economy

Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P

Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P

Anticipated devaluation of the pound beyond the current exchange rate

Davos: UAE ranks fourth globally in infrastructure quality

Davos: UAE ranks fourth globally in infrastructure quality

Country set to invest $2.45 billion to develop 127 projects over next 5 years

Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn

Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn

Strategy seeks to localize vaccine manufacturing, protect the environment

Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement

Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement

First upgrade since 2007

U.S. economy grows more than expected despite high interest rates

U.S. economy grows more than expected despite high interest rates

Consumer spending remains strong

Red Sea disturbances impact shipping, raise prices

Red Sea disturbances impact shipping, raise prices

Shipping costs skyrocketed by 200 percent, projected to experience further rises

Trade volume between UAE, Hong Kong surpassed $16 billion in 2023

Trade volume between UAE, Hong Kong surpassed $16 billion in 2023

Hong Kong recognizes UAE as a major trading partner

Mitigating China’s economic crisis: Emphasizing proactive measures over remedial strategies

Mitigating China’s economic crisis: Emphasizing proactive measures over remedial strategies

Concerns rise among Beijing policymakers over declining prices

UAE’s used car market witnesses unprecedented growth in 2023

UAE’s used car market witnesses unprecedented growth in 2023

Exploring the driving forces behind the UAE's thriving pre-owned car market

Russia and India partner to create a digital economy in BRICS expansion

Russia and India partner to create a digital economy in BRICS expansion

Both countries are also exploring a native BRICS currency

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative

Egypt's overall classification was affirmed at Caa1 in October 2023

Saudi Arabia tops GCC ranking in Statistical Performance Index: World Bank

Saudi Arabia tops GCC ranking in Statistical Performance Index: World Bank

Jumping 25 places