Economics

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

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

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

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

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.

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

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

U.K.’s economic recovery bolstered as GDP surges in January

Retail and wholesaling sectors drive 0.2 percent monthly growth

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

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’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

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