World Bank
Global factors, especially oil production and OPEC decisions, influence growth expectations for GCC economies
Strategy aims to support 250 million women with social protection programs
At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT
World Bank expects the UAE's inflation to reach 2.2 percent this year and decline to approximately 2.1 percent through 2025-2026
The move is a step towards a mandatory market, requiring carbon reduction projects and emissions calculations
Since 1990, only 34 middle-income economies have managed to become high-income
Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities
The $400 million MASAR Program aims to equip Jordanian youth with skills for the labor market and economic transformation
Remittance flows to low-middle-income countries moderated in 2023, reaching $656 billion: World Bank
Remittances to LMICs are expected to grow 2.3 percent in 2024, but unevenly across regions
During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU
The support aims to boost Egypt's private sector, fiscal resilience, and green growth
