Economy

Saudi unemployment falls to lowest level on record in Q2

To 9.7% in Q2, compared to 10.1% in Q1 2022

Emirates NBD raises growth forecast in UAE to 7% in 2022

Thanks to oil production and the "strong" recovery of non-oil sector

IMF publicly criticizes British government’s tax plans

Bank of England intervenes in the face of 'actual risks to financial stability'

Lebanon suddenly decides to raise the official dollar tenfold

The decision to negatively affect banks and their balance sheets

Lebanon approves a budget that falls short of IMF ambitions

Budget adopts 15 thousand pounds for customs dollar

King Salman appoints Crown Prince as Prime Minister

The cabinet reshuffle kept Mohamed Al-Jadaan as Finance Minister

UAE salaries likely to rise by 5% in 2023

Companies planning salary increases to offset inflation, retain talents

Lagarde on Italy: We will not support countries that make political mistakes

“Expect interest rates to rise again during upcoming meetings.”

stc Group congratulates leadership on 92nd Saudi National Day

"National Day anniversary comes as we continue march towards development"

Emirati-Saudi relationship a model of brotherly relations: Bin Touq

"Trade exchange between the two countries grew by 57.4%"

Will the far right succeed in sailing a punctured ship in Italy?

Giorgia Meloni could become first woman to hold premiership

Egypt’s Central Bank keeps interest rates unchanged for second time

It approved increasing percentage of cash reserves that banks need to keep

57% of Arab youth prefer to live in UAE

Visa reforms and low taxes are among factors attracting young Arabs

Post “FED” decision: Oil declining and dollar at its highest in 20 years

Wall Street dips, investors try to absorb effects of an interest rate hike

Gulf central banks follow FED’s step

Oman is expected to announce a similar move

FED raises interest rates by an additional 75 basis points

Rates to rise until the level of funds reaches the "final price"

Bin Touq: UAE’s non-oil sectors’ contribution to GDP a qualitative achievement

Contribution of tourism, retail, largest among other sectors

Why are hundreds of Twitter workers fleeing the company

Since Musk spoke to the social media company’s team in June