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GDP
Energy
OPEC maintains oil demand forecast on resilient global economic growth, air travel growth
OPEC raised its forecast for world economic growth this year to 2.9 percent from 2.8 percent
Economy
UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue
The dialogue seeks to boost bilateral trade and economic diversification initiatives
Banking & Finance
UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
Economy
Oman’s Q1 2024 GDP rises to $27.15 billion driven by non-oil sector growth
This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion
Banking & Finance
Kuwait projects $61.7 billion budget revenues over next four years
Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister
Hospitality & Tourism
Saudi’s inbound visitor spending surpasses $12 billion, travel account surplus reaches $6.39 billion
Outbound travelers from the Kingdom spent an estimated $5.59 billion
Economy
U.S. manufacturing PMI slips below 50 in June as demand remains subdued
This marked the 19th contraction in the manufacturing sector over the last 20 months
Economy
Experts forecast robust growth for the UAE economy in 2024 amid global challenges
In 2023, the UAE's GDP reached AED1.68 trillion, growing by 3.6 percent
Economy
Britain’s GDP expands by 0.7 percent in Q1 2024, but long-term growth outlook remains fragile ahead of election
The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession
Economy
Fitch affirms UAE’s rating at ‘AA-‘; outlook stable
The agency expects non-oil growth of 4.3 percent in 2024
Economy
Egypt fulfills $25 billion debt obligations, representing 7 percent of GDP: IIF
Egypt targets 3.5 percent primary surplus, 80 percent debt-to-GDP by 2027
Economy
Fitch affirms Abu Dhabi’s ‘AA’ rating with stable outlook
Abu Dhabi's non-oil activity will remain dynamic, growing 5 percent this year after a 9.1 percent expansion in 2023
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