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Economics
Banking & Finance
UAE Central Bank’s effective strategies to fuel banking sector’s continued growth in 2024
The CBUAE has demonstrated its commitment to promoting economic and financial stability within the country
Markets
Oil prices extend gains ahead of anticipated Fed meeting, rising supply risks
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
Economy
EU commits $8 billion aid package to Egypt for migration management, trade expansion
Under the aid package, Egypt will receive a combination of grants and loans over the next three years
Economy
Economic and social reforms bolster Saudi Arabia’s stable credit ratings: Report
The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says
Economy
Global GDP to grow at 2.4 percent in 2024: Report
The improved projection is driven by the 2.1 percent growth surge anticipated in the U.S.
Economy
Housing costs propel Saudi Arabia’s inflation to 1.8 percent in February
Subcategory prices for housing, water, electricity, gas, and fuels rose 8.5 percent YoY
Economy
Booming hospitality, transport, and arts sectors fuel Saudi Arabia’s business growth in 2023
The ministry of commerce reported an increase in commercial registrations across various sectors
Economy
U.K.’s economic recovery bolstered as GDP surges in January
Retail and wholesaling sectors drive 0.2 percent monthly growth
Egypt
Egypt aims for $1.75 billion investments in communications & IT sector by 2023/2024
Private investments are estimated to reach approximately 63 percent of the total
Economy
Egypt’s inflation unexpectedly surges to 35.7 percent in February amid currency flotation
Sharp rise in food and beverage prices is key driver of inflation uptick
Bahrain
Bahrain’s Golden License attracts $2.4 billion in investment and 3,000 jobs from nine projects
Bahrain's Golden License aims to drive business attraction and economic growth
Economy
Moody’s upgrades Egypt’s credit outlook to positive following successful IMF deal
The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1
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