economy

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

Sheikh Hamdan launches Dubai Farms program to boost emirate’s sustainable agriculture sector

The program seeks to enhance crop sustainability for increased GDP contribution in the emirate

Saudi Arabia launches $11.2 billion tourism initiative, aims for 120,000 jobs

The new program aims to boost business and attract local and international investors

Emirati Talent Competitiveness Council approves Nafis budget of $1.74 billion for 2024

The meeting also approved the 2024 Emiratisation targets for the private sector

GCC infrastructure firms to hold up against 2024 refinancing needs: Report

Continued growth expected in both EBITDA and capital expenditure overall

DIEZ posts record 64.6 percent surge in annual operating profit in 2024

Registered companies in Dubai's economic zones climbed by 15.3 percent