Economy Middle East

Economy

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

Qatar trade surplus amounts to $4.77bn
Economy

Qatar trade surplus amounts to $4.77bn

The numbers show a marginal decrease of 4.4 percent from the preceding month

What recession? The U.S. economy shows robust GDP growth, employment figures
Economy

What recession? The U.S. economy shows robust GDP growth, employment figures

Consumer spending accounted for 68 percent of all economic activity

The ECB raises interest rates to the highest rate in its history
Economy

The ECB raises interest rates to the highest rate in its history

Lagarde warns that halting grain export agreement will exacerbate inflation

Türkiye’s central bank doubles inflation forecast
Economy

Türkiye’s central bank doubles inflation forecast

annual inflation forecast to 58 percent

KSA: highest salaries for expats globally
Economy

KSA: highest salaries for expats globally

Expat middle managers in Saudi Arabia are making around $109,000 annually

WEF highlights key macroeconomic conditions for H2 2023
Economy

WEF highlights key macroeconomic conditions for H2 2023

Survey aims to help identify priorities for further action

UAE among preferred countries for foreign direct investment
Economy

UAE among preferred countries for foreign direct investment

Leads Middle East and Africa on global service location index

Oman’s labor law gets a modern makeover: Here’s what you need to know
Economy

Oman’s labor law gets a modern makeover: Here’s what you need to know

Law includes offering extended maternity leave

Egypt’s hard currency liquidity crisis forces extreme measures for banks
Economy

Egypt’s hard currency liquidity crisis forces extreme measures for banks

Dollar-deposit certificates offered at 9 percent returns 

IMF raises global growth forecast this year to 3 percent
Economy

IMF raises global growth forecast this year to 3 percent

Growth expected to decline in the Middle East and Central Asia region

UAE government revenues reach AED115.6 bn in Q1 2023
Economy

UAE government revenues reach AED115.6 bn in Q1 2023

Ministry of Finance reveals expenditures reaching AED 92.5 billion

The first conference of Türkiye Central Bank starts Thursday
Economy

The first conference of Türkiye Central Bank starts Thursday

The bank raises inflation forecasts for 2023