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GDP
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
Economy
UAE’s GDP to grow by 4.2 percent in 2024, rising to 5.2 percent in 2025: Central Bank
The Central Bank also projected a non-oil GDP growth of 4.7 percent in both 2024 and 2025
Economy
Oman outlook raised to positive on strengthening fiscal position: Report
Oil production cuts to keep economic growth low at about 1.4 percent in 2024
Economy
Abu Dhabi’s non-oil GDP grows 9.1 percent in 2023
Real GDP grew 3.1 percent during the period
Economy
Egypt’s cabinet approves $135.74 billion budget for 2024-2025
Measures target social protection, economic growth and debt reduction amid foreign currency shortage
Hospitality & Tourism
Qatar sees 160.6 percent growth in tourists from GCC in January
Qatar aims to receive 6 million tourists by 2030 under its national strategy
Industry
UAE industrial exports surge to $50.9 billion in 2023, marking 61 percent growth
Sheikh Mohammed bin Rashid chaired UAE Cabinet meeting, reviewing accomplishments of industrial sector
Economy
Economic and social reforms bolster Saudi Arabia’s stable credit ratings: Report
The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says
Economy
Global GDP to grow at 2.4 percent in 2024: Report
The improved projection is driven by the 2.1 percent growth surge anticipated in the U.S.
Economy
Saudi Arabia’s non-oil economy reaches 50 percent of real GDP
Private investment and robust exports drive record-breaking expansion
Economy
U.K.’s economic recovery bolstered as GDP surges in January
Retail and wholesaling sectors drive 0.2 percent monthly growth
Egypt
Egypt aims for $1.75 billion investments in communications & IT sector by 2023/2024
Private investments are estimated to reach approximately 63 percent of the total
Bahrain
Bahrain’s Golden License attracts $2.4 billion in investment and 3,000 jobs from nine projects
Bahrain's Golden License aims to drive business attraction and economic growth
Sustainability
Sheikh Hamdan launches Dubai Farms program to boost emirate’s sustainable agriculture sector
The program seeks to enhance crop sustainability for increased GDP contribution in the emirate
Hospitality & Tourism
Saudi Arabia launches $11.2 billion tourism initiative, aims for 120,000 jobs
The new program aims to boost business and attract local and international investors
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