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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
Ministry of Economy organises workshop on implementing zero-bureaucracy program
Program to streamline and simplify government services while reducing turnaround times
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
Economy
Egypt raises interest rates, allows free trading of pound to spur GCC investments
Egypt's international bonds surged after CBE’s announcement
Banking & Finance
New acceleration program for women-led startups launched in UAE
The program seeks to promote economic equality between genders
Economy
Investor confidence high, UAE and Saudi Arabia set for gains this year: EFG Hermes official
Dependence on oil, high inflation rates and external debt are some challenges frontier and emerging markets in the MENA regions face
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