Economy Middle East

GCC

U.S. Federal Reserve likely to keep interest rates unchanged this week as inflation rises
Economy

U.S. Federal Reserve likely to keep interest rates unchanged this week as inflation rises

Markets adjust expectations amid mixed economic indicators

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth
Bahrain

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth

Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent

Dubai sees 21 percent jump in international tourists at 1.77 million for January 2024
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

UAE’s Jafza witnesses 28 percent year-on-year surge in new Indian companies
Logistics

UAE’s Jafza witnesses 28 percent year-on-year surge in new Indian companies

Over 190 new Indian businesses boost Jafza's Indian company count to 1,500+

UAE financial system more secure and efficient than ever before: Central Bank report
Banking & Finance

UAE financial system more secure and efficient than ever before: Central Bank report

Report highlights sector's technological advancements and operational efficiency

Fostering customer-centric value with fintech
Op-eds

Fostering customer-centric value with fintech

Power of fintech spurs technological progress, innovative customer-centric value propositions

Dr. Saeeda Jaffar on Visa driving change in financial inclusion and beyond
Banking & Finance

Dr. Saeeda Jaffar on Visa driving change in financial inclusion and beyond

Company fosters inclusivity worldwide by supporting women entrepreneurs and business leaders

GCC central bank governors announce annual banking conference in Doha
Banking & Finance

GCC central bank governors announce annual banking conference in Doha

Conference to showcase GCC's financial progress and global role

Egypt raises interest rates, allows free trading of pound to spur GCC investments
Economy

Egypt raises interest rates, allows free trading of pound to spur GCC investments

Egypt's international bonds surged after CBE’s announcement

Trade volume between Saudi Arabia, GCC countries surpasses $14.82 billion in Q4 2023
Logistics

Trade volume between Saudi Arabia, GCC countries surpasses $14.82 billion in Q4 2023

This reflects a significant increase of $1.69 billion compared to 2022

Investor confidence high, UAE and Saudi Arabia set for gains this year: EFG Hermes official
Economy

Investor confidence high, UAE and Saudi Arabia set for gains this year: EFG Hermes official

Dependence on oil, high inflation rates and external debt are some challenges frontier and emerging markets in the MENA regions face

GCC infrastructure firms to hold up against 2024 refinancing needs: Report
Logistics

GCC infrastructure firms to hold up against 2024 refinancing needs: Report

Continued growth expected in both EBITDA and capital expenditure overall