Economy

The Egyptian pound sinking due to continued foreign reserves decline

Capital Economics: Currency to drop to 21 pounds/dollar by end 2022

The BOE to discuss Thursday the largest interest rate hike in 25 years

Concern about pledges of premiership candidate to cut taxes

Saudi economy achieves highest quarterly growth in 11 years

Oil activities lead GDP growth by 11.8% in Q2

What does a strong dollar mean for countries?

It has broad implications for Americans and the global economy

US economy shrinking again, fears of recession growing

GDP shrank 0.9 percent in the second quarter

IMF says Egypt needs deeper reforms as it seeks another loan

The Fund downgraded Egypt's real GDP forecast to 4.8%

A change in Powell’s comments: Will the rate hike path slow down or not?

"I don't think the economy is in a recession at the moment"

UAE leads Arab countries in food system, economic resilience

Expected increases in hunger and food insecurity by the end of 2022

Where do MENA businesses spend most money on?

In MENA, travel spending showed the biggest growth

IMF again cuts global growth forecast due to war, inflation

Growth is slowing from 6.1% in 2021 to 3.2% this year

Learn about the collaboration’s aspects between UK, GCC

Current annual trade volume between UK, GCC amounts to $40 bn

Will Egypt join the BRICS economic alliance?

Egypt, Saudi, and Turkey have shown interest in joining the group

Will the Federal Reserve surprise markets on Wednesday?

Investors keeping an eye on this week's GDP figures

Oman: Annual inflation continues to rise in June

Driven by the increase in food and beverage prices

Meet ECB’s new anti-fragmentation tool

Volume of TPI purchases depends on severity of the policy transition risk

OBG: “Egypt has created a dynamic business environment”

Economy, GDP, boosted by utilities sector and mega construction projects 

Poll: Gulf economies will grow faster this year than previously thought

Inflationary pressures in the GCC countries lower than rest of the world

The ECB surprised markets, raised interest rates by 0.5 basis points

Raising the euro area out of negative interest for first time in 8 years

UAE issues regulations for responsible sourcing of gold

Guidelines are the latest in a series of initiatives to govern gold trade

Draghi’s resignation to cast shadow over the ECB meeting today

Stock markets fell, yield margin on Italian bonds widened

Bin Touq: 5% expected growth in 2022, foreign trade major tributary to economy

Completing economic recovery plan, starting new sustainable phase