Fitch maintains UAE’s ‘AA-‘ rating, here are the reasons
Fitch stated that even with a moderate government debt-to-GDP ratio, the UAE's economy is characterised by significant levels of leverage
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Saudi Vision 2030: Is Kingdom’s oil-free ambitions too grand?
Ministers in the Saudi government have provided explanations for the scope reduction of Vision 2030 in the last few months
Despite UK job market’s cooldown, starting wages go up 6.5% in May 2024
Increased salaries have not yet translated into an economic feel-good factor due to double-digit inflation, further diminishing UK PM Rishi Sunak's dismal chances in the
Go Green with GBO: What makes blockchain, NFTs, & Web3 unsustainable
Mining blockchain using solar energy and other renewable energy sources is one way to make it more sustainable
World Bank greenlights USD 700 million financing package for Egypt
In March, the World Bank Group announced a three-year $6 billion programme to support Egypt
Three new IPOs add USD 21.3 billion to UAE’s stock market capitalisation
As a result of the new listings and IPOs, the market became more liquid, and more appealing as an investment destination
Saudi Arabia poised to become world’s largest construction market
Riyadh has emerged as a key focus area as Saudi Arabia prepares to host the World Expo in 2030, and potentially the World Cup in
MENA Watch: Ooredoo-NVIDIA partnership to drive region’s AI revolution
Ooredoo declined to comment on the specific Nvidia technology it planned to put in its data centres, citing availability and client demand as factors
UAE Central Bank revises inflation forecast downwards for 2024
The non-tradable portion of the consumer basket is expected to be the primary driver of inflation, which is predicted to average 2.3% again in 2025
Egypt temporarily extends daily power outages to three hours
Officials in Egypt have attributed power cuts to the growing demand from a population of 106 million and ongoing development projects