The index will provide a deeper understanding of the role and impact of family businesses on the economy and society
The overall GCC budget position is projected to remain somewhat in surplus this year, driven by robust financial standings and favourable credit ratings
The World Bank projects that the support programme will create jobs, strengthen the economy, and enhance Egypt’s resilience to environmental and economic challenges
The top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait, Saudi Arabia and the UAE
The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions
The ranking highlights how cities around the world fare in terms of living expenses for expatriates
The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development
The US Fed’s decision to pause rate adjustments comes as inflation levels, although declining, has not required drastic changes in the economic landscape
Oil activities were down 11.2 per cent in the first quarter versus the previous year, while non-oil GDP grew 3.4 per cent year on year
The IMF said its Executive Board would consider the staff agreement and disbursement in the coming weeks
The figures were part of the consolidated financial statement published by the UAE’s Ministry of Finance
Daily working hours, in the morning and evening shifts, shall not exceed eight hours during the months of the midday break
S&P’s affirmation of Bahrain’s credit ratings and stable outlook highlights the country’s ongoing fiscal reforms and support from GCC allies
The monetary policy committee left the lending rate unchanged at 28.25 per cent and the deposit rate at 27.25 per cent
Financial and insurance activities, transportation and storage, real estate and construction sectors were among the top growth sectors
The fund had projected in April that the country’s economy would grow by 3.5 per cent this year
The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments
A recent survey of over a hundred CEOs and board members in the Middle East highlights concerns about leadership attraction, development, and planning
The bank has aggressively raised rates by 4,150 basis points since last June but it kept the policy rate unchanged at 50 per cent in April
Dirham-rupiah trade is expected to reduce transactional costs for businesses while strengthening financial cooperation
The visit underscored the importance of diplomatic ties between Turkey and Kuwait and laid the groundwork for enhanced cooperation in various fields
Egypt promised the IMF in the March agreement it would resume tightening if necessary to prevent further weakening of its economy
Oil revenues reached SAR181.9bn, while total revenues were SAR293.4bn as non-oil revenues edged higher, although oil still dominates
Power cuts are hurting Egypt’s small businesses that play a crucial role in an economy where growth has slowed
Fitch said Egypt’s initial steps to contain off-budget spending should help to reduce public debt sustainability risks
The seasonally adjusted S&P Global UAE PMI dropped to 55.3 in April, the lowest reading since August 2023, and further eased from 56.9 in March
The Gulf state posted a budget surplus of QAR1.4bn in the final quarter of 2023, which was used to reduce public debt
The statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to the same period a year ago
The $350bn economy faces a chronic balance of payments crisis, with nearly $24bn to repay in debt and interest over the next fiscal year
The trade deal aims to aid Ukraine’s recovery and rebuilding of key industries while helping to strengthen supply chains to the MENA region for exports such as grains, machinery and metals