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Economics
Banking & Finance
Sharjah rises to 4th in GCC region, 7th in MENA in 2024 Global Startup Ecosystem Rankings
Sharjah also featured in the Top 15 rankings for both the Knowledge and Performance categories
Economy
Kuwait’s robust financial assets, projected at 418 percent of GDP, underpin ‘A+’ sovereign rating, stable outlook: Report
The report highlighted the ongoing structural and financial reforms in the country
Markets
Oil prices stabilize as traders await OPEC meeting, Fed cues
Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel
Economy
The rise of the digital economy: Banks as architects of GCC’s financial future
Open banking and digital payments among technologies that drive transformation in the finance industry
MENA
Green finance is funding sustainable progress in MENA
Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023
Interviews
Fintech’s future is in the palm of users’ hands — literally
How Astra Tech’s Palm Pay is revolutionizing contactless payment
Logistics
How China’s economic rise is strengthening the logistics transformation of the Middle East
Saudi Arabia and UAE are the Asian giant’s valuable trading partners
Economy
UAE’s non-oil private sector resilient in May, PMI holds steady at 55.4: Report
Firms in the UAE experienced a record increase in outstanding business levels in May, the report highlighted
Energy
OPEC oil output rises in May, reaching 26.63 million barrels per day
This represents an increase of 145,000 bpd from April
Logistics
Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion
Oman's trade balance rose 35 percent to $6.75 billion in the same quarter
Markets
Oil prices climb amid optimism for rate cuts, despite inventory build and demand concerns
Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel
Economy
Oman sovereign wealth fund’s assets reach $49.9 billion in 2023, up 7.4 percent YoY
The return on investment for 2023 stood at 9.95 percent
Economy
Arab economies projected to grow by 3.3 percent in 2024 as inflation declines: Report
The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023
Economy
Qatar’s non-oil private sector posts robust growth with 53.6 PMI in May
Output and new orders increased at the fastest rates since Q3 2023
Markets
Oil prices drop to 4-month low amid outsized increase in U.S. inventories
Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel
Economy
Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report
The growth rates exceeded those of the post-COVID recovery in mid-2020
Economy
Dubai invests over $844 million in Senegal over 13 years: CEO of Dubai Chambers
These investments have created more than 1,200 jobs in the Senegalese market
Economy
Egypt targets $30 billion in foreign direct investment in 2024/25 budget
The country's general budget indicators show that total revenues are expected to be EGP2.6 trillion
Bahrain
Bahrain’s women empowerment index rises 30.6 percent since 2018, 50 percent surge in workplace and pension indicators: Report
The Kingdom achieved a full 100 score on expert opinions related to women starting and running a business
Economy
Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending
The pound devaluation and foreign investments alleviated the country’s currency crisis
Economy
Türkiye’s soaring 75.45 percent inflation rate reaches peak in May, Central Bank expects slowdown
Inflation would start to decelerate in June after reaching its maximum in May, Central Bank governor said
Economy
Türkiye’s robust domestic demand drives 5.7 percent Q1 2024 growth
The country is heading towards more balanced and sustainable growth this year, says Finance Minister
Economy
UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister
The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022
Markets
Oil prices extend losses as U.S. product stockpiles grow, China activity slows
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
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