Backed by strong agriculture show, Pakistan’s GDP grows 2.09%
Pakistan's central bank projected real GDP growth of 2%-3% for the fiscal year 2024 in its half-yearly report
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Central Bank of Nigeria officially withdraws cybersecurity levy
The Central Bank Of Nigeria mandated that all banks, mobile money providers, and payment service providers implement a new cybersecurity levy in May 2024
Go Green with GBO: Ammonia, Japan’s controversial climate solution
Though expensive, burning ammonia for power is technically viable but not frequently used
Riyadh’s office market segment draws increasing demand in Q1 2024
Around 74% of inquiries to Savills come from outside, with 37% coming from American corporations, indicating that Riyadh is drawing in foreign businesses to set
UAE leads MENA region in travel & tourism development index
Among high-income economies, only the UAE and Saudi Arabia were ranked in the top ten for showing the most improvement in their performance between 2019
Saudi Arabia prioritises real estate sector with legislative initiatives
The real estate development and ownership field in the Kingdom is considered one of the largest growing sectors in the Middle East
MENA Watch: IPOs kick off Q1 2024 with strong momentum
The UAE has one announced IPO, whereas the KSA has 21 announced IPOs
Saudi banks’ money supply surges 8% in March 2024
As per S&P Global, mortgage financing accounted for 23.5% of Saudi banks’ total credit allocation by the end of 2023, compared to 12.8% in 2019
Moody’s affirms Kuwait’s rating at ‘A1’ on strong fiscal buffers
Moody’s projected that Kuwait’s financial assets, particularly the assets of the FGF, will remain high, reaching 400% of the GDP by the end of 2023,
Egypt aims to become manufacturing hub with smartphone industry entry
In order to strengthen Egypt's standing in the smartphone manufacturing sector, the goal is to draw in Apple, the fifth tech giant