Economics

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

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

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

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

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

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

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’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

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

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

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

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

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

How to open a bank account in the UAE

The UAE offers a diverse range of personal bank account options for both residents and non-residents

Egypt’s trade balance deficit falls 23.2 percent to $2.37 billion in March

The value of exports fell 10.9 percent year-over-year to $3.57 billion in March 2024

Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion

The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment

Oman Central Bank issues T-bills worth $57.24 million

The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent

Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report

The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said

Oil prices maintain stability following recovery from 3-month low, investors await inflation data

Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel

UAE tourism sector contributed $59.89 billion to GDP in 2023, generated 809,000 job opportunities

Projections suggest that the number of job opportunities will increase to 833,000 in 2024

Third edition of Make It in the Emirates Forum begins in Abu Dhabi, focusing on investment, innovation and growth

The forum features a diverse range of participants, including government, business, and financial representatives