Economics

Wall Street braces for a testing week

Fed’s decision, companies' profits, and economic data all in focus

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

Davos: UAE ranks fourth globally in infrastructure quality

Country set to invest $2.45 billion to develop 127 projects over next 5 years 

Red Sea disturbances impact shipping, raise prices 

Shipping costs skyrocketed by 200 percent, projected to experience further rises

Trade volume between UAE, Hong Kong surpassed $16 billion in 2023

Hong Kong recognizes UAE as a major trading partner

UAE’s used car market witnesses unprecedented growth in 2023

Exploring the driving forces behind the UAE's thriving pre-owned car market

Russia and India partner to create a digital economy in BRICS expansion

Both countries are also exploring a native BRICS currency

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative

Egypt's overall classification was affirmed at Caa1 in October 2023

UAE gears up to host next World Government Summit

High international representation expected as 4,000 participants set to attend summit

Egypt, Qatar to forge new investment joint strategy

Ongoing collaboration for the Egyptian-Qatari Business Forum

Saudi nationals employed in real estate surge 116 percent

Saudi citizens working in the private sector reached 2.3 million in 2023

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

Pioneering intellectual property and entrepreneurship: UAE introduces two new initiatives

Driving financing for intangible assets, boosting patent registration

Tunisia achieves full debt repayment for 2023 despite challenges

Country plans to repay $4 billion in foreign debt in 2024

AI law, council established to drive technological leadership in Abu Dhabi

UAE is at the forefront of AI technology and its implementation

Saudization of engineering professions: 25 percent implementation effective from July 21, 2024

Applies to all private sector establishments employing five or more engineers