Both the Riyad Bank Saudi Arabia PMI and the S&P Global UAE PMI remained way above the 50-mark that separates growth from contraction
The Sultanate of Oman is expecting a budget deficit for the year, after it swinging away from a surplus during 2023
The financial and insurance sector grew by 14.4 per cent YoY and the value-added by the industry surged to Dhs18.7bn
The trade deal builds on growing bilateral cooperation between the two countries, which saw non-oil trade hit a record $2.1bn in H1 2023
The UAE and Mauritius, in first-of-their-kind negotiations, are set to boost each other’s economies in years to come with key trade deals in the pipeline
The Kingdom of Bahrain showcased healthy GDP growth for the third quarter of 2023, according to the latest statistics revealed by that country.
UK Finance Minister Jeremy Hunt said the outlook for the economy was not as bad as the updated official figures suggested
The apex lender projected that the country’s overall GDP will grow by 3.1 per cent in 2023
In this interview, Sri Lankan President, Ranil Wickremesinghe, talks in-depth about his country’s economic reforms and climate plans.
India’s currency has weakened slightly against the UAE dirham in early trade, mainly off the back of dollar strength
The programme aims to foster trust between SMEs and financial institutions, and lead to collaborative credit assessment
The safety campaign in Dubai throughout this year has targeted all engineers, consultants, supervisors, workers and consulting companies present at these sites
Business optimism and expectations for future activity growth hit its highest since February 2020
The meeting also addressed global economic conditions, the economic impact of crises, and the World Bank’s support for the upcoming UN climate conference
The main driver of CPI inflation in September was higher prices of housing, water, electricity, gas and other fuels, and restaurant and hotel prices
The economy’s total value has reached Dhs223.8bn
The financial sector grew nearly 30 per cent year-on-year, with the value-added by the industry surging more than Dhs18bn
The government has implemented comprehensive economic and social initiatives that are designed to set the stage for sustained and long-term growth
According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022
The UAE is the third-largest market for Serbian exports, with non-oil trade between the two countries in H1 2023 hitting $57.6m
State expenditures rose moderately in 2022, with an increase of Dhs24.7bn compared to a year earlier
From premium residences to ultra modern commercial spaces, the city’s real estate market offers diverse and lucrative opportunities for investors
The two countries already share a productive trade relationship, with non-oil trade reaching $805m in 2022
The kingdom will build 59 logistics centres with a total area of more than 100 million square meters
The economic growth was boosted by a 4.6 per cent gain in the non-hydrocarbon sector and a 3.5 per cent increase in oil activities.
HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction
The plan will develop financial policies to promote economic growth, create a competitive business environment and strengthen international economic relations
The country’s non-oil activities grew by 4.5 per cent year-on-year in the quarter to Dhs312bn
This represents a robust rise of 363 per cent compared to the same period in 2022
The agreements cover sectors including energy, industry, advanced technology, AI, space, health, transport, conservation and circular economy