Economy

Nations now have major reasons to embrace migration

As populations age in affluent and middle-income countries, competition for talent increases

Egypt’s external financial risks prompt S&P to downgrade

Pound is estimated to depreciate by 53% in the 12 months to the end of June

UAE recognizes importance of nonprofits with corporate tax breaks

Organizations must meet Article 9 of corporate tax law

Egypt pressed to implement reforms before IMF first review

IMF-Egypt discussions were fruitful in preparation for review

LinkedIn reveals its top companies lists in UAE, Saudi

The annual list highlights the top companies for professionals to grow their careers

China’s economy growing faster than expected

Country will become largest contributor to global economic growth

Inflation in Saudi Arabia down to 2.7% in March

Mainly weighed by an increase in rental prices

Saudi launches 4 new economic zones

Creating new hubs for businesses across key growth sectors

Fed minutes: The banking crisis may cause a recession this year

The worst banking crisis may be limited to "a small number of banks

US inflation growth declines in March for 9th consecutive month

Housing costs are the biggest contributor to the monthly increase

Fitch revises Oman’s rating to positive

Government debt to GDP fell to 40 percent in 2022

IMF warns of financial turmoil to hit global growth

Lowered its forecast for global growth in 2023 to 2.8%

Invest in Oman: $3.8 bn opportunities across key sectors

Including IT, tourism, food security, and mining projects

50-50 chance Messi joins Al Hilal

Saudi beckoning other top players

The UAE ranked 11th globally in goods exports

Total of $599 billion and a growth rate of 41% during 2022

World Bank: Growth slows for most MENA economies amid persistent inflation

Spring Meetings are held in Washington, D.C. from April 10-16

World Cup helped Qatar’s economy expand by 8% in Q4 2022

The quarterly GDP estimate reached 49.43 bn riyals

National Bonds hits another strong year with 15% growth in 2022

Employers encouraged to register employees in National Bonds programs