economy

Bahrain’s economy grows 2.1 percent in Q3 2024 on non-oil sector expansion

The contributions of non-oil activities to real GDP reached 86.4 percent in Q3 2024

ATM 2025 to address soaring growth within aviation sector from April 28 to May 1, 2025

New technology, sustainable aviation, corporate travel, and the ‘gate escape’ to be discussed in detail

Egypt targets 5-6 percent GDP contribution from mining sector

The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025 

Egypt’s net foreign reserves surge to $47.109 billion in December 2024

At the close of August 2024, Egypt's net international reserves reached $46.597 billion

BRICS bloc officially welcomes Indonesia as new member

Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development

Qatar Chamber issues 154,778 transactions in 2024, up 67 percent

These transactions comprised 50,262 certificates of origin, with 49,405 being issued electronically

Saudi Arabia’s Q4 2024 sees 67 percent rise in commercial registrations, surpassing 160,000

This increase showcases notable growth and advancement in the Kingdom's commercial environment

GCC inflation rate increases 1.5 percent in September on rising housing prices

Among GCC countries, Kuwait recorded the highest annual inflation rate in September at 2.8 percent

Abu Dhabi establishes registration authority to strengthen business sector, introduce new licenses

The entity will develop a unified database for economic establishments in the emirate and its non-financial free zones

Oil prices decline to $76.22 as economic data overshadows supply concerns

U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42

How economic growth, rise of AI fuel dynamic labor market in UAE

The country sets a global standard in protecting workers' rights and providing a secure and stable work environment

Dubai awards $108.9 million contracts for second phase of Al Mamzar Beach Development Project

This phase focuses on improving the Al Mamzar Corniche beachfront, and is expected to finish by end of 2025