Oman Seeks Russian Investment and Eases Foreign Business Conditions
Oman is actively seeking Russian investment and plans to relax regulations for foreign businesses, according to Omani Ambassador to Russia,...
Economy
Egypt seeks to strengthen financial ties with China and attract investment
According to "Daily News Egypt," Finance Minister Ahmed Kouchouk met with his Chinese counterpart, Lan Fo’an, during the Asian Infrastructure...
EBRD Revises Egypt’s Economic Growth Forecast for FY2024/2025
The European Bank for Reconstruction and Development (EBRD) has updated its forecast for Egypt's economic growth, predicting a rise to...
Oman Unveils $5 Billion Future Fund for Major Projects
Oman has launched a $5 billion investment fund, primarily focused on large-scale projects, but also designed to support SMEs and...
Mergers, acquisitions reshaping GCC’s overall business landscape
RIYADH: Of late, businesses in the Gulf Cooperation Council region have become more inclined toward pooling their resources to achieve operational...
UAE economy forecast to grow by 3.7% in 2024, says World Bank
The UAE’s real gross domestic product (GDP) is expected to grow by 3.7% in 2024, up from from 3.4% last...
Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June
RIYADH: The non-oil private sector in Qatar continued to maintain its healthy growth in June, as the country’s Purchasing Managers’...
Egypt’s macroeconomic conditions improving, says minister
Egypt’s macroeconomic indicators have improved as the North African country recorded a primary budget surplus of 1.2 percent of the...
Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister
The non-oil sector in Qatar achieved a growth of 9.9% and the oil sector recorded an increase of 4.8% in...
Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021
RIYADH: Decelerating food prices drove Oman’s inflation levels to a 10-month low of 1.1 percent in April, according to the...
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