Economy Middle East

economy

Egypt’s 50 percent minimum wage hike to take effect in March
Economy

Egypt’s 50 percent minimum wage hike to take effect in March

President implements urgent social protection package amidst currency concerns, IMF talks

UAE’s outlook soars as S&P predicts 5.3 percent GDP growth in 2024
Economy

UAE’s outlook soars as S&P predicts 5.3 percent GDP growth in 2024

Robust expansion in sight fueled by diverse sectors and stable banking environment

Diriyah project attracts $6 billion in private sector investments
Hospitality & Tourism

Diriyah project attracts $6 billion in private sector investments

Company to break ground on 11 new assets by the end of 2024

Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Hospitality & Tourism

Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward

Deals were signed during PIF Private Sector Forum

PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content
Saudi Arabia

PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content

Agreements align with the objectives outlined in Vision 2030

Qatar’s economic growth normalizing: IMF report highlights resilience, favorable outlook
Economy

Qatar’s economic growth normalizing: IMF report highlights resilience, favorable outlook

Expansion in LNG production and reforms to drive average growth of 5.5 percent

ADGM joins International Forum of Independent Audit Regulators
Markets

ADGM joins International Forum of Independent Audit Regulators

Strengthening regulatory ties across 56 jurisdictions

Saudi Arabia’s PIF attracted over $25 billion worth of investments in three years
Economy

Saudi Arabia’s PIF attracted over $25 billion worth of investments in three years

New Contractor Financing Program launched

Dubai welcomed 17.15 million international tourists in 2023, a surge of 19.4 percent
Hospitality & Tourism

Dubai welcomed 17.15 million international tourists in 2023, a surge of 19.4 percent

Further consolidating status as one of the top three global cities for business and leisure

Gold prices hold steady with market focus on this week’s Fed statements
Markets

Gold prices hold steady with market focus on this week’s Fed statements

Fed paving way for lower interest rates

Sheikh Mohammed announces Dubai’s non-oil foreign trade surpassing $544 billion ahead of schedule
Economy

Sheikh Mohammed announces Dubai’s non-oil foreign trade surpassing $544 billion ahead of schedule

Diverse sectors propelled Dubai's economic growth in 2023

Saudi Arabia maintains A++ rating with stable outlook: Fitch
Economy

Saudi Arabia maintains A++ rating with stable outlook: Fitch

Classification reflects Kingdom's robust external financial strength