Economy Middle East

Economy

Investopia London: UAE explores fintech and innovation partnerships with Britain
Economy

Investopia London: UAE explores fintech and innovation partnerships with Britain

Visit to launch the second edition of Investopia Global Talks in Europe

Tesla shares plummet by 12 percent after Musk warns of slowdown
Economy

Tesla shares plummet by 12 percent after Musk warns of slowdown

Musk loses $18 Billion as Tesla's market capitalization plummets

UAE, Malaysia forge strategic partnership to advance digital infrastructure development
Economy

UAE, Malaysia forge strategic partnership to advance digital infrastructure development

Agreement prioritizes establishing data centers in Malaysia

Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P
Economy

Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P

Anticipated devaluation of the pound beyond the current exchange rate

Davos: UAE ranks fourth globally in infrastructure quality
Economy

Davos: UAE ranks fourth globally in infrastructure quality

Country set to invest $2.45 billion to develop 127 projects over next 5 years 

Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement
Economy

Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement

First upgrade since 2007

U.S. economy grows more than expected despite high interest rates
Economy

U.S. economy grows more than expected despite high interest rates

Consumer spending remains strong

ECB interest rates remain unchanged amid inflationary concerns
Economy

ECB interest rates remain unchanged amid inflationary concerns

Increased focus on inflation targets and monetary policy flexibility

Türkiye hikes interest rates to 45 percent in a battle against inflation
Economy

Türkiye hikes interest rates to 45 percent in a battle against inflation

Analysts skeptical as Turks grapple with economic challenges

Mitigating China’s economic crisis: Emphasizing proactive measures over remedial strategies
Economy

Mitigating China’s economic crisis: Emphasizing proactive measures over remedial strategies

Concerns rise among Beijing policymakers over declining prices

Russia and India partner to create a digital economy in BRICS expansion
Economy

Russia and India partner to create a digital economy in BRICS expansion

Both countries are also exploring a native BRICS currency

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative
Economy

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative

Egypt's overall classification was affirmed at Caa1 in October 2023

Saudi Arabia tops GCC ranking in Statistical Performance Index: World Bank
Economy

Saudi Arabia tops GCC ranking in Statistical Performance Index: World Bank

Jumping 25 places

UAE gears up to host next World Government Summit
Economy

UAE gears up to host next World Government Summit

High international representation expected as 4,000 participants set to attend summit

Egypt, Qatar to forge new investment joint strategy
Economy

Egypt, Qatar to forge new investment joint strategy

Ongoing collaboration for the Egyptian-Qatari Business Forum

PwC: 73 percent of regional CEOs confident in GenAI’s game-changing influence on business landscape
Economy

PwC: 73 percent of regional CEOs confident in GenAI’s game-changing influence on business landscape

81 percent of GCC CEOs foresee improved economic growth

Navigating the storm: ACCA reveals SMEs’ challenges and innovations
Economy

Navigating the storm: ACCA reveals SMEs’ challenges and innovations

Critical hurdles and strategic pathways for small and medium-sized enterprises

Tunisia achieves full debt repayment for 2023 despite challenges
Economy

Tunisia achieves full debt repayment for 2023 despite challenges

Country plans to repay $4 billion in foreign debt in 2024

Women participation in UAE’s private sector sees 23.1 percent growth
Economy

Women participation in UAE’s private sector sees 23.1 percent growth

UAE's commitment to gender balance manifests through legal framework and global recognition

Inflation in Kuwait reaches 3.37 percent in December 2023
Economy

Inflation in Kuwait reaches 3.37 percent in December 2023

The Consumer Price Index in Kuwait rose by 3.37 percent

Saudization of engineering professions: 25 percent implementation effective from July 21, 2024
Economy

Saudization of engineering professions: 25 percent implementation effective from July 21, 2024

Applies to all private sector establishments employing five or more engineers

Davos 2024: Saudi Arabia concludes WEF participation with landmark agreements and announcements
Economy

Davos 2024: Saudi Arabia concludes WEF participation with landmark agreements and announcements

April 2024 meet to focus on cooperation, growth, and energy

Dubai maintains economic momentum with 3.3 percent GDP growth in first 9 months of 2023
Economy

Dubai maintains economic momentum with 3.3 percent GDP growth in first 9 months of 2023

Dubai Economic Agenda D33 driving the city towards global prominence

ECB’s stance on timing of interest rate cuts: What to expect?
Economy

ECB’s stance on timing of interest rate cuts: What to expect?

Inflation may be more persistent than anticipated due to increased shipping costs