economy

Saudi Crown Prince approves multiple agreements with Italy, Russia for visa exemptions

Another agreement was signed with Algeria to combat organized crime and enhance security cooperation

Fed’s Powell sparks July rate cut hopes with ambiguous comments

When asked whether July was too soon for a rate cut, Powell responded that he "can't say"

Oman and Egypt sign seven agreements to boost cooperation in trade, investment, labor

Talks aimed at strengthening bilateral relations align with directives from leaders of both nations

Dubai 24-carat gold price today drops to AED400.25 as U.S. data, Fed stance weigh in

Gold prices dipped slightly as investors awaited U.S. payroll data and Fed Chair's remarks

Crude oil prices climb 2 cents to $67.15 as OPEC+ supply decision looms

Saudi Arabia's shipments increased by 450,000 bpd in June, marking the highest levels in over a year

Economic recessions: What are the causes, consequences, and recovery strategies?

Rising tariffs and inflation pose significant risks to economic stability in the coming years

Saudi banks’ lending momentum accelerates 5.4 percent on corporate loan growth in Q1 2025

Saudi Arabia's aggregate loan-to-deposit ratio rose to 106.1 percent, the highest in recent quarters

Qatar Central Bank launches $1.4 billion in government bonds, sukuk with bank bids over $2.9 billion

Qatar's first green bond issuance launched in May, enhancing sustainability financing in the region 

Average inflation in GCC countries declines to 1.7 percent reflecting effective economic policies

Economic policies effectively managed inflationary pressures, contributing to stability in the region 

Qatar reports $49.85 billion GDP growth driven by non-hydrocarbon activities in Q1 2025

Non-hydrocarbon economy contributed 63.6 percent to GDP, showcasing strong diversification efforts

Saudi Arabia’s PIF reports 18 percent asset growth reaching $1.51 trillion by 2024

The Fund announced 25 percent revenue increase driven by major portfolio companies