Economy

Saudi non-oil private sector gallops despite inflation

S&P: Upturn underlined by a robust increase in new business levels

UAE non-oil private sector growth slows as inflation bites

Input costs in the non-oil sector rose sharply in June

Saudi, UAE allocate $9 bn to support citizens, tackle inflation

Allocations targeted several sectors including food and unemployment

Oil raises Oman GDP growth forecast in 2022

Emirates National Bank expects government to use oil revenues to reduce debt

War raises Egypt’s import bill to $9.5 bn a month

The pound hits its lowest level in over 5 years

Special gifts await exceptional students in the UAE

The objective is to inspire high school pupils to excel

Saudi appoints two women to senior roles in government

Royal orders included the appointment of two deputy governors of SAMA

Uganda, a poor country, claims having $12 trillion in gold deposits

Will Bitcoin become a store of value after this discovery?

A record number for inflation in the euro zone in June

The headline inflation rate came in at 8.6 percent

Microsoft appoints Naim Yazbeck as General Manager, UAE

Yazbeck to succeed Sayed Hashish who served in the role since 2016

Fitch: Only sovereign debt in the Middle East is improving

Emerging markets face high external financing needs

Oil prices keep non-oil economic growth in the GCC strong

IIF: impact of tightening US monetary conditions on Gulf banks limited

When is Eid al-Adha in these countries?

Islamic nations follow Saudi in observing Dhul-Hijjah's crescent

UEFA acknowledges Qatar’s progress on labor standards

The meeting highlighted the need to implement additional legal support

The ECB activates its first line of defense tomorrow to prevent debt crisis

Soon to announce a new tool to combat jumps in bond yields

Saudi’s jobless rate falls to lowest since 2008

It registered 10.1 percent at the end of Q1

Global CB chiefs: Reducing inflation will be painful

S&P: Challenge is controlling inflation while avoiding stagnation

Lebanon’s economic recovery plan in the amendment catacombs

The state and central bank bear part of the responsibility

Saudi attracts $1.97 bn FDI in Q1

Inflows rose 9.5% compared to the same period in 2021

The Saudi Cabinet approves a series of new laws

Companies Law facilitates establishment of organizations, encourages bold investment

Dubai to maintain post-pandemic recovery amid GDP growth

International passenger traffic to continue pandemic recovery

Lagarde: We will raise rates faster if necessary

Central bankers gather in Portugal for their annual conference

Egypt: Budget deficit decreases to 436.6 bn pounds in 11 months

This is equivalent to 5.5% of the country's GDP

Non-oil trade between UAE, Japan valued at $3.5 billion in Q1 2022

Intra-non-oil trade between two countries reached $13.3 billion in 2021