economy

Qatar, Bangladesh sign MoUs to foster cooperation in investment, education, sports, taxation, and legal fields

Qatar's Amir Sheikh Tamim bin Hamad Al-Thani visited Bangladesh lately and met with President Mohammed Shahabuddin

Oil prices stabilize as focus shifts to U.S. economy, interest rates

The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices

UAE’s travel and tourism sector anticipated to contribute $64.25 billion to GDP in 2024: Report

According to the report, the number of jobs in the sector will increase by over 23,500, reaching nearly 833,000

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent

Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel

Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

Egypt’s net foreign assets deficit falls to $1.36 billion in March: CBE

International reserves increase to $40.361 billion from $35.311 billion in February

Inflation in Oman up 0.2 percent in March on rising food prices

Prices of food and non-alcoholic beverages group saw a significant rise of 3.4 percent

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years

Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent

SCZONE inked 14 agreements with major Chinese companies to boost investment