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GDP
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
Economy
UAE government issues 151 financial sector decisions in 2023
Sheikh Mohammed bin Rashid reviews progress and international standing
Economy
WTO MC13: ADDED spotlights SMEs’ vital role in creating sustainable global trade
ADDED highlights economic contributions and growth opportunities for SMEs
Hospitality & Tourism
Saudi Arabia welcomes over 100 million tourists in 2023, surpasses Vision 2030 targets
Saudi Arabia has led the G20 in international tourist growth rate in 2023
Banking & Finance
EDB’s contribution to industrial GDP grows 80 percent in 2023
Fueling UAE's economic growth and industrial advancement
Economy
Egypt’s GDP to climb to 5.1 percent by 2025: OECD
Efforts to tackle inflation and improve investor confidence to drive growth
Economy
UAE, Gulf economies to outpace global growth in 2024: Report
FAB report says UAE's GDP is likely to expand by 3.7 percent in 2023 and 4 percent in 2024
Economy
Dubai economy likely to grow by around 5 percent this year: Al Ghurair
Al Ghurair anticipated that lower interest rates later this year would help boost borrowing by companies
Bahrain
Bahrain achieves record-breaking $1.7 billion in investments for 2023
Bahrain's investments to create 5,700+ job opportunities from 85 projects
Economy
Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index
This positive development reflects the Kingdom's strategic shift away from oil dependence
Hospitality & Tourism
Agreement with US-based ISM to further boost Arab tourism industry
Driving growth and innovation in the region tourism sector
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
Economy
Public expenditure in Arab countries sees 9.8 percent surge in 2022
AMF's Joint Arab Economic Report highlights key trends and challenges
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
Hospitality & Tourism
Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Deals were signed during PIF Private Sector Forum
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
Economy
Saudi Arabia maintains A++ rating with stable outlook: Fitch
Classification reflects Kingdom's robust external financial strength
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
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
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
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
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
Hospitality & Tourism
Saudi Arabia aims for 150 million visitors by 2030, eyes $200 billion boost to economy
Tourism sector's contribution to the GDP increased by 4.5 percent year-on-year
Economy
Inflation in Kuwait reaches 3.37 percent in December 2023
The Consumer Price Index in Kuwait rose by 3.37 percent
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