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GDP
Markets
UAE gold prices increase, global rates recover as markets await key U.S. economic data
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
Hospitality & Tourism
UAE’s travel and tourism sector anticipated to contribute $64.25 billion to GDP in 2024: Report
According to the report, the number of jobs in the sector will increase by over 23,500, reaching nearly 833,000
Economy
China leaves benchmark lending rates unchanged in line with market expectations
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Markets
Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Economy
IMF projects MENA region’s GDP to grow 2.7 percent in 2024
The IMF expects growth to strengthen by 4.2 percent in 2025
Economy
Egypt’s GDP expected to reach 4 percent in FY 2024/2025: Ministry of Finance report
The report predicts an 18.1 percent average annual headline inflation rate
Economy
IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Economy
World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025
The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025
Economy
IMF’s executive director Dr. Mahmoud Mohieldin on fund’s pivotal role in shaping the future of the global economy
How International Financial Institutions (IFIs) can help countries navigate economic challenges
Banking & Finance
Visa’s CEMEA President Andrew Torre on getting ready for the next wave of digital disruption
Businesses need to be agile, adapt their strategies and invest in digital infrastructure
Economy
ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans
Sustained oil output, growing non-oil investments key to healthy economy
Bahrain
Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023
This represents an increase from $35 billion in the previous year
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