Economy

VC to drive growth of global commercial drone industry

Sector’s market value expected to reach $125 bn by 2032

Saudi, UAE sovereign wealth funds lauded in new report

Sustainability investments growing in importance

Ethiopia vies for BRICS membership

The economy of Ethiopia is ranked 59th globally, according to the IMF

Middle East construction industry shines in new global survey

Expensive costs and labor shortages seen in other markets

UAE’s financial advisory market volume to exceed AED 875 bn in 2023

Dubai on pace to rank in top 20 wealthiest cities in the world by 2030

Oman to establish new economic city with two free zones

The Sultanate seeks to boost its economy and attract foreign investment

Strong U.S. stock market performance could keep recession at bay this year

Excitement around AI and the debut of ChatGPT led to a surge in shares

IMF sounds the alarm on worsening economy in Lebanon

Delays in financial sector restructuring cost depositors $10 billion since 2020

IMF positive outlook on UAE economy

Fiscal and external surpluses expected to remain high on the back of higher oil prices

Saudi regulations, deal-making attracting legal companies and FDI

Saudi reached its highest GDP rate in over ten years at 8.7 percent in 2022

Weak outlook for global trade in 2023 despite current recovery

UNCTAD: Goods trade increased by about $ 100 billion in 3 months

UAE economy grows by 7.9% in 2022

Bin Touq: The figures confirm the strength of the economy in light of what the world is going through

Türkiye Central Bank hikes interest rates by 6.5 percent, Lira falls

Marks a return to more orthodox monetary policymaking

Why did the Egyptian Central Bank decide to fix interest rates? What’s next?

Trajectory of base rates of interest depends on expected inflation numbers

The updated Commercial Agencies Law in the UAE came into force

Changes are welcomed by foreign entities looking to enter the UAE market

Insights on WEF’s Global Gender Gap Report for 2023

A mere 0.3 percent increase in gender party was reported in the past year

S&P: Important role for Saudi debt market to achieve Vision 2030

This June 15, Tadawul market cap exceeded $2.9 trillion.

Oman’s GDP to rebound to 2.7 percent in 2024 driven by non-hydrocarbon sector

Economic growth expected to slow down to 1.3 percent this year