Economy Middle East

Economics

Sharjah rises to 4th in GCC region, 7th in MENA in 2024 Global Startup Ecosystem Rankings
Banking & Finance

Sharjah rises to 4th in GCC region, 7th in MENA in 2024 Global Startup Ecosystem Rankings

Sharjah also featured in the Top 15 rankings for both the Knowledge and Performance categories

Kuwait’s robust financial assets, projected at 418 percent of GDP, underpin ‘A+’ sovereign rating, stable outlook: Report
Economy

Kuwait’s robust financial assets, projected at 418 percent of GDP, underpin ‘A+’ sovereign rating, stable outlook: Report

The report highlighted the ongoing structural and financial reforms in the country

Oil prices stabilize as traders await OPEC meeting, Fed cues
Markets

Oil prices stabilize as traders await OPEC meeting, Fed cues

Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel

The rise of the digital economy: Banks as architects of GCC’s financial future
Economy

The rise of the digital economy: Banks as architects of GCC’s financial future

Open banking and digital payments among technologies that drive transformation in the finance industry

Green finance is funding sustainable progress in MENA
MENA

Green finance is funding sustainable progress in MENA

Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023

Fintech’s future is in the palm of users’ hands — literally
Interviews

Fintech’s future is in the palm of users’ hands — literally

How Astra Tech’s Palm Pay is revolutionizing contactless payment

How China’s economic rise is strengthening the logistics transformation of the Middle East
Logistics

How China’s economic rise is strengthening the logistics transformation of the Middle East

Saudi Arabia and UAE are the Asian giant’s valuable trading partners

UAE’s non-oil private sector resilient in May, PMI holds steady at 55.4: Report
Economy

UAE’s non-oil private sector resilient in May, PMI holds steady at 55.4: Report

Firms in the UAE experienced a record increase in outstanding business levels in May, the report highlighted

OPEC oil output rises in May, reaching 26.63 million barrels per day
Energy

OPEC oil output rises in May, reaching 26.63 million barrels per day

This represents an increase of 145,000 bpd from April

Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion
Logistics

Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion

Oman's trade balance rose 35 percent to $6.75 billion in the same quarter

Oil prices climb amid optimism for rate cuts, despite inventory build and demand concerns
Markets

Oil prices climb amid optimism for rate cuts, despite inventory build and demand concerns

Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel

Oman sovereign wealth fund’s assets reach $49.9 billion in 2023, up 7.4 percent YoY
Economy

Oman sovereign wealth fund’s assets reach $49.9 billion in 2023, up 7.4 percent YoY

The return on investment for 2023 stood at 9.95 percent