Skip to main content
Skip to footer
![Investopia Global Talks launch in Chennai to boost UAE-India partnerships in key sectors](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The UAE and India are among the fastest growing economies, with the UAE’s non-oil GDP growing by 6.2 percent in 2023
![Egypt’s economy growth to rebound to 4.99 percent in 2025/26 amid policy tighteningÂ](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The country’s growth is projected at 4 percent for FY 2024/2025
![UAE gold prices fall, global rates dip as investors book profits ahead of U.S. economic data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge
![UAE gold prices up, global rates rise as investors await U.S. GDP reading](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent
![New luxury resort slated to debut in Saudi giga-project NEOM](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The resort will include a long, bridge-like structure that spans 450 meters and is suspended 40 meters above a lagoon
![UAE gold prices decline, global rates down ahead of U.S. economic data release](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Gold prices reached a record high of $2,483.60 last week as markets expected a 25-basis-point U.S. interest rate cut by September
![Egypt’s Central Bank holds key rates amidst 2.2 percent GDP growth and 27.5 percent inflation](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."
![IMF maintains global GDP growth forecast at 3.2 percent for 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
![Kuwait’s GDP falls 4.4 percent in Q4 2023 on oil sector contraction: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Kuwait maintained crude oil production at 2.55 million barrels per day in line with its OPEC+ production cut obligations
![OPEC maintains oil demand forecast on resilient global economic growth, air travel growth](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
OPEC raised its forecast for world economic growth this year to 2.9 percent from 2.8 percent
![UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The dialogue seeks to boost bilateral trade and economic diversification initiatives
![UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
![Oman’s Q1 2024 GDP rises to $27.15 billion driven by non-oil sector growth](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion
![Kuwait projects $61.7 billion budget revenues over next four years](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister
![Saudi’s inbound visitor spending surpasses $12 billion, travel account surplus reaches $6.39 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Outbound travelers from the Kingdom spent an estimated $5.59 billion
![U.S. manufacturing PMI slips below 50 in June as demand remains subdued](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This marked the 19th contraction in the manufacturing sector over the last 20 months
![Experts forecast robust growth for the UAE economy in 2024 amid global challenges](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20680'%3E%3C/svg%3E)
In 2023, the UAE's GDP reached AED1.68 trillion, growing by 3.6 percent
![Britain’s GDP expands by 0.7 percent in Q1 2024, but long-term growth outlook remains fragile ahead of election](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession
![Fitch affirms UAE’s rating at ‘AA-‘; outlook stable](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The agency expects non-oil growth of 4.3 percent in 2024
![Egypt fulfills $25 billion debt obligations, representing 7 percent of GDP: IIF](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Egypt targets 3.5 percent primary surplus, 80 percent debt-to-GDP by 2027
![Fitch affirms Abu Dhabi’s ‘AA’ rating with stable outlook](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Abu Dhabi's non-oil activity will remain dynamic, growing 5 percent this year after a 9.1 percent expansion in 2023
![Oil prices fall amid dollar strength; U.S. inventory build spurs demand fears](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel
![Saudi real estate sector contributes 5.9 percent to GDP, hits $169.5 billion in transactions](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The sector recorded more than 280,000 transactions since the beginning of 2024
![GCC’s 2024 growth forecast lowered to 2.2 percent on extended oil output cuts](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
ICAEW has also lowered its 2024 inflation forecast for the GCC region to 2.2 percent this year and 2.1 percent next year