Economy

Saudi economic diversification towards an oil-independent financial future

“The Fund”: a decrease of about 20% in the direct share of oil in the GDP

Egypt’s Minister of Planning: The government backs flexible pound

"Egypt working hard to increase foreign direct investment"

Expect a significant increase in Euro interest rates on Thursday

Fitch: A recession in the euro area is likely as gas crisis worsens

Liz Truss succeeds Boris Johnson as British Prime Minister

She vowed to keep her election promises, boost economic growth

Bahrain to restructure board of wealth fund Mumtalakat

The Fund's assets totaled $18.4 bln in 2021

Saudi non-oil sector purchases at highest level in 7 years

Total new orders rose at the fastest pace since October

UAE non-oil private sector grows at fastest pace in 38 months

Future sentiment drops to its lowest level in 17 months

How does the Fed read the jobs report?

August inflation figures expected for release in first half of this month

IMF: Lebanon’s new banking secrecy law has major shortcomings

The Lebanese president refused on Wednesday to sign the bill

UK inflation could top over 22%: Goldman Sachs

Well above the baseline forecast of 14.8%

Lebanon records triple-digit inflation for the 25th straight month

Water, electricity, gas costs jumped 460% in one year

Türkiye’s GDP beats expectations.. 7.6% growth in Q2

Driven by strong exports as well as domestic and foreign demand

Saudi is fastest growing major economy globally

Kingdom quickly recovered from pandemic-induced recession

UAE to celebrate ‘Emirati Women’s Day’ on Sunday

Under the slogan "Inspiring Reality .. Sustainable Future”

Exclusive: Technology and empathy keys to CX success

Simplify the experience and lower the cost

Slower contraction of the US economy in Q2

A decline of initial claims for state unemployment benefits

Expats face uncertain future following massive Kuwaitization drive

Up to 750,000 Egyptians looking at one-way trip home 

Egypt said “Fund” agreement near, but are conditions met?

The government announced refusal to lift subsidies on bread

White House shaves off 2.4% from US economic growth in 2022

With Omicron's return, the Ukraine war, inflation, and interest rate hikes