Economics

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

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

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

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

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

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’s GDP grows by 2.4 percent to $36.08 billion in 2023

This represents an increase from $35 billion in the previous year

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

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

Egypt to raise minimum wage for private-sector workers

The minimum wage increase reflects commitment to safeguarding workers' interests