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Banking & Finance
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
Banking & Finance
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
Banking & Finance
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
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
Markets
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
Economy
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
Economy
Egypt to raise minimum wage for private-sector workers
The minimum wage increase reflects commitment to safeguarding workers' interests
Economy
Kristalina Georgieva positioned as only candidate for second term as managing director of IMF
Georgieva's current term is set to expire in September 2024
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
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