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Economy
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
Economy
IMF’s Georgieva urges China to address economic slowdown, enhance productivity
The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies
Markets
UAE gold prices decline as geopolitical uncertainty boosts bullion’s global appeal
Gold maintains safe-haven appeal despite Federal Reserve's stance on rates
Economy
IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Egypt
Egypt to build 2 solar power stations with $20.6 million in EU funding
Projects signal Egypt's commitment to renewable energy expansion and economic development
Op-eds
Embracing new opportunities amid shifting global economic dynamics
Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA
Energy
Oil prices break free from tight range as geopolitical risk rises
OPEC sees demand growing by 2.25 million barrels per day in 2024
Hospitality & Tourism
Dubai sees 18 percent rise in overnight visitors to 3.67 million in first two months of 2024
Western Europe leads number of visitors to Dubai with 773,000 tourists
Economy
Eurozone business activity shows signs of recovery, with services sector leading the way
The manufacturing sector struggles, faces deeper downturn
Banking & Finance
Digital wallets empower financial inclusion and cross-border payments: Visa report
The global volume of digital wallets is forecasted to reach $12 trillion annually by 2028
Economy
Eurozone inflation drops to four-month low of 2.4 percent in March 2024
The market anticipates four ECB rate cuts, first in June
Egypt
Telecom Egypt, EXA Infrastructure forge agreement to boost data traffic
Leveraging Egypt's strategic location to revolutionize international data connectivity
Energy
Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO
Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses
Economy
EU commits $8 billion aid package to Egypt for migration management, trade expansion
Under the aid package, Egypt will receive a combination of grants and loans over the next three years
Hospitality & Tourism
Dubai sees 21 percent jump in international tourists at 1.77 million for January 2024
Western Europe leads source markets as Dubai continues to attract global tourists
Energy
LNG market disrupted by Red Sea crisis, prices fall sharply
Stability attributed to relatively mild winter, robust stockpiles
Economy
Unprecedented growth in consumer products sector: Price increases drive surge, exceeding 10-year average
New report finds 75 percent of global growth was due to price increases in 2023
Technology
Chinese EV company XPENG to expand into UAE
Chinese electric vehicle giant sets sights on EMEA market
Egypt
Telecom Egypt and 4iG cooperate on express subsea cable project
The agreement supports Egypt's efforts to expand its international digital infrastructure
Economy
IMF lifts 2024 global growth outlook
Fund raised concerns about risks posed by Red Sea attacks and ongoing conflict
Markets
Gold prices surge as Fed’s interest rate decision nears
Rising geopolitical risks and monetary policy uncertainty drive investors towards safe-haven assets
Economy
Investopia London: UAE explores fintech and innovation partnerships with Britain
Visit to launch the second edition of Investopia Global Talks in Europe
Economy
ECB interest rates remain unchanged amid inflationary concerns
Increased focus on inflation targets and monetary policy flexibility
Sustainability
90 percent of European banks exposed to financial, reputational risks from decarbonization: ECB
Credit portfolios fall short of Paris Agreement ambitions
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