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economy
Economy
Sheikh Mohammed announces Dubai’s non-oil foreign trade surpassing $544 billion ahead of schedule
Diverse sectors propelled Dubai's economic growth in 2023
Economy
Saudi Arabia maintains A++ rating with stable outlook: Fitch
Classification reflects Kingdom's robust external financial strength
Economy
Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities
Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector
Egypt
Egypt to auction $1 billion dollar-denominated treasury bills
Money supply (M2) grew by 19.92 percent year-on-year in December 2023
Economy
IMF grants $4.7 billion to Argentina for restoring macroeconomic stability
Total disbursements reach approximately $40.6 billion under IMF arrangement
Economy
CBE raises interest rates by 200 basis points: Is a currency devaluation on the horizon?
Gap widened between Egyptian pound's official and parallel markets rates
Economy
UAE emerges as premier choice for global workers seeking visas
Country's diverse and multicultural workforce is its greatest asset
Economy
BoE maintains interest rate unchanged at 5.25 percent for fourth consecutive time
Inflation target remains key focus
Industry
Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030
New company to help turn Kingdom into electronics, advanced industries hub
Banking & Finance
Julius Baer to exit private debt business following $689 million Signa losses
Annual profits plummeted 52 percent
Economy
Investopia London discusses fintech, digital transformation, new economy, and more
Four panel discussions, 200+ leaders and professionals
Markets
Gold prices recover from dip as Powell counters rate cut expectations
Central banks' record gold buying drives demand to new heights
Economy
Federal Reserve holds interest rates steady, Gulf banks follow suit
Powell: Long way to go on inflation
Economy
DIEZ approves Dubai Integrated Economic Zones strategy for 2024-2026
Strengthening Dubai's position as a leading regional and global destination for investment
Economy
IMF revises Saudi Arabia’s economic growth forecast: 2.7 percent in 2024, 5.5 percent in 2025
Kingdom's economy achieved a growth rate of 8.7 percent in 2022
Banking & Finance
Investopia, London Stock Exchange explore potential collaboration and exchange best practices in fintech sector
H.E. Bin Touq participates in London Stock Exchange’s market close ceremony
Economy
IMF lifts 2024 global growth outlook
Fund raised concerns about risks posed by Red Sea attacks and ongoing conflict
Technology
Robots enable UAE ministry of finance to achieve 98 percent accuracy, save 39,000 hours
Carrying out 1.8 million transactions
Economy
New economic licenses in Abu Dhabi attracted over $57.3 billion in capital investments in 2023
A total of 25,647 new economic licenses were issued in 2023
Economy
Central Bank of Egypt to convene amidst ongoing pound decline
Can an agreement with IMF be expected?
Real Estate
China’s property giant Evergrande ordered to liquidate by Hong Kong court
As debt talks fail
Markets
Egypt explores issuing bonds in Emirati dirhams and Indian rupees, minister says
Part of strategy to diversify financing options by targeting multiple markets
Banking & Finance
Omani banks’ net profits surge 18.6 percent to $1.17 billion in 2023
Favorable local indicators drive positive outcome
Banking & Finance
Dubai launches $136 million initiative to boost SMEs’ global expansion
Initiative to offer competitive financing for local SMEs at competitive rates
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