Economics

GCC infrastructure firms to hold up against 2024 refinancing needs: Report

Continued growth expected in both EBITDA and capital expenditure overall

DIEZ reports record 64.6 percent operating profit surge

Registered companies in Dubai's economic zones climbed by 15.3 percent

G20 FMCBG: Al Hussaini highlights UAE’s commitment to promoting financial inclusion and reducing inequalities

The minister highlighted the country's interest in strengthening economic and financial cooperation

Investopia 2024: Day 2 reviews strategic priorities to enhance global economic growth

The summit also discussed AI's role in the future of businesses and prospects for advanced technologies

UAE President honors higher committee overseeing strategy on anti-money laundering and counter-terrorism financing

In recognition of the UAE's removal from FATF’s list of “Jurisdictions under Increased Monitoring"

Egypt inks 7 agreements with international developers to attract $41 billion over 10 years

The agreements are centered in the fields of green hydrogen and renewable energy

Investopia 2024: MoU signed with Emirates Motor Company for cooperation in innovative transportation

The deal aims to develop innovative, sustainable solutions in the automotive industry

Investopia 2024: 11 panels exploring investment opportunities in new economy

The discussions highlighted urgency of investing in human capital, achieving carbon neutrality

Saudi CEOs’ confidence in Kingdom’s economic growth, AI Impact reaches 89 percent: Report

GenAI predicted to boost product quality, competitiveness, and workplace efficiency

Kuwait’s inflation reaches 3.28 percent in January 2024

The increase was driven by rising prices in clothing, food, education

64 percent of consumers in Saudi Arabia regard Ramadan as opportune time for new purchases: Report

Appetite for spending in the Kingdom soared 46 percent ahead of Ramadan 2024

UAE, Kenya conclude terms of CEPA to expand trade in multiple sectors

The deal focuses on key sectors, including logistics, healthcare, travel, and tourism

Unprecedented growth in consumer products sector: Price increases drive surge, exceeding 10-year average

New report finds 75 percent of global growth was due to price increases in 2023

Saxo Bank CEO in MENA predicts UAE’s economic growth to surpass 5.5 percent in 2024

Tech investments and financial services are driving growth in the country

Türkiye: New Central Bank Governor holds interest rates steady at 45 percent

The decision was widely anticipated following eight consecutive months of rate hikes

FedEx inaugurates $350.93 million hub at Dubai World Central

The new facility boasts AI-equipped high-speed X-ray machines

Major Tesla supplier Forvia to cut 10,000 jobs in Europe

Job cuts will be distributed across France, Germany, Poland, Spain

Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index

This positive development reflects the Kingdom's strategic shift away from oil dependence

Saudi Arabia’s GDP soars from $693.27 billion to $1.06 trillion

Saudi Arabia is ahead of investment targets, Saudi Minister of Investment states

113th Arab Economic & Social Council: UAE reiterates support for joint efforts to achieve sustainable economic development

H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new economy sectors

AD Ports Group reports $370.28 million in net profit for 2023

Growth primarily driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters