Economy

Saudi Arabia has reached a significant milestone as its gross domestic product crossed the coveted 1 trillion-dollar mark for the first time, revealed the umbrella body of the Kingdom’s business community. According to the state-run news…
Read More...

The foreign ministers of Egypt, Jordan and Iraq on Saturday discussed ways to activate cooperation between the three countries in several economic and political fields. Minister of Foreign Affairs of Egypt Sameh Shoukry hosted Jordan’s…
Read More...

Standard & Poor’s (S&P) confirmed its credit rating for Saudi Arabia in local and foreign currencies to “A/A-1” with a stable outlook in its recently issued report, Saudi Press Agency reported on Saturday. The agency explained…
Read More...

A recent wave of extensive economic cooperation between Arab Gulf states and Central Asian republics has the potential to boost economies in both of the oil-rich regions and open up new horizons of cooperation and economic ties. This was…
Read More...

Saudi Arabia’s economy ministry announced on Wednesday the beta launch of Data Saudi platform, with the aim of creating a consolidated reference for Saudi socioeconomic data, the Saudi Press Agency said. Data Saudi will work to combine…
Read More...

The World Bank has unveiled a new $18 billion loan package for Turkiye in what appears to be a show of support for the government’s efforts to reshape its economic policy. The deal, which comes on top of a $17 billion loan signed off by…
Read More...

Jassem Albudaiwi, the secretary-general of the Gulf Cooperation Council, said that the GCC’s Committee of Central Bank Governors has a significant and prominent role to play in achieving economic integration and interconnection between…
Read More...

Affirming its economic diversification journey, the UAE achieved an all-time high of 1.13 trillion dirhams ($337.6 billion) in non-oil foreign trade during the first half of 2023, representing a 14.4 percent growth compared to the same…
Read More...

Hamdi Tabbaa, head of the Jordanian Businessmen Association, and Yaqoub Ruqaishi, the charge d’affaires at the Omani Embassy in Jordan, met to discuss ways in which bilateral economic relations might be enhanced, the Jordan News Agency…
Read More...

The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports. It led Russia’s central bank to announce an…
Read More...