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Economy Middle East Summit
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Economics
Hospitality & Tourism
Travel and tourism industry set to surpass $11.1 trillion in global economic contribution in 2024: Report
The sector will surpass its previous record by an additional $770 billion, the report says
Economy
Abu Dhabi’s private sector achieves 35 percent growth, surpassing $92 billion in 2023
Significant contribution of family-owned businesses to this growth
Markets
Oil prices surge above $90, reaching highest level since October
The rise in prices is fueled by geopolitical tension and supply concerns
Economy
Eurozone business activity shows signs of recovery, with services sector leading the way
The manufacturing sector struggles, faces deeper downturn
Banking & Finance
Egypt’s foreign reserves jump to $40.36 billion in March
The reserves surged by 14.4 percent
Economy
Eurozone inflation drops to four-month low of 2.4 percent in March 2024
The market anticipates four ECB rate cuts, first in June
Economy
Türkiye’s inflation climbs to 68.5% as rate hikes fail to stem price rise
Education again saw the highest cost inflation at 104 percent year-on-year
Industry
Manufacturing sector in China sees growth in March, ending 6-month contraction
PMI data shows growth in export orders, slow employment decline
Energy
Oil prices surge on positive economic outlook, geopolitical concerns
China and U.S. demand boost prices amid Middle East conflict
Technology
UAE, Kenya to forge digital corridor, partner on AI, data centers, and digitalization
The data center projects will boast a total capacity of up to 1,000 megawatts
Economy
UAE dominates the entrepreneurship scene for third year in a row: Report
The UAE's historic score of 7.7 sets a new record, making it the highest in the history of the report
Economy
Saudi Arabia’s greenfield FDI inflows surge over two-fold to $28.78 billion
This figure surpassed the previous peak of $17.57 billion in 2018
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