Economy Middle East

GDP

Agreement with US-based ISM to further boost Arab tourism industry
Hospitality & Tourism

Agreement with US-based ISM to further boost Arab tourism industry

Driving growth and innovation in the region tourism sector

WGS 2024: WEF’s Georgieva sees MENA GDP growth reaching 2.9% in 2024
Economy

WGS 2024: WEF’s Georgieva sees MENA GDP growth reaching 2.9% in 2024

Georgieva highlights the role of the Arab World in shaping future economies

Public expenditure in Arab countries sees 9.8 percent surge in 2022
Economy

Public expenditure in Arab countries sees 9.8 percent surge in 2022

AMF's Joint Arab Economic Report highlights key trends and challenges

UAE’s outlook soars as S&P predicts 5.3 percent GDP growth in 2024
Economy

UAE’s outlook soars as S&P predicts 5.3 percent GDP growth in 2024

Robust expansion in sight fueled by diverse sectors and stable banking environment

Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Hospitality & Tourism

Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward

Deals were signed during PIF Private Sector Forum

Dubai welcomed 17.15 million international tourists in 2023, a surge of 19.4 percent
Hospitality & Tourism

Dubai welcomed 17.15 million international tourists in 2023, a surge of 19.4 percent

Further consolidating status as one of the top three global cities for business and leisure

Saudi Arabia maintains A++ rating with stable outlook: Fitch
Economy

Saudi Arabia maintains A++ rating with stable outlook: Fitch

Classification reflects Kingdom's robust external financial strength

Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030
Industry

Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030

New company to help turn Kingdom into electronics, advanced industries hub

GCC banks to prove resilient in 2024 amid geo-economic challenges: S&P Global
Banking & Finance

GCC banks to prove resilient in 2024 amid geo-economic challenges: S&P Global

Robust capitalization and profitability to uphold GCC banks, despite emerging risks

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023
Economy

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023

Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP

New economic licenses in Abu Dhabi attracted over $57.3 billion in capital investments in 2023
Economy

New economic licenses in Abu Dhabi attracted over $57.3 billion in capital investments in 2023

A total of 25,647 new economic licenses were issued in 2023

Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn
Saudi Arabia

Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn

Strategy seeks to localize vaccine manufacturing, protect the environment