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Economics
Economy
UAE and Austria discuss strategic partnership developments, boosting cooperation
The UAE-Austria non-oil trade volume grew 18 percent YoY, hitting $1 billion in the first nine months of 2023
Economy
Oman forges industrial economic alliances with Saudi Arabia, Japan, and U.S.
The agreements aim to promote private sector involvement in the country's economic growth
Markets
Oil prices surge amid U.S. economic data disappointment, supply risks due to geopolitical risk
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
Logistics
Saudi Arabia’s non-oil exports surge by 4.4 percent to $5.82 billion in February
Rubber and plastic product exports in February fueled the rise in non-oil shipments
Economy
South Korea’s GDP grows 1.3 percent in Q1 2024 driven by export recovery
The country achieved its most rapid economic growth in more than two years
Economy
IMF establishes new regional office in Saudi Arabia, hosts joint conference on industrial policy for diversification
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
Technology
Samsung and Google to team up for next-level AI
Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones
Economy
Egypt to cut interest rates by 2 percent in May; inflation to decrease to 20 percent by end of 2024: Report
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
Worldwide
Brazil introduces measures to support small businesses, low-income families, and real estate market
The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia
Economy
UAE and Ecuador initiate negotiations for CEPA to boost trade, investment
In 2023, non-oil bilateral trade between the UAE and Ecuador reached $675 million
Real Estate
Sales of new U.S. single-family homes rebound 8.8 percent in March, reaching highest level since September
Median house price jumps to seven-month high, rising 7.4 percent YoY in Q1
Economy
Qatar, Bangladesh sign MoUs to foster cooperation in investment, education, sports, taxation, and legal fields
Qatar's Amir Sheikh Tamim bin Hamad Al-Thani visited Bangladesh lately and met with President Mohammed Shahabuddin
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