Economy

UAE first globally in 156 development, economic indicators

Cabinet approved licensing of first electric clean energy cargo aircraft in region

TiE Dubai reveals MENA winners from TiE Women regional finals

Initiative is dedicated to empowering women entrepreneurs across the globe

A queen for all ages

King Charles the III addresses the nation today

ECB decides historic interest rate hike

"Inflation is likely to stay above target for an extended period”

UK’s Liz Truss unveils plan to freeze annual energy bills for 2 years

"We are facing a global energy crisis... And these are no cost-free options"

The Fed sees “weak” future growth…and eyes are on inflation figures

Returning the inflation rate to 2% is the “first task” of the Fed

Saudi GDP up 12.2% in Q2, highest since 2011

Economic growth is due to the significant increase in oil activities

Saudi economic diversification towards an oil-independent financial future

“The Fund”: a decrease of about 20% in the direct share of oil in the GDP

Egypt’s Minister of Planning: The government backs flexible pound

"Egypt working hard to increase foreign direct investment"

Expect a significant increase in Euro interest rates on Thursday

Fitch: A recession in the euro area is likely as gas crisis worsens

Liz Truss succeeds Boris Johnson as British Prime Minister

She vowed to keep her election promises, boost economic growth

Bahrain to restructure board of wealth fund Mumtalakat

The Fund's assets totaled $18.4 bln in 2021

Saudi non-oil sector purchases at highest level in 7 years

Total new orders rose at the fastest pace since October

UAE non-oil private sector grows at fastest pace in 38 months

Future sentiment drops to its lowest level in 17 months

How does the Fed read the jobs report?

August inflation figures expected for release in first half of this month

IMF: Lebanon’s new banking secrecy law has major shortcomings

The Lebanese president refused on Wednesday to sign the bill

UK inflation could top over 22%: Goldman Sachs

Well above the baseline forecast of 14.8%

Lebanon records triple-digit inflation for the 25th straight month

Water, electricity, gas costs jumped 460% in one year