economy

From access to agency: How Gen Z is transforming retail banking

The future of retail banking in the GCC will be shaped by how intentionally products are designed, and how effectively they enable people to act on what they believe

PwC: Middle East on track to achieve $4.68 trillion GDP by 2035

PwC estimates that if leveraged well, the Middle East would see an AI productivity boom amount to an additional 8.3 percentage points of growth between 2023 and 2035

What the Gulf’s industrial future needs: Strategy, discipline, and market competition

A critical factor for long-term growth and resilience is creating a dynamic, rules-based environment where markets, entrepreneurs, and businesses can compete, innovate, and experiment

EFG Hermes KSA: In prime position to capture growth opportunities

EFG Hermes KSA recently introduced securities borrowing and lending services, marking a significant expansion of its product portfolio

Beyond payments: How data, AI, and cybersecurity are redefining the financial ecosystem

J.K. Khalil, executive vice president and division president, East Arabia at Mastercard, shares his vision of a seamless, tech-powered future

Key takeaways from Trump-Putin summit: What lies ahead for U.S.-Russia relations? 

Key discussions centered on Ukraine, but no immediate solutions were proposed 

Jordan-GCC trade surges to $3.61 billion in first five months of 2025

Saudi Arabia topped the list with a trade volume exceeding JD1.691 billion ($2.38 billion) by the end of May

Abu Dhabi’s Al Reem Island records 38 percent rise in off-plan property prices in Q2 2025

The figures highlight the overall resilience of Abu Dhabi’s real estate sector and solidifies Al Reem Island’s strong competitive edge

New investment opportunities in Abu Dhabi and Al Ain: ADIO, DMT seeks proposals for community market projects

The initiative highlights the emirate’s commitment to sustainable development and community-focused urban planning

Crude oil prices fall to $66.67 ahead of Trump’s meeting with Putin

Expectations that U.S. interest rates may stay elevated for longer capped oil's gains

New inflation strategy from Türkiye central bank aims for 24 percent by end of 2025

Inflation in 2025 is projected to range between 25 percent and 29 percent according to forecasts

Fed expected to implement three 25-basis-point rate cuts in 2026

The U.S. Consumer Price Index for July reported a modest annual inflation rate increase of 2.7 percent