GDP

UAE targets $27.2 billion in tourism investments by 2031, increasing GDP contribution to $122.5 billion 

In 2023, tourism accounted for 11.7 percent of the UAE’s GDP, amounting to $59.9 billion

UAE 2025 agenda: Cabinet to focus on enhancing family, national identity and AI

Cabinet also approved hosting the UAE Government Annual Meetings 2024 on November 5 and 6 in Abu Dhabi

Travel industry set to add record $11 trillion to global GDP in 2024

The industry's contribution to global GDP is expected to rise by 12.1 percent year-over-year

UAE approves consolidated financial statistics for 2023 with $39.2 billion government surplus 

Last year, the country attracted a record $30.49 billion in foreign direct investment, ranking second globally

Multilateral Industrial Policy Forum to boost Saudi Arabia’s position as leading global industrial center

The forum, to be held in October, will bring together over 3,000 industry leaders

UAE gold prices down, global rates set for monthly gain as focus shifts to U.S. economic data

Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain

IMF eases some conditions on Egypt’s $8 billion finance package

Egypt's economic growth to increase to around 5.5 percent as structural reforms to strengthen the business climate pay off

Egypt targets over 15 million tourist arrivals in 2024, earnings to exceed $14 billion

The number of tourist arrivals to Egypt during the first half of 2024 reached a record high of 7.069 million

UAE’s non-oil foreign trade reaches record $379.81 billion in H1 2024


The country’s key exports like gold, jewelry, and metals have driven strong non-oil export growth, Al Zeyoudi says

Kuwaiti banks turn to M&A amidst strong fundamentals: Report

The paper noted that banks in Kuwait have strong capital and liquidity despite growth constraints

DP World, British International Investment pump $35 million into Congo’s first deepwater port

The project aims to unlock Congo's trade potential and boost its economy

Manufacturing sector’s 9.2 percent expansion boosts Oman’s economic growth in Q1 2024

Oman's 10th Five-Year Plan aims to boost manufacturing's GDP contribution from 10 percent to 12.2 percent by 2025