Economy

Kuwait’s expat labor force up by 7.5 percent in H1 2023

Over 30 percent of Kuwait’s new labor force entrants are Indians

Saudi soccer investment spree part of broader diversification efforts

Sports, leisure, and entertainment among target sectors

Bahrain’s agricultural output jumps 36 percent

UAE agricultural output to reach $3.17 bn this year,

Turkish lira continues to strengthen following interest rate increase

Türkiye Central Bank implemented largest interest rate hike since 2018

BRICS: Shaping a new multipolar world order

Expansion process underway, admission framework yet to be finalized

BRICS faces divisions over expansion, common currency off the table

China urges expansion, says hegemony is not in its DNA

BRICS nations enjoy higher combined GDP than the G7

GDP per capita is still low in comparison

CBUAE’s total foreign assets reach AED592.11 bn in June 2023

Central Bank's public budget soared by 32.15 percent

UAE imposes AED76.9 mn in penalties on 225 companies for money laundering

goAML system combats money laundering and terrorist financing

BRICS: Empowering the global south and challenging Western hegemony

A discussions regarding a BRICS currency will not take place

India pushes de-dollarization with UAE

Moves also aim to strengthen Rupee and reduce hard currency outflows    

Where do remote workers want to live most? Dubai

39 percent of global workers will adopt hybrid work by the end of 2023

Saudi, UAE, Kuwait and Qatar household wealth among highest globally

Ratio of household debt to gross assets 5.5% in Saudi and 7.8% in UAE

Egypt’s stock market hits new high, gold recovers

The flagship EGX30 index grew by 0.54 percent

Federal Reserve: Policymakers split over rate hike

Commitment to bring inflation down to the target rate of two percent