Economics

How Saudi Arabia accelerated Vision 2030 in 2025: Major projects, global forums, and FIFA World Cup 2034 hosting win

The Kingdom is diversifying its economy with strategic investments in tourism, entertainment, and technology sectors 

Abu Dhabi’s Sheikh Khaled to lead UAE delegation at Supreme Eurasian Economic Council meeting

UAE’s participation underscores growing diplomatic and economic ties with the Eurasian region 

U.S. economy faces stagflation, recession risks as JPMorgan lowers growth projections for 2025

Rising tariffs are dampening global economic momentum and reigniting domestic inflationary pressures 

AI to contribute 20 percent to UAE’s GDP by 2031 with market growing to $46.3 billion

In 2023, the UAE’s AI market was valued at approximately $3.5 billion

Saudi Arabia’s trade surplus hits $3.8 billion in April 2025, with China as top export destination

Exports totaled $24.1 billion, showcasing resilience in the trade sector 

U.S. current account deficit hits record high as foreign direct investment plummets to $52.8 billion in Q1 2025

The decrease coincided with heightened business uncertainty over President Trump's tariff proposals and policies.

How fiscal policy, increased public spending are shaping GCC economic resilience in 2025

Total public spending in GCC countries is projected to reach $542.1 billion in 2025 

Saudi Arabia closes June 2025 issuance of sukuk program at $627.8 million

The sukuk issuance was divided into five tranches, each with different maturities and sizes 

UAE Central Bank boosts gold reserves by 19.3 percent to $7.46 billion in Q1 2025

Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024 

Crude oil prices surge over 1 percent to above $67 amid Middle East stability

Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows

Non-oil activities in Saudi Arabia surge by 5.3 percent in 2024, reports GASTAT

Non-oil growth indicates positive trends across various economic sectors in Saudi Arabia for 2024