Skip to main content Skip to footer ![Dubai’s Mashreq expands into Oman with tailored financial corporate services to support Vision 2040](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/mashreq-oman.jpg/w=1024,h=683)
The bank aims to nurture resilient entrepreneurial talent and foster a dynamic, knowledge-driven economy
![Saudi Aramco CEO anticipates 1.3 million barrels per day increase in oil demand this year](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Saudi-Aramco-oil-market-outlook.jpg/w=1024,h=683)
Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million
![UAE banking sector assets reach $1.21 trillion with 1.3 percent growth by October 2024: Central Bank](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/cbuae-gross-assets.jpg/w=1024,h=683)
Gross credit rose by 0.6 percent to AED2.174 trillion by October 2024
![Saudi Arabia GDP growth rate projected at 4 percent from 2025 to 2027: S&P](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Saudi-banking2-1-1.jpg/w=1024,h=576)
Vision 2030 initiatives expected to boost non-oil growth by 10 percent in the Kingdom
![stc Group among world’s top 10 telecom brands and strongest in the Middle East & Africa](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/stc-group.jpeg/w=1024,h=683)
The Group remains the most valuable telecom brand in the Middle East & Africa for five years
![World Bank forecasts Egypt’s economic growth at 4.2 percent in FY2025/26 amid inflation relief](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Egypt-economy-1.jpg/w=1024,h=683)
This GDP growth is driven by private consumption, easing inflation, strong remittances, and improved sentiment
![Oil prices drop to $80.6 as Trump declares national energy emergency](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Oil-pricesjpg.jpg/w=1024,h=683)
West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel
![Sharjah Islamic Bank posts record profit of $313.1 million in 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Sharjah-Islamic-Bank.jpg/w=1024,h=683)
Total profit from financing grew 20.6 percent, reaching AED3.7 billion in 2024
![Saudi Real Estate Price Index Q4 2024: 3.6 percent annual growth driven by residential, commercial sectors](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Real-Estate-Price-Index-Saudi-Arabia.jpg/w=1024,h=683)
Findings indicated a 5.0 percent rise in commercial property prices for the quarter
![Saudi Q4 2024 Consumer Report: Over 200,000 inspections conducted to protect consumers](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Saudi-consumer-protection-1.jpg/w=1024,h=683)
The report outlined measures to combat commercial fraud, managing over 150,000 complaints
![Riyadh to host Global Labor Market Conference featuring 45 labor ministers, 200 experts](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Riyadh-Saudi-Arabia-labor-market-conference.jpg/w=1024,h=683)
The event will focus on international collaboration and youth employment
![IMF projects 3.3 percent global growth in 2025, inflation to fall to 3.5 percent by 2026](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/IMF-global-growth-outlook-2025.jpg/w=1024,h=683)
Despite the stable global growth forecast, disparities among countries are widening