Economics

Oil prices stabilize as traders await OPEC meeting, Fed cues

Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel

The rise of the digital economy: Banks as architects of GCC’s financial future

Open banking and digital payments among technologies that drive transformation in the finance industry

Green finance is funding sustainable progress in MENA

Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023

Fintech’s future is in the palm of users’ hands — literally

How Astra Tech’s Palm Pay is revolutionizing contactless payment

How China’s economic rise is strengthening the logistics transformation of the Middle East

Saudi Arabia and UAE are the Asian giant’s valuable trading partners

UAE’s non-oil private sector resilient in May, PMI holds steady at 55.4: Report

Firms in the UAE experienced a record increase in outstanding business levels in May, the report highlighted

OPEC oil output rises in May, reaching 26.63 million barrels per day

This represents an increase of 145,000 bpd from April

Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion

Oman's trade balance rose 35 percent to $6.75 billion in the same quarter

Oil prices climb amid optimism for rate cuts, despite inventory build and demand concerns

Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel

Arab economies projected to grow by 3.3 percent in 2024 as inflation declines: Report

The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023

Qatar’s non-oil private sector posts robust growth with 53.6 PMI in May

Output and new orders increased at the fastest rates since Q3 2023