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.

Ministry of Economy organises workshop on implementing zero-bureaucracy program

Program to streamline and simplify government services while reducing turnaround times

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

Egypt raises interest rates, allows free trading of pound to spur GCC investments

Egypt's international bonds surged after CBE’s announcement

New acceleration program for women-led startups launched in UAE

The program seeks to promote economic equality between genders

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