Economy

Al-Mashat: Economic growth in Egypt to see boost in Q2, supported by industry

The Minister noted Egypt's competitive advantages: a diverse economy, strong industrial base, and skilled workforce

Federal Reserve, UAE central bank hold interest rates steady as Trump’s policies raise economic concerns

The UAE central bank has also decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 percent

Investopia, SkyKapital to collaborate on Investopia Global editions in Europe and Africa

Investopia Global editions aim to expand to 16 new cities at both regional and global levels in 2025

UAE President, VP discuss key national matters during Ramadan meeting

H.H. the President attended an iftar banquet hosted in his honor by H.H. Sheikh Mohammed bin Rashid Al Maktoum

MBRGI commits $599 million to support 149 million people globally

H.H. Sheikh Mohammed bin Rashid chaired MBRGI Board of Trustees meeting

Trump, Sheikh Tahnoon discuss strengthening UAE-U.S. ties in key sectors

Both parties explored long-term collaboration opportunities in AI, healthcare, and industrial development

Global GDP growth to slow from 3.2 percent in 2024 to 3.0 percent by 2026: OECD

OECD warned that increased trade restrictions will hurt global economic performance and raise inflationary pressures

GCC economic growth to rise to 4 percent in 2025 despite trade headwinds: ICAEW

Gradual oil output hikes in the GCC region will generate oil-sector growth of 3.2 percent this year, following two years of contraction

Women’s elite sports revenues to surpass $2.35 billion in 2025, says Deloitte

Basketball and football are projected to generate the biggest revenues in 2025 at $1.03 billion and $820 million, respectively

Suez Canal loses $800 million in revenues monthly amid regional unrest, says Egypt president

Canal’s revenues declined over 60 percent year-on-year in 2024, costing Egypt nearly $7 billion in losses

10 megatrends shaping the future of communities, economies and governments in the coming years

These megatrends are set to positively impact the quality of life in communities and drive sectoral and economic development

UK businesses see Middle East as prime investment destination as interest in the region doubles

36 percent of UK business leaders now see the Middle East as a key investment hub for the next five years

UAE National Bonds sees 22 percent growth, portfolio hits $4.3 billion in 2024

Growth is attributed to the rising number of regular savers and the increasing adoption of digital solutions 

Dubai Chambers to host Dubai Business Forum – Germany to bolster investment in key sectors

Forum seeks to attract multinational companies and fast-growing startups from Germany to Dubai

Saudi Arabia’s inflation steady at 2 percent in February, among lowest in G20

The CPI measures the changes in prices paid by consumers for a fixed basket of 490 goods and services

Workers in GCC countries contribute $131.5 billion in remittances: Official data

The volume of workers’ remittances from GCC countries is the highest globally, with the U.S. following closely behind

Sports Investment Forum 2025 to boost growth in Saudi Arabia’s sports sector

Forum to feature dialogue sessions and workshops addressing topics such as sports tourism, smart stadium technologies and club financing

Dubai’s Most Noble Number charity auction raises over $22.76 million

Total bids for RTA plate numbers amounted to AED75.9 million

Prince Mohammed bin Salman launches the Saudi Architecture Characters Map to celebrate the Kingdom’s architectural heritage

The first phase of Saudi Architecture will target major projects, government buildings and commercial structures in Al-Ahsa, Taif, Makkah and Abha

Saudi Arabia’s stock market rises after S&P upgraded credit rating to ‘A+’

The upgrade is backed by better governance and stronger institutions, enhancing domestic capital markets' depth

How GDMO embraces trends, tech and AI to weave Dubai’s narrative

GDMO leverages a rapidly evolving digital media to align its strategy with the vision of Dubai's leadership

Dubai’s endowment assets cross $3 billion in 2024: Sheikh Hamdan

Real estate accounts for the largest share of endowments, valued at AED10 billion

How to invest in an IPO in the UAE: A step-by-step guide for investors

IPOs allow investors to diversify their investments across various UAE sectors, including tech, healthcare, and energy

J.P. Morgan cautions on 40 percent U.S. recession risk amid policy uncertainty

Kasman: “Where we stand now is with a heightened concern about the U.S. economy"