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Economy
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
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
Economy
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
Banking & Finance
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
Logistics
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
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
Bahrain
GCC’s aviation sector soars as a key economic driver
Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy
Economy
Harnessing public-private partnerships to transform local economies
PPPs attract investments, create jobs and develop new capabilities
Economy
UAE’s diversified economy maintains robust growth in real estate, tourism, and manufacturing: OPEC
OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May
Bahrain
Bahrain’s economy posts solid 3.3 percent growth, lifting Q1 2024 GDP to $9.55 million
The oil sector grew by 3.4 percent and the non-oil sector by 3.3 percent at constant prices
Economy
Saudi Arabia’s real GDP rises 1.4 percent in Q2 2024, driven by non-oil sector expansion
Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities
Economy
UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers
The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships
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