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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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economy
Bahrain
Bahrain Bourse launches comprehensive trading incentive scheme to boost market activity
An initiative designed to enhance participation and liquidity among market participants
Industry
Saudi Arabia trade balance surplus grows 30 percent to $5.5 billion in October 2024
This represents an increase of over $1.06 billion compared to September
Economy
UAE’s GDP expected to reach $462.8 billion for the first time: Sheikh Mohammed
Foreign trade to surpass $762.3 billion
Egypt
Egypt’s food exports surge to $5.5 billion in first 11 months of 2024
Surpassing the total exports for the entirety of 2023, which were recorded at $5.068 billionĀ
Economy
Abu Dhabi’s Q3 2024 GDP expands 4.5 percent, marking record quarterly high of $82.2 billion
Non-oil sector grew 6.6 percent, showcasing the emirate's strong economic momentum
Markets
ADGM announces 50 percent fee reductions on commercial licenses for non-financial, retail businesses
The new decision took effect on January 1, 2025
Banking & Finance
Abu Dhabiās Mubadala rises as leading global sovereign investor in 2024
Mubadala and its subsidiaries invested in 2024 $29.2 billion, up from $17.5 billion in 2023
Markets
Strong economy boosts UAE stock markets, resulting in $70 billion market cap growth
By the end of 2024, the Dubai and Abu Dhabi stock exchanges' market cap exceeded $1.06 trillion
Economy
Saudi womenās labor force participation hits 36.2 percent in Q3 2024
Among Saudi nationals, the labor force participation grew by 0.7 percentage points in Q3 2024, reaching 51.5 percent
Banking & Finance
Egypt receives first $1.03 billion EU funding installment
Discussions are currently in progress to approve a second tranche of $4.14 billion
Miscellaneous
Dubai Duty Free posts record $2.15 billion in annual turnover for 2024
December set a record with sales reaching AED821.94 million ($223.8 million)
Banking & Finance
Saudi Arabiaās public investment funds assets jump 37 percent to $42.6 billion at end of Q3 2024
The subscriber count saw a remarkable increase of 51 percent, translating to nearly 528,000 additional subscribers
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