Global Business Outlook

Qatar Airways eyes Australian routes as it picks up minority stake in Virgin

GBO CorrespondentOctober 10, 2024October 10, 2024

GBO CorrespondentOctober 10, 2024October 10, 202401429

After rejecting Qatar Airways' requests to fly additional services into Sydney, Melbourne, Brisbane, and Perth in 2023, the Australian government will now need to approve

Economy Top Stories

Saudi Arabia expects 2024 fiscal deficit to widen to 3% of GDP

GBO CorrespondentOctober 10, 2024October 10, 2024

GBO CorrespondentOctober 10, 2024October 10, 202402117

Spending has increased by Saudi Arabia, the world's largest oil exporter, despite voluntary reductions in oil production and lower oil prices

Economy Top Stories

MENA Watch: All set for crucial Youth Employment Summit 2024

GBO CorrespondentOctober 9, 2024

GBO CorrespondentOctober 9, 202401558

Youth unemployment remains one of the most pressing problems in the MENA region, with the highest rates in the world averaging around 30%

Economy Top Stories

Growth in UAE’s non-oil business sector slows in September: PMI

GBO CorrespondentOctober 9, 2024

GBO CorrespondentOctober 9, 202401458

The UAE PMI continued to show a loss of momentum in the non-oil private sector, with growth having softened considerably since the start of the

Economy Top Stories

Egypt aims to reduce debt-to-GDP ratio below 85% as country registers 2.4% growth

GBO CorrespondentOctober 8, 2024

GBO CorrespondentOctober 8, 202401925

Egypt’s GDP growth rate slowed to 2.4% in the fourth quarter of fiscal year 2023/24, bringing the annual growth rate to 2.4%, down from 3.8%

Economy Top Stories

Western nations urge Kenya to seek IMF review of corruption issues

GBO CorrespondentOctober 8, 2024

GBO CorrespondentOctober 8, 202401385

Kenya's economy expanded by 4.6% year-on-year in the second quarter of 2024, down from 5.6% in the corresponding quarter of the previous year, the national

Finance Top Stories

Saudi Vision 2030: A golden opportunity for Turkish businesses

GBO CorrespondentOctober 7, 2024

GBO CorrespondentOctober 7, 202402244

In terms of funding for the planned investments, Turkish businesses will communicate with Saudi banks

Economy Top Stories

Qatar seeks to bolster economic cooperation with Asian nations

GBO CorrespondentOctober 7, 2024October 7, 2024

GBO CorrespondentOctober 7, 2024October 7, 202401169

In recent years, Qatar has undertaken several initiatives aimed at luring in foreign investments and highly skilled foreign workers with expertise in technology, infrastructure, health,