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Economy
G20: UAE to double digital economy’s GDP contribution to 19.4 percent with $20 billion investment
This investment signals the UAE's commitment to accelerating the growth and adoption of digital technologies across its economy
Economy
UAE and Morocco finalize CEPA to boost goods and services trade through tariff cuts, regulatory reforms
In 2023, the two nations had $1.3 billion in non-oil trade, a 30 percent increase from 2022 and 83 percent more than in 2019
Economy
Dubai consolidates global tourism leadership, welcomes record 9.31 million visitors in H1 2024
International overnight visitors rose 9 percent compared to H1 2023
Economy
Investopia Global Talks launch in Chennai to boost UAE-India partnerships in key sectors
The UAE and India are among the fastest growing economies, with the UAE’s non-oil GDP growing by 6.2 percent in 2023
Economy
Egypt’s economy growth to rebound to 4.99 percent in 2025/26 amid policy tightening
The country’s growth is projected at 4 percent for FY 2024/2025
Markets
UAE gold prices fall, global rates dip as investors book profits ahead of U.S. economic data
If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge
Markets
UAE gold prices up, global rates rise as investors await U.S. GDP reading
In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent
Hospitality & Tourism
New luxury resort slated to debut in Saudi giga-project NEOM
The resort will include a long, bridge-like structure that spans 450 meters and is suspended 40 meters above a lagoon
Markets
UAE gold prices decline, global rates down ahead of U.S. economic data release
Gold prices reached a record high of $2,483.60 last week as markets expected a 25-basis-point U.S. interest rate cut by September
Economy
Egypt’s Central Bank holds key rates amidst 2.2 percent GDP growth and 27.5 percent inflation
The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."
Economy
IMF maintains global GDP growth forecast at 3.2 percent for 2024
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
Economy
Kuwait’s GDP falls 4.4 percent in Q4 2023 on oil sector contraction: Report
Kuwait maintained crude oil production at 2.55 million barrels per day in line with its OPEC+ production cut obligations
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