Economics

Oman’s GDP rose 1.9 percent in H1 2024, fueled by 3.6 percent non-oil growth: Central Bank

Despite global challenges, the Omani economy has demonstrated resilience in handling various economic shocks

UAE and Ukraine explore investment opportunities following CEPA signing, issue joint statement

CEPA aims to add about $369 million to UAE's GDP and $874 million to Ukraine's GDP

U.K. Minister pledges to strengthen ties with Saudi Arabia as bilateral trade hits $21 billion

Over 60 U.K. companies have regional headquarters in Saudi Arabia, employing around 30,000 British workers

WGS 2025: UAE extends Arab Government Excellence Award for another four years

This award promotes enhanced performance leadership in the public sector throughout the region

GASTAT: Saudi Arabia’s inflation rate hits 2.0 percent in January 2025

GASTAT highlighted that the Kingdom's inflation rate is considered the lowest among the G20 countries

Oil prices steady at $74.76 as Trump tariffs loom, Russia-Ukraine peace talks emerge

Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel

First-ever Global Government Regulatory Forum kicks off at World Government Summit 2025

The regulatory forum aims to provide an integrated platform that showcases the best and latest work models related to enacting regulations

Estithmar Holding’s revenues rise by 44 percent to $1.15 billion in FY2024

The company's net profit increases by 20 percent to $115.6 million

Egypt issues new guide to help investors understand rights, tax obligations

This initiative is designed to reassure both current and prospective investors regarding their future tax responsibilities

UAE is home to the GCC region’s most diversified economy, reveals Global Economic Diversification Index (EDI) 2025

Through its Policy Research Department, the Mohammed Bin Rashid School of Government strives to enrich government decision-making locally and internationally with datasets and evidence-based recommendations in diverse areas of public policies

Saudi Central Bank permits 4 fintech startups to operate under Regulatory Sandbox

This highlights SAMA’s ongoing commitment to advancing the Saudi fintech sector, promoting financial inclusion and innovation