Economics

Oil prices drop to 4-month low amid outsized increase in U.S. inventories

Oil prices drop to 4-month low amid outsized increase in U.S. inventories

Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel

Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report

Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report

The growth rates exceeded those of the post-COVID recovery in mid-2020

Dubai invests over $844 million in Senegal over 13 years: CEO of Dubai Chambers

Dubai invests over $844 million in Senegal over 13 years: CEO of Dubai Chambers

These investments have created more than 1,200 jobs in the Senegalese market

Egypt targets $30 billion in foreign direct investment in 2024/25 budget

Egypt targets $30 billion in foreign direct investment in 2024/25 budget

The country's general budget indicators show that total revenues are expected to be EGP2.6 trillion

Bahrain’s women empowerment index rises 30.6 percent since 2018, 50 percent surge in workplace and pension indicators: Report

Bahrain’s women empowerment index rises 30.6 percent since 2018, 50 percent surge in workplace and pension indicators: Report

The Kingdom achieved a full 100 score on expert opinions related to women starting and running a business

Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending

Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending

The pound devaluation and foreign investments alleviated the country’s currency crisis

Türkiye’s soaring 75.45 percent inflation rate reaches peak in May, Central Bank expects slowdown

Türkiye’s soaring 75.45 percent inflation rate reaches peak in May, Central Bank expects slowdown

Inflation would start to decelerate in June after reaching its maximum in May, Central Bank governor said

Türkiye’s robust domestic demand drives 5.7 percent Q1 2024 growth

Türkiye’s robust domestic demand drives 5.7 percent Q1 2024 growth

The country is heading towards more balanced and sustainable growth this year, says Finance Minister

UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister

UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister

The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022

Oil prices extend losses as U.S. product stockpiles grow, China activity slows

Oil prices extend losses as U.S. product stockpiles grow, China activity slows

Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel

Egypt’s trade balance deficit falls 23.2 percent to $2.37 billion in March

Egypt’s trade balance deficit falls 23.2 percent to $2.37 billion in March

The value of exports fell 10.9 percent year-over-year to $3.57 billion in March 2024

Oil prices steady amid caution over rate decision and inflation despite significant inventory decline

Oil prices steady amid caution over rate decision and inflation despite significant inventory decline

Brent oil futures for July delivery held steady at $83.61 per barrel