Economy

PwC: 20 percent of Emiratis in UAE private sector dissatisfied by compensation and benefits plans

62 percent of Emirati graduates say it is harder to find employment in private sector

Bahrain awards golden licences to companies in five investment projects worth over $1.4bn

Bahrain aims to create over 20,000 jobs annually for citizens by 2024.

Dubai 10x initiative’s third phase launched by Sheikh Hamdan bin Mohammed

Initiative seeks to place Dubai 10 years ahead of leading global cities

Saudi Crown Prince Mohammed bin Salman to France for bilateral talks, Expo 2030 candidacy

MBS to lead Saudi delegation at Paris summit for new global financial pact

UAE’s reputation for wealth preservation attracts millionaires, wealthy families

4,500 millionaires are expected to relocate to the UAE this year

A  new modernized Silk Road between Saudi and China

The two countries have enjoyed strong economic ties for decades

Interest rate hike expected following appointment of new Turkish Central Bank governor

Higher foreign exchange prices could cause surge in inflation

Dubai’s robust economic performance secures top 3 spot among best global cities

Ranking also based on population, office space, real estate

Egypt’s inflation rises to 40.3% due to import delays

Annual core inflation surged to 40.3% in May

What to expect from Wednesday’s Federal Reserve meeting?

The meeting coincides with the release of inflation data for May

Bahrain’s economic recovery plan expected to narrow budget deficit

Country reported in 2022 highest GDP growth since 2013 at 4.9%

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Non-oil activities led Saudi’s economy to grow 3.8% in the first quarter

Growth of non-oil activities up 5.4 percent in the first quarter of this year

IMF issues key recommendations for Saudi Arabia

Fund sees non-oil growth in Saudi to stay strong, averaging 5%

Oil production cuts prompt World Bank to cut regional growth forecast

Growth expected to slow to 2.2% versus 3.5% in previous estimates

Persistently high interest rates keep global economy unsteady

Middle east and North Africa expected to slow to 2.2 percent in 2023

Global e-commerce sales to reach $7 trn by 2026, boosted by MENA growth

MENA’s e-commerce sector is on pace to reach $57 bn by 2026

Why did Qatar achieve two-thirds of its projected surplus in 2023 budget?

It became top exporter of liquefied gas in 2022 despite market volatility