Global Business Outlook

Saudi Arabia leverages project management to achieve Vision 2030 milestones

GBO CorrespondentDecember 31, 2024December 31, 2024

GBO CorrespondentDecember 31, 2024December 31, 202401237

Over 5,000 projects totalling USD 5 trillion are currently underway, demonstrating Saudi Arabia's significant advancements in changing its social and economic environments

Finance Top Stories

IMF agreement set to pave way for USD 1.2 billion funding for Egypt

GBO CorrespondentDecember 30, 2024

GBO CorrespondentDecember 30, 20240818

The deal, which must be approved by the IMF Executive Board, intends to give Egypt vital financial assistance as it negotiates a difficult economic environment

Economy Top Stories

Over two million freelancers in Saudi Arabia join national economy

GBO CorrespondentDecember 30, 2024

GBO CorrespondentDecember 30, 202402277

The Saudi Arabian economy greatly benefits from the work of freelancers. SR72.5 billion, or 2% of the Kingdom's total output, was contributed to the GDP

Real Estate Top Stories

‘Paradigm Shift’ as Gulf’s urban population set to surge 30% by 2030: Report

GBO CorrespondentDecember 27, 2024

GBO CorrespondentDecember 27, 202402019

According to a recent report by the global management consulting firm Arthur D. Little, by 2050, 90% of Gulf Cooperation Council citizens will reside in

Economy Top Stories

UAE Central Bank maintains GDP growth projections for 2024 at 4%

GBO CorrespondentDecember 27, 2024

GBO CorrespondentDecember 27, 202401518

The UAE’s participation in BRICS aligns with its broader economic strategy to diversify partnerships and attract investment

Banking and Finance Top Stories

Saudi banks report 24% profit growth amid strong non-interest income: SAMA

GBO CorrespondentDecember 26, 2024

GBO CorrespondentDecember 26, 202401377

New dynamics have been introduced into the financial landscape by the US Federal Reserve's recent change in monetary policy, which affects rates in Saudi because

Economy Top Stories

Analysts project trouble-ridden Nigeria’s GDP growth of 3.6% in Q1 2025

GBO CorrespondentDecember 26, 2024

GBO CorrespondentDecember 26, 202401893

The refinery's planned production increase will solve long-standing problems with Nigeria's energy sector and provide a major boost to the country's economy

Finance Top Stories

UAE, Hong Kong sign MoU to expand cross-border debt issuance & investment

GBO CorrespondentDecember 24, 2024

GBO CorrespondentDecember 24, 202401000

The MoU signed by UAE and Hong Kong is anticipated to simplify debt issuance, trade, and settlement between Asia and the Middle East

Real Estate Top Stories

Riyadh leads Saudi Arabia’s real estate surge with 20.8% rise in office rents

GBO CorrespondentDecember 24, 2024

GBO CorrespondentDecember 24, 202402145

The Kingdom's growing tourism infrastructure and high-profile events drive the hospitality industry's remarkable growth in Saudi Arabia

Technology Top Stories

Saudi Vision 2030: Kingdom explores ‘Digital Partnerships’ with Germany, Japan, France

GBO CorrespondentDecember 23, 2024

GBO CorrespondentDecember 23, 202401969

At the forum’s opening, Saudi unveiled the Riyadh Declaration, a commitment to developing inclusive and responsible AI technologies to address global challenges and drive economic

Raya Financing champions Shariah-compliant auto solutions

GCC bank debt issuances top USD 60 billion…

Driving financial inclusion: How Fortis Mobile Money empowers…

MENA Watch: Saudi & UAE drive GCC assets…

Saudi Arabia leverages project management to achieve Vision 2030 milestones

IMF agreement set to pave way for USD 1.2 billion funding for Egypt

Over two million freelancers in Saudi Arabia join national economy

‘Paradigm Shift’ as Gulf’s urban population set to surge 30% by 2030: Report

UAE Central Bank maintains GDP growth projections for 2024 at 4%

Saudi banks report 24% profit growth amid strong non-interest income: SAMA

Analysts project trouble-ridden Nigeria’s GDP growth of 3.6% in Q1 2025

UAE, Hong Kong sign MoU to expand cross-border debt issuance & investment

Riyadh leads Saudi Arabia’s real estate surge with 20.8% rise in office rents

Saudi Vision 2030: Kingdom explores ‘Digital Partnerships’ with Germany, Japan, France

Saudi Vision 2030: Hotel developments become key plank in Kingdom’s hospitality push

Fiverr layoffs: All you need to know

Qatar’s economy grows 1.9% in Q2, driven by non-hydrocarbon sectors

Raya Financing champions Shariah-compliant auto solutions

Saudi Vision 2030: Inside Kingdom’s USD 8 billion renewable energy push