economy

GCC inflation rate increases 1.5 percent in September on rising housing prices

Among GCC countries, Kuwait recorded the highest annual inflation rate in September at 2.8 percent

Abu Dhabi establishes registration authority to strengthen business sector, introduce new licenses

The entity will develop a unified database for economic establishments in the emirate and its non-financial free zones

Oil prices decline to $76.22 as economic data overshadows supply concerns

U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42

How economic growth, rise of AI fuel dynamic labor market in UAE

The country sets a global standard in protecting workers' rights and providing a secure and stable work environment

Dubai awards $108.9 million contracts for second phase of Al Mamzar Beach Development Project

This phase focuses on improving the Al Mamzar Corniche beachfront, and is expected to finish by end of 2025

Saudi Arabia endorses 2025 annual borrowing plan with $37 billion funding target

This plan outlines key public debt developments for 2024, local market enhancements, and the 2025 funding strategy 

Oman forecasts $29 billion public revenue for 2025, 1.5 percent increase from 2024

Projections were informed by critical factors and data, based on an average oil barrel price of $60

Egypt’s economy to grow between 3.5 percent and 4.5 percent in 2025: Report

The IMF expects Egypt's economic growth to increase during 2025-2029 to around 5 percent

Bahrain Bourse launches comprehensive trading incentive scheme to boost market activity

An initiative designed to enhance participation and liquidity among market participants

Saudi Arabia trade balance surplus grows 30 percent to $5.5 billion in October 2024

This represents an increase of over $1.06 billion compared to September