Economics

Robots enable UAE ministry of finance to achieve 98 percent accuracy, save 39,000 hours

Robots enable UAE ministry of finance to achieve 98 percent accuracy, save 39,000 hours

Carrying out 1.8 million transactions

New economic licenses in Abu Dhabi attracted over $57.3 billion in capital investments in 2023

New economic licenses in Abu Dhabi attracted over $57.3 billion in capital investments in 2023

A total of 25,647 new economic licenses were issued in 2023

Central Bank of Egypt to convene amidst ongoing pound decline

Central Bank of Egypt to convene amidst ongoing pound decline

Can an agreement with IMF be expected?

China’s property giant Evergrande ordered to liquidate by Hong Kong court

China’s property giant Evergrande ordered to liquidate by Hong Kong court

As debt talks fail

Egypt explores issuing bonds in Emirati dirhams and Indian rupees, minister says

Egypt explores issuing bonds in Emirati dirhams and Indian rupees, minister says

Part of strategy to diversify financing options by targeting multiple markets

Omani banks’ net profits surge 18.6 percent to $1.17 billion in 2023

Banking & Finance

Omani banks’ net profits surge 18.6 percent to $1.17 billion in 2023

Favorable local indicators drive positive outcome

Dubai launches $136 million initiative to boost SMEs’ global expansion

Banking & Finance

Dubai launches $136 million initiative to boost SMEs’ global expansion

Initiative to offer competitive financing for local SMEs at competitive rates

Wall Street braces for a testing week

Wall Street braces for a testing week

Fed’s decision, companies' profits, and economic data all in focus

Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P

Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P

Anticipated devaluation of the pound beyond the current exchange rate

Davos: UAE ranks fourth globally in infrastructure quality

Davos: UAE ranks fourth globally in infrastructure quality

Country set to invest $2.45 billion to develop 127 projects over next 5 years

Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn

Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn

Strategy seeks to localize vaccine manufacturing, protect the environment

Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement

Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement

First upgrade since 2007