Economics

Urban inflation in Egypt declines for third consecutive month

Recorded 33.7 percent in December, down from 34.6 percent in November

ADX leads in Middle East IPO revenues, landmark agreements

Robust market witnessed six IPOs in 2023 valued at $5.57 bn

Global cooperation declined 2 percent from 2020 to 2022: WEF

Cooperation is possible even in midst of competition

Passion: Key leadership talent for innovation and achieving the targets of Saudi Vision 2030, global entrepreneurship

The kind of passion linked to a leader who has the desire to make a difference wherever they go 

Japanese yen records worst performance among top currencies in 2023

Yen decreases against dollar in spot transactions by 5.63 percent

Consumer spending in Saudi Arabia jumps to $47 bn month-on-month

Kingdom’s economy shows growth, driven by a strong private sector

UAE economy emerges as the most competitive as per Arab Monetary Fund

Continuous advancements key behind nation’s exceptional performance

Central Bank of Oman raises OMR29.45 mn through T-bills allotment

T-bills with a 28-day maturity were valued at OMR10 mn

Gold continues upward trend, surpasses $2,030 mark

Yellow metal set to record highest annual gains in three years

Mastercard 2024 outlook: Empowered consumers to balance price and priority

MENA consumers and businesses will face crucial decisions about spending and investing

UAE banking sector sets new record with AED4 trn in assets

Total bank credit reached AED1.982 trillion by the end of October

UAE President issues new law to establish Accountability Authority

New body aims to enhance the integrity of public finances, promote transparency

Iraq’s economic growth to decline in 2023, 2024 due to oil production cuts: IMF

IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion

IIF: GCC gross foreign assets set to reach $4.4 trn by 2024

GCC's foreign asset projections and shifting investment strategies