to grow by 4.2 percent, says Morgan Stanley

Services and construction to contribute to growth

Arab Monetary Fund’s $615.8 mn loan to Egypt: A boost for the nation’s economy
Economy

Arab Monetary Fund’s $615.8 mn loan to Egypt: A boost for the nation’s economy

Egypt's GDP projected at 4.2 percent for FY 2023/2024