Economy

International economic growth showed resilience in June, maintaining the second-highest level observed in the past 13 months, according to S&P Global’s latest report based on the Purchasing Managers’ Index. The JP Morgan global…
Read More...

Capital flows and economic resilience have positioned the Association of Southeast Asian Nations financial markets in a relatively stable state, according to Qatar National Bank. In its latest economic commentary, QNB highlighted the…
Read More...

Saudi Arabia’s first-quarter current account surplus widened to SR28.6 billion ($7.6 billion), up 75.46 percent from the previous quarter, driven by strong services exports, an analysis showed. According to S&P Global Market…
Read More...

Saudi Arabia’s Small and Medium Enterprise Bank disbursed SR1 billion ($267 million) between its launch in December 2022 and January this year, latest figures show. Official data from the Kingdom’s National Development Fund highlights…
Read More...

Egypt’s sovereign fund has signed four agreements worth $33 billion in the field of green ammonia with European developers, a cabinet statement said on Sunday. Prime Minister Mostafa Madbouly observed the signing of these agreements…
Read More...

Infrastructure projects in Kazakhstan will receive support from the Islamic Development Bank after a deal was signed in Vienna. IsDB President Mohammed Sulaiman Al-Jasser inked the agreement with the Central Asian country’s Deputy Prime…
Read More...

The Gulf region’s luxury sector is growing twice as fast as the global industry, reaching $12.5 billion in 2023, driven by strong macroeconomics and flourishing tourism, a new report revealed. According to the findings by luxury goods…
Read More...

Growth of the Gulf economies is projected to pick up from September thanks to anticipated interest rate cuts and an increase in oil output, according to new data. In its latest Middle East and North Africa Gross Domestic Product report,…
Read More...

Saudi Minister of Finance Mohammed Al-Jadaan led the Kingdom’s delegation at the fourth Saudi-Swiss Financial Dialogue, recently held in Zurich. Senior officials from the Ministry of Finance, Saudi Central Bank, Insurance Authority,…
Read More...

Saudi Arabia and Switzerland are poised to deepen cooperation in finance and economics as top officials convened for the 4th Saudi-Swiss Financial Dialogue in Zurich. The event, inaugurated by Saudi Arabia’s Finance Minister Mohammed…
Read More...