Africa

Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President

Adesina said the devastating African drought demands urgent, collective action to boost support and financing

Egypt to ensure foreign currency availability through maintaining flexible exchange rate

This represents a key condition for Egypt's $8 billion loan program signed with the IMF

Egypt’s GDP expected to reach 4 percent in FY 2024/2025: Ministry of Finance report

The report predicts an 18.1 percent average annual headline inflation rate

Egypt targets 3-5 year timeline for IPO program, finance minister reveals

Maait highlighted that Egypt is on track to achieve financial stability after facing a severe economic crisis

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt further plans to sell more state assets, which would reduce the state's role in the economy

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025

EFG Holding Group CEO Karim Awad: Investing in infrastructure and innovation to stay ahead

Future-proofing business key to meeting shareholder expectations and long-term success

Embracing new opportunities amid shifting global economic dynamics

Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA

Bain & Company on hitting sustainability goals, overcoming challenges and leveraging opportunities

70 percent of MENA organizations have clear targets, Bain & Company Middle East reveals

OPEC oil output dips in March amid voluntary cuts and export challenges

Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint

OPEC Secretary General predicts persistent global demand for oil in the coming decades

OPEC believes that the oil industry will need approximately $11.1 trillion by 2045