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Economics
Economy
IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Economy
Qatar’s inflation drops 1.4 percent in March on lower food and beverage prices
The CPI reached 106.67 points in March
Markets
Oil prices climb on China’s economic growth, Middle East tensions
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
Economy
World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025
The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025
Banking & Finance
The World Bank: MENA can be an engine for change, partner for sustainable future
Region must tackle important structural reform agenda to ensure peace and stability
Banking & Finance
Qatar Central Bank’s foreign reserves surge 5.2 percent to $67.9 billion in March
The official reserves at the end of March 2024 increased by $3.11 billion
Banking & Finance
Egypt’s budget surplus soars to $8.74 billion in first nine months of FY 2023/2024
This marks a substantial growth compared to $1.05 billion in the same period in FY 2022/2023
Bahrain
Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023
This represents an increase from $35 billion in the previous year
Markets
Oil prices surge amid escalating Middle East tensions, economic data in focus
Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel
Economy
Egypt’s inflation rate decelerates to 33.3 percent in March
Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February
Economy
Egypt to raise minimum wage for private-sector workers
The minimum wage increase reflects commitment to safeguarding workers' interests
Economy
Kristalina Georgieva positioned as only candidate for second term as managing director of IMF
Georgieva's current term is set to expire in September 2024
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