EconomyTop StoriesSaudi Arabia’s fixed capital investment climbs to USD 95.4 billion as ‘Vision 2030’ spending acceleratesGBO CorrespondentAugust 10, 2026August 9, 2026 GBO CorrespondentAugust 10, 2026August 9, 2026 Government investment surged 54% in the first quarter, helping lift overall capital...
EconomyTop StoriesUAE GDP grows 3% in Q1 2026 as non-oil sector drives expansionGBO CorrespondentAugust 5, 2026August 5, 2026 GBO CorrespondentAugust 5, 2026August 5, 2026 The contribution of non-oil activities to GDP increased to 79.4%, compared with...
EconomyTop StoriesIran war hammers Saudi economy as GDP sees largest post-COVID contractionGBO CorrespondentJuly 31, 2026July 31, 2026 GBO CorrespondentJuly 31, 2026July 31, 2026 Overall GDP shrank 4.8% in the three months through June, compared with...
EconomyTop StoriesDubai witnesses 2.4% growth in Q1 2026, GDP nears USD 64 billionGBO CorrespondentJuly 10, 2026 GBO CorrespondentJuly 10, 2026 The Human Health and Social Work Activities sector recorded the highest growth...
EconomyTop StoriesEgypt emerged as Africa’s growth machine in 2025, says AfreximbankGBO CorrespondentJune 23, 2026June 23, 2026 GBO CorrespondentJune 23, 2026June 23, 2026 Afreximbank also identified Egypt as one of Africa's leading trade partners, citing...
EconomyTop StoriesSouth Africa records massive current account surplus in Q1 2026, largest in over four yearsGBO CorrespondentJune 12, 2026June 12, 2026 GBO CorrespondentJune 12, 2026June 12, 2026 The current account surplus widened to 2.4% of GDP in the quarter...
EconomyTop StoriesSaudi Arabia GDP growth slows amid regional tensionsGBO CorrespondentMay 4, 2026May 1, 2026 GBO CorrespondentMay 4, 2026May 1, 2026 Saudi Arabia GDP growth faces pressure from regional tensions and weaker oil...
EconomyTop StoriesLow-income countries face rising global risks: IMFGBO CorrespondentApril 6, 2026April 2, 2026 GBO CorrespondentApril 6, 2026April 2, 2026 The IMF staff paper defines LICs as the 70 countries eligible for...
EconomyTop StoriesFederal Reserve raises growth and inflation projections, keeps rate path largely steadyGBO CorrespondentMarch 25, 2026March 24, 2026 GBO CorrespondentMarch 25, 2026March 24, 2026 Federal Reserve officials left the median unemployment rate projection for 2026 unchanged...
Banking and FinanceTop StoriesEgypt’s credit default swaps fall to lowest level since 2020: Finance MinistryGBO CorrespondentJanuary 13, 2026 GBO CorrespondentJanuary 13, 2026 The development was accompanied by a significant drop in risk indicators among...