economy

Saudi Arabia launches massive summer 2025 tourism campaign to attract global visitors

Saudi Arabia's “Color Your Summer” invites visitors to explore six key destinations that offer a seamless blend of nature, adventure, and culture

What to expect from Elon Musk’s X as it unveils plans to launch investment, trading services

Plans are also underway to introduce an X-branded credit or debit card by the end of 2025

Global green building network rolls out new digital tool to support climate-resilient goals

The tool is intended to serve as both a diagnostic instrument and a platform for coordinated action between now and COP30

Saudi Arabia’s bank credit hits over $833 billion by April 2025 with 16.5 percent YoY growth

Quarterly growth of 5 percent indicates continued positive momentum in the banking sector for 2025.

Egypt aims for 4.5 percent economic growth as parliament passes FY2025/26 development plan

Real GDP growth is projected to rise from 2.4 percent in FY2023/24 to 3.8 percent in FY2024/25, then to 4.2 percent and 4.6 percent in FY2025/26 and FY2026/27, respectively, according to World Bank projections

Madinah’s tourism sector posts 18.7 percent growth as visitor numbers surge to 18 million

The growth in Madinah's tourism sector aligns with Saudi Arabia's broader strategy for attracting 150 million visitors by 2030

Turkey central bank holds interest rates at 46 percent amid geopolitical tensions

Market rates, such as the Turkish Lira Overnight Reference Rate (TLREF), have also aligned in the 46 percent range

Saudi Arabia’s PIF launches new company to build, operate facilities of Expo 2030 Riyadh

Company plans to lead the transformation of the Expo’s gated area into a global village to serve as a multicultural hub

UAE attracts over $45 billion in FDI in 2024, aims for $354 billion in six years: Sheikh Mohammed

The UAE ranked second only to the U.S. in the number of new FDI projects launched last year

Google contributes over $5.9 billion to UAE economy in 2024: Report

Google’s AI tools significantly enhanced productivity for individuals and enterprises in the UAE 

Bank of England maintains interest rates at 4.25 percent citing a “highly unpredictable world”

Governor emphasized that interest rates are on a gradual downward path for the U.K.

75 percent of new analytics content to leverage GenAI by 2027: Gartner

GenAI-powered analytics will enable dynamic decisions, transforming enterprise software and business processes.