Economy

Saudi Arabia’s Minister of Communications and Information Technology Abdullah Al-Swaha met with a delegation from the Executive Board of the World Bank Group in Riyadh, the Saudi Press Agency reported on Thursday. The minister discussed…
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Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent. According to Moody’s, the rating reflects the losses incurred due…
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Saudi Arabia’s Crown Prince Mohammed bin Salman affirmed the government’s commitment to enhance economic growth through the expansion of government spending as reflected in budget 2024 on Wednesday, the Saudi Press Agency reported. He…
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Saudi Arabia’s economy is expected to “rebound” in 2024, according to an analysis by Riyadh Capital. The bank’s “Saudi Economic Chartbook” for the fourth quarter of 2023 outlines a projected continuation of solid growth for non-oil…
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Qatar’s gross domestic product experienced a 1 percent growth in the second quarter of 2023 compared to the same period last year, according to official figures released by the Planning and Statistics Authority. The year-on-year GDP…
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The Gulf Cooperation Council economy is estimated to grow by 3.6 percent in 2024 and 3.7 percent in 2025, according to the World Bank. The recent Gulf Economic Update report by the WB revealed that the GCC is set to grow by 1 percent in…
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The economic growth of Qatar has normalized after the country’s strong fiscal performance in 2022, driven by the FIFA World Cup, according to the International Monetary Fund. In its consultation report released on Nov. 21, the IMF…
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Saudi Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim met the minister of economy of North Macedonia, Kershnik Bekteshi, during his official visit to the country recently. They discussed strengthening economic relations, as…
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On Sept. 10, Saudi Arabia’s Crown Prince Mohammed bin Salman announced the signing of a memorandum of understanding between India, the Middle East, and Europe for the construction of a new economic corridor. The MoU was signed between…
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The UAE is set to establish comprehensive economic partnership agreements with 27 countries and economic blocs representing up to 95 percent of global trade, said a senior government official. Thani bin Ahmed Al-Zeyoudi, the UAE minister…
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