Economy

Jordanian Prime Minister Bisher Khasawneh met on Wednesday with a delegation from the International Monetary Fund in Amman to negotiate the seventh review of the country’s economic reform program, Jordan News Agency reported. According…
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Egypt’s economic landscape faced fresh challenges in October as the North African country’s Purchasing Managers’ Index dropped to a five-month low, standing at 47.9. The S&P Global Egypt PMI report reflected a 0.8-point decline from…
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Saudi Arabia’s non-oil sector expanded by 3.6 percent during the third quarter of 2023 compared to the same period last year, economic data released on Tuesday showed. According to the General Authority for Statistics, government…
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In a bid to strengthen economic and trade ties, a recent ministerial meeting in Guangzhou paved the way for increased joint investment and collaboration between the Gulf countries and China. In a final communique issued on Sunday, the…
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Saudi Arabia’s economy is projected to expand at an average rate of 3.2 percent annually over the next three years, with significant growth expected in the non-oil sector, according to the global credit agency Moody’s. The US-based firm…
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Economic and trade relations between Saudi Arabia and Vietnam are set to strengthen thanks to a new agreement signed by the Federation of Saudi Chambers. The agreement was formalized during the Saudi-Vietnamese Business Forum with over…
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Financial chiefs from across the region held discussions in Muscat on Thursday focused on enhancing economic cooperation and integration among members of the Gulf Cooperation Council. Oman’s Finance Minister Sultan bin Salem Al-Habsi…
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Abu Dhabi’s non-oil economy grew by 12.3 percent in the second quarter of 2023, accompanied by a 3.5 percent increase in its overall gross domestic product, reported the Statistics Centre — Abu Dhabi. The emirate’s real non-oil GDP…
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Thani Al-Zeyoudi, the Emirati minister of state for foreign trade, and Tengku Zafrul Aziz, the Malaysian minister of investment, trade and industry, discussed ways boost trade and investment ties between their countries. Their meeting took…
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Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Al-Khorayef held a meeting on Wednesday with his Bahraini counterpart Abdullah Fakhro at the ministry’s headquarters in Riyadh, which focused on ways to improve economic ties.…
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