Economy

Ajay Banga elected as new President of the World Bank

Banga is set to assume office on June 2 for a five-year term

IMF: Growth in Middle East and Central Asia will slow

Saudi economy nears reduced dependence on oil

UAE PMI measuring non-oil activity improves in April

New orders index rises at fastest pace since November

With World Cup in rearview mirror, Qatar prepares more spectacular events

Qatar's economy remains robust, poised for continued growth

ADQ considering new investments in Egypt

The company's investments in Egypt amounted to about $4.3 billion in 9 years

IMF warns of precarious phase as global growth prospects remain low

Banking crises, high inflation, geopolitical uncertainty contribute to gloomier outlook

The Gulf’s future outlook

A Closer Look at the Role of Hospitality and Tourism 

IIF: Gulf countries are resilient despite headwinds

Average oil prices are expected to fall to $85 in 2023 and $80 in 2024

Turkey’s elections: Struggle for economic stability, grain security

The country imposed large tariff on grain imports as election approaches

The new face of marketing and changing role of CMOs

Practical book creates roadmap for SMEs, CEOs, using tried checklists

Oman’s GDP growth fueled by soaring oil activities

Oman's GDP increased 4.3% to OMR36.10 bn

Inflation in Lebanon flares up after currency devaluation in February

Food and beverage inflation up 350 percent annually

Nations now have major reasons to embrace migration

As populations age in affluent and middle-income countries, competition for talent increases

Egypt’s external financial risks prompt S&P to downgrade

Pound is estimated to depreciate by 53% in the 12 months to the end of June

UAE recognizes importance of nonprofits with corporate tax breaks

Organizations must meet Article 9 of corporate tax law

Egypt pressed to implement reforms before IMF first review

IMF-Egypt discussions were fruitful in preparation for review

LinkedIn reveals its top companies lists in UAE, Saudi

The annual list highlights the top companies for professionals to grow their careers

China’s economy growing faster than expected

Country will become largest contributor to global economic growth