Economics

UAE dominates the entrepreneurship scene for third year in a row: Report

The UAE's historic score of 7.7 sets a new record, making it the highest in the history of the report

Saudi Arabia’s greenfield FDI inflows surge over two-fold to $28.78 billion

This figure surpassed the previous peak of $17.57 billion in 2018

Egyptian PM aims to bring down prices of essential goods by 15-20 percent

The government's price reduction plan is set to ease burden on citizens

Türkiye’s Central Bank shocks markets with unexpected key interest rate increase

TCMB raised key interest rate from 45 percent to 50 percent

Bank of England maintains interest rate at 5.25 percent, but cut looms near

The bank’s committee is worried as wage growth outpaces inflation at 6 percent

UAE’s overseas investments surpass $2.5 trillion mark in early 2024

One such landmark deal is the historic $35 billion investment agreement with Egypt for the development of Ras Al Hekma

UAE industrial exports surge to $50.9 billion in 2023, marking 61 percent growth

Sheikh Mohammed bin Rashid chaired UAE Cabinet meeting, reviewing accomplishments of industrial sector

Bitcoin: Is the cryptocurrency really back?

From abysmal lows to historic highs and rapid descends, Bitcoin is doing what it does best