GDP

Fitch upgrades Oman’s outlook to positive, affirms BB+ credit rating amid fiscal improvements

Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025

DP World begins maritime works on $1.2 billion Senegal port

An economic zone is set to be established near the Ndayane port and Blaise Diagne International Airport

UAE launches unified numbers project to enhance data utilization in policy-making

The initiative provides accurate data on GDP, inflation, foreign investment, and infrastructure rankings 

UAE GDP to grow by 5 percent in 2025: Report

Meanwhile, consumer spending is predicted to rise by 4.3 percent, and consumer price inflation is likely to reach 2.3 percent

AI to add $19.9 trillion to global economy, account for 3.5 percent of GDP by 2030: Report

98 percent of executives prioritize AI investments, driving rapid funding increases and highlighting AI's value 

Qatari economy grows 0.8 percent to $48.5 billion in Q2 2024

GVA of non-mining sector activities reached $33.23 billion during this period

Egypt’s inflation falls to 25.5 percent in November

Headline inflation climbed to a record high of 38 percent in September 2023 after falling to 26.5 percent in October

$5.4 trillion in mineral investments needed for energy transition by 2035: Report

Over 70 percent of mineral capital investments are needed for coal, iron ore, copper and gold

Saudi Arabia’s real GDP grows 2.8 percent in Q3 2024 on stronger non-oil activity

Saudi Arabia's GDP at current prices reached SAR1.007 trillion in Q3 of 2024

UAE National Day: Nation celebrates key economic achievements, milestones in 2024

Achievements underscore the effectiveness of the UAE’s initiatives and strategies across key sectors

Trade uncertainty after Trump’s election threatens growth in emerging markets: Report

S&P now forecasts Chinese GDP growth of 4.1 percent in 2025 and 3.8 percent in 2026

Saudi Arabia’s expenditure on research and development surges by 17.4 percent to $6 billion

The workforce in the R&D field increased by 12.2 percent, bringing the total number of employees to 49,337

Saudi Arabia sees 27 percent surge in incoming tourists over 9 months, says tourism minister 

By the end of 2023, tourism contributed 5 percent to GDP, with a goal of reaching 10 percent by 2030

How achieving gender equality could add $21 trillion to global GDP

Empowering women benefits business, as research shows diverse boards outperform non-diverse ones by 20 percent 

Saudi Arabia attracts 2.5 million tourists to 80 global sporting events

Vision 2030 seeks to increase the sporting sector’s contribution to the Kingdom's GDP to $4.8 billion by 2030

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

Gold prices edge up slightly as safe-haven assets gain traction

President-elect Trump threatens new trade tariffs on China, Canada, and Mexico, sparking fears of a trade war

Gold prices rise after Trump proposes new tariffs

With Trump back in focus, the precious metals market may see some uncertainty ahead

Universal AI adoption to increase global real trade growth by 14 percent by 2040, says WTO

By enhancing trade logistics, overcoming language barriers, and minimizing search and match costs, AI can make trade more efficient

S&P upgrades Ras Al Khaimah’s economy to ‘A/A-1’ with stable outlook

Ras Al Khaimah's real GDP growth will average about 4 percent over 2024-2027 on ongoing tourism and infrastructure projects

Egypt central bank keeps overnight interest rates unchanged

Egypt's annual headline inflation remained broadly stable for the third consecutive month, at 26.5 percent in October 2024

UAE sustains role as key regional hub for trade, business, travel: World Bank

This prominence is due to the country's successful economic diversification and reduced reliance on oil 

How are UAE, Saudi Arabia leading way in sustainable tourism?

Despite the clear benefits of sustainable tourism, several challenges and barriers hinder its implementation 

Abu Dhabi’s ascent continues as the ‘Falcon Economy’ soars

Expanding non-oil sectors and thriving financial landscape propel the UAE capital’s growth