Economy

China estimates GDP growth rate at 5.3 percent in 2024

Key contributions from consumption, investment, and emerging industries

Davos 2024: What to expect from the World Economic Forum

60 heads of state and government are among the attendees

Urban inflation in Egypt declines for third consecutive month

Recorded 33.7 percent in December, down from 34.6 percent in November

WEF: Disinformation, environmental threats are world’s top risks

Global Risks Report 2024 unveiled ahead of Davos summit

Saudi Arabia’s private sector employees surge to 10.92 million

National Labor Observatory report highlights December 2023 figures

Global cooperation declined 2 percent from 2020 to 2022: WEF

Cooperation is possible even in midst of competition

Egypt releases comprehensive economic blueprint for 2024-2030

Strategic roadmap to fortify the Egyptian economy in a turbulent global landscape

Saudi Arabia’s FDI surges by 29 percent in Q3 of 2023

Kingdom ranks among the G20's top economies

AD Ports commits to operating terminals at Egypt’s Red Sea ports

Deal includes developing yacht and cruise ship tourism in Egypt

Saudi Arabia approves 2024 annual borrowing plan

Kingdom's financing needs estimated at approximately SAR86 billion

Dubai ruler puts family in focus in launching Dubai Social Agenda 33

With a budget amounting to AED208 billion until 2033

UAE’s non-oil sector soars to four-year high

December PMI data reveals robust growth driven by output and new orders

Dubai Duty Free rings in over AED7.8 billion sales in 2023

December ended with record monthly sales of AED 807 million

Sharjah ruler approves largest ever budget of $11.1 billion

Spending rose more than 16 percent year-on-year

Saudi Aramco raises diesel prices for local consumers by 53 percent

The recent jump to SAR1.15 per liter is unprecedented

UAE’s economic partnership agreements expand in 2023

New trade accords signed, more in pipeline

Saudi Arabia, UAE officially join BRICS as bloc expands in MENA

Iran, Egypt and Ethiopia are also now part of the trade bloc

Oman forecasts $1.7 billion 2024 budget deficit amid oil challenges

Budget gap prompts focus on economic diversification

Türkiye’s bold minimum wage hike spells trouble for inflation

A 49 percent surge in monthly minimum wage could exacerbate inflation and strain businesses

UAE prepares for a packed 2024 calendar of events

From tech to real estate expos, the UAE showcases global competitiveness

Qatar inks first five-year crude sales deal with Shell

Commits to supply up to 18 million barrels annually