Economy

Bahrain’s future fund assets jump 20.4% to $626.9 mn

Fund recorded a positive return on investments of 10.4%

Shopping online or in-stores? Here’s what women want

50% looked up the product online before going to the store to buy it

Fears of a recession cause a sharp drop in commodity prices

This is partly driven by the acquisition of stocks trading at a premium

The G7 launches massive $600 bn projects to counter China

Targets tackle climate change, health, equality, digital infrastructure

Egypt Central Bank fixes interest rates after raising them 3%  

Finance Minister worried about further rate hikes

Saudi Crown Prince-Erdogan meeting: agreement to develop cooperation

Trade exchange during 5 years amounted to about 103 billion riyals

Powell admits raising interest rates could cause a recession

He stressed the US Central Bank's commitment to "strongly" reducing inflation

Saudi-Jordan joint statement emphasizes continued cooperation

Both sides to boost partnership in food security, health, and education

Lebanon central bank forensic audit date revealed

Audit is key demand before releasing funds

Why is cCommerce important to MENA’s retail markets?

MENA's retail markets are valued at $1 trillion

Final statement of the IMF mission: The economic prospects for Saudi positive

The Fund expects the Kingdom's GDP to grow by 7.6% this year

The Crown Prince in Jordan.. Saudi the largest investor with $14 billion

The Saudi-Jordanian Fund is a leap in promoting joint investments

Lebanon CB Governor: FX reserves down by $2.3 billion in 6 months

The state spent $62.6 billion via decrees over 10 years

Employees in the MEA frustrated with poor workplace technology

47% reported tech issues at work increased their stress levels

What do shoppers in the Middle East want nowadays?

63% of Middle East consumers still preferring shopping in-person

Oman’s GDP rises by 16%, reaches OMR33 billion

Total public expenditure decreased by 5.9 percent to OMR 12.2 bn

Sheikh Tamim bin Hamad inaugurates the Qatar Economic Forum

Under the slogan "Achieving Equality in Global Economic Recovery"

Türkeye’s vortex of financial crises, with daunting chances of a rescue  

The Turkish lira has lost 65 percent of its value since last September

Bahrain’s GDP grows 5.5% in Q1 2022

Non-oil economy recorded a growth of 7.8% in the same period