Oman Unveils $5 Billion Future Fund for Major Projects
Oman has launched a $5 billion investment fund, primarily focused on large-scale projects, but also designed to support SMEs and...
Economy
Mergers, acquisitions reshaping GCC’s overall business landscape
RIYADH: Of late, businesses in the Gulf Cooperation Council region have become more inclined toward pooling their resources to achieve operational...
UAE economy forecast to grow by 3.7% in 2024, says World Bank
The UAE’s real gross domestic product (GDP) is expected to grow by 3.7% in 2024, up from from 3.4% last...
Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June
RIYADH: The non-oil private sector in Qatar continued to maintain its healthy growth in June, as the country’s Purchasing Managers’...
Egypt’s macroeconomic conditions improving, says minister
Egypt’s macroeconomic indicators have improved as the North African country recorded a primary budget surplus of 1.2 percent of the...
Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister
The non-oil sector in Qatar achieved a growth of 9.9% and the oil sector recorded an increase of 4.8% in...
Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021
RIYADH: Decelerating food prices drove Oman’s inflation levels to a 10-month low of 1.1 percent in April, according to the...
IMF expects Egypt to contribute 1.7% to global growth
RIYADH: The Egyptian economy is expected to contribute around 1.7 percent to the growth of the global economy over the...
Number of properties sold during February up 78.8%: PSA
Doha: The total number of properties sold during February rose 78.8 percent according to the Planning and Statistics Authority’s monthly...
Qatar’s economy records 8% growth rate in Q4 of 2022
RIYADH: Qatar achieved a real growth rate of 8 percent in the fourth quarter of 2022 compared to the same...
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