Economics

Hospitality and tourism in the Middle East: Unstoppable moving forward

The region recorded the strongest relative increase in international arrivals in 2023, with visitor numbers reaching 83 percent of pre-pandemic levels

Rapid expansion of Saudi space economy to reach $31.6 billion by 2035: Report

The Kingdom’s space market is anticipated to reach $5.6 billion by 2035

Oil prices drop to $64.47 as U.S.-China trade war affects global growth outlook

Goldman Sachs expected oil prices to decline through 2026

Dubai gold prices up AED3.25, global rates retreat post tariff exemptions

Goldman Sachs hiked 2025 gold price target to $3,700/oz

Saudi Arabia sees 89 percent growth in tourist hospitality facilities in 2024

Makkah leads Saudi tourism surge with 1,030 new hospitality licenses

Sheikh Hamdan inaugurates DP World’s Nhava Sheva Business Park in India

His Highness: The UAE and India share a long-standing and deep-rooted economic partnership

Mashreq Bank partners with Goldman Sachs Asset Management for discretionary services

New partnership will allow Mashreq to provide discretionary services, enhancing its wealth management offerings

China consumer prices continue downward trend decline amid intensifying trade war

Country faces economic challenges as consumer prices fall for second month

UAE, Indonesia forge new agreements in economy, investment and renewable energy

Agreements established cooperation in security, Islamic affairs, and other areas for a holistic partnership

WTO warns U.S.-China trade tensions could slash global trade by 80 percent, risking 7 percent GDP drop

The preliminary estimate came as Trump raised tariffs on China but paused others for 90 days

Egypt annual urban consumer price inflation rises to 13.6 percent in March

Country aims for $60 billion in foreign direct investment, $145 billion in exports