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Economics
Markets
Gold prices recover from dip as Powell counters rate cut expectations
Central banks' record gold buying drives demand to new heights
Economy
Federal Reserve holds interest rates steady, Gulf banks follow suit
Powell: Long way to go on inflation
Economy
IMF revises Saudi Arabia’s economic growth forecast: 2.7 percent in 2024, 5.5 percent in 2025
Kingdom's economy achieved a growth rate of 8.7 percent in 2022
Banking & Finance
Investopia, London Stock Exchange explore potential collaboration and exchange best practices in fintech sector
H.E. Bin Touq participates in London Stock Exchange’s market close ceremony
Economy
IMF lifts 2024 global growth outlook
Fund raised concerns about risks posed by Red Sea attacks and ongoing conflict
Technology
Robots enable UAE ministry of finance to achieve 98 percent accuracy, save 39,000 hours
Carrying out 1.8 million transactions
Economy
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
Economy
Central Bank of Egypt to convene amidst ongoing pound decline
Can an agreement with IMF be expected?
Real Estate
China’s property giant Evergrande ordered to liquidate by Hong Kong court
As debt talks fail
Markets
Egypt explores issuing bonds in Emirati dirhams and Indian rupees, minister says
Part of strategy to diversify financing options by targeting multiple markets
Banking & Finance
Omani banks’ net profits surge 18.6 percent to $1.17 billion in 2023
Favorable local indicators drive positive outcome
Banking & Finance
Dubai launches $136 million initiative to boost SMEs’ global expansion
Initiative to offer competitive financing for local SMEs at competitive rates
Markets
Wall Street braces for a testing week
Fed’s decision, companies' profits, and economic data all in focus
Economy
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
Economy
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
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
Economy
Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement
First upgrade since 2007
Economy
U.S. economy grows more than expected despite high interest rates
Consumer spending remains strong
Logistics
Red Sea disturbances impact shipping, raise prices
Shipping costs skyrocketed by 200 percent, projected to experience further rises
Logistics
Trade volume between UAE, Hong Kong surpassed $16 billion in 2023
Hong Kong recognizes UAE as a major trading partner
Economy
Mitigating China’s economic crisis: Emphasizing proactive measures over remedial strategies
Concerns rise among Beijing policymakers over declining prices
Cars & Boats
UAE’s used car market witnesses unprecedented growth in 2023
Exploring the driving forces behind the UAE's thriving pre-owned car market
Economy
Russia and India partner to create a digital economy in BRICS expansion
Both countries are also exploring a native BRICS currency
Economy
Moody’s affirms ratings of five Egyptian banks, changes outlook to negative
Egypt's overall classification was affirmed at Caa1 in October 2023
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