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Economics
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
Economy
Saudi Arabia tops GCC ranking in Statistical Performance Index: World Bank
Jumping 25 places
Markets
India’s equity market surpasses Hong Kong with $4.33 trillion market capitalization
Becomes fourth-largest stock market globally
Real Estate
UAE office spaces set to expand with 44,000 sq. m. of quality additions to Dubai by 2024: Report
Dubai received 92,000 sq.m. of office spaces in 2023
Economy
UAE gears up to host next World Government Summit
High international representation expected as 4,000 participants set to attend summit
Economy
Egypt, Qatar to forge new investment joint strategy
Ongoing collaboration for the Egyptian-Qatari Business Forum
Real Estate
Saudi nationals employed in real estate surge 116 percent
Saudi citizens working in the private sector reached 2.3 million in 2023
Economy
PwC: 73 percent of regional CEOs confident in GenAI’s game-changing influence on business landscape
81 percent of GCC CEOs foresee improved economic growth
Hospitality & Tourism
Saudi Arabia aims for 150 million visitors by 2030, eyes $200 billion boost to economy
Tourism sector's contribution to the GDP increased by 4.5 percent year-on-year
Technology
Pioneering intellectual property and entrepreneurship: UAE introduces two new initiatives
Driving financing for intangible assets, boosting patent registration
Economy
Tunisia achieves full debt repayment for 2023 despite challenges
Country plans to repay $4 billion in foreign debt in 2024
Technology
AI law, council established to drive technological leadership in Abu Dhabi
UAE is at the forefront of AI technology and its implementation
Economy
Saudization of engineering professions: 25 percent implementation effective from July 21, 2024
Applies to all private sector establishments employing five or more engineers
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