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Economics
Economy
Urban inflation in Egypt declines for third consecutive month
Recorded 33.7 percent in December, down from 34.6 percent in November
Markets
ADX leads in Middle East IPO revenues, landmark agreements
Robust market witnessed six IPOs in 2023 valued at $5.57 bn
Hospitality & Tourism
Saudi’s Premium Residency Center launches five new offerings to attract talent and investments
Initiative aims to further advance the country's economic transformation
Industry
Northern Borders region in Saudi Arabia draws SAR74.3 bn in investment
Sees 58 percent surge in factory growth
Banking & Finance
Saudi Arabia’s PIF expands stake in Japan’s Koei Tecmo to 6.6 percent
Up from 5.56 percent
Economy
GCC countries projected to reach 3.6 percent and 3.8 percent growth in 2024 and 2025: WBG
Global economic growth to record 2.4 percent growth in 2024
Hospitality & Tourism
UAE launches annual tourism campaign, the ‘Most Beautiful Winter in the World’
Goal is to reach AED450 bn GDP contribution by 2031
Economy
Global cooperation declined 2 percent from 2020 to 2022: WEF
Cooperation is possible even in midst of competition
Op-eds
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
Markets
Japanese yen records worst performance among top currencies in 2023
Yen decreases against dollar in spot transactions by 5.63 percent
Economy
Consumer spending in Saudi Arabia jumps to $47 bn month-on-month
Kingdom’s economy shows growth, driven by a strong private sector
Economy
UAE economy emerges as the most competitive as per Arab Monetary Fund
Continuous advancements key behind nation’s exceptional performance
Economy
Türkiye maintains monetary tightening, raises interest rate to new heights
Bank said tightening measures nearing end of cycle
Economy
Central Bank of Egypt holds interest rates steady for third time in a row
Maintaining credit and discount rate at 19.75 percent
Industry
Electricity and water sectors drive growth in Qatar’s industrial production index
Index rose by 1.7 percent in Q3
Markets
Central Bank of Oman raises OMR29.45 mn through T-bills allotment
T-bills with a 28-day maturity were valued at OMR10 mn
Markets
Gold continues upward trend, surpasses $2,030 mark
Yellow metal set to record highest annual gains in three years
Economy
Qatar’s 2024 budget approved: Total revenues to exceed $55 bn
Law will come into effect on January 1, 2024
Economy
Mastercard 2024 outlook: Empowered consumers to balance price and priority
MENA consumers and businesses will face crucial decisions about spending and investing
Economy
Will the new Emir of Kuwait Sheikh Mishal launch his reign with a wave of reforms?
IMF expects 0.1 percent GDP growth rate this year
Banking & Finance
UAE banking sector sets new record with AED4 trn in assets
Total bank credit reached AED1.982 trillion by the end of October
Economy
UAE President issues new law to establish Accountability Authority
New body aims to enhance the integrity of public finances, promote transparency
Economy
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
Economy
IIF: GCC gross foreign assets set to reach $4.4 trn by 2024
GCC's foreign asset projections and shifting investment strategies
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