The IMF projects the Middle East and Central Asia region will contract 0.3 percent in 2026, reflecting its exposure to...
Fitch Ratings expects Saudi Arabia’s fiscal deficits to remain wider than previously budgeted, with higher spending and conflict risks weighing...
Real GDP rose to $132.0 billion at constant prices in the January-March period, while non-oil GDP expanded 4.8 percent, increasing...Finance, construction and technology-led industries powered growth despite regional challenges, underscoring resilience of the diversified economy.
Real estate activities grew 4.8 percent, public administration, defence and compulsory social security rose 4.5 percent, while wholesale and retail trade expanded 2.6 percent.
A BCG report says rooftop solar and decentralized renewable systems can lower electricity costs, reduce emissions and help developers meet...Study says early renewable integration avoids costly retrofits while improving long-term project returns through flexible financing options.
Report highlights Saudi regulatory reforms and strong solar resources as key drivers accelerating renewable adoption across urban developments.
Dubai, UAE -- Kuwait's consumer price index (CPI), a key measure of inflation, increased by 2.19% year-on-year at the end...The Central Statistical Bureau (CSB) said the annual inflation rate was mainly attributed to increases in the prices of food, healthcare, clothing and education.
The food and beverages group recorded the highest annual increase, rising 5.55% compared with June 2025.
The milestone reflected the success of the UAE's strategy to build a diversified, competitive and open economy while strengthening its...He said the performance demonstrated continued international confidence in the UAE economy despite global headwinds and regional geopolitical tensions.
Al Zeyoudi attributed the growth to the country's expanding trade relationships, supported by its Comprehensive Economic Partnership Agreement (CEPA) programme.
Dubai, UAE --Â ChatGPT developer OpenAI is restricting access to its latest artificial intelligence (AI) model at the request of...OpenAI launched a limited preview of its GPT-5.6 models after a request from the US government before wider release.
The preview includes Sol, Terra and Luna models, initially available only to a small group of trusted partners.
- World Economic Forum's Top 10 Emerging Technologies Report 2026, developed alongside the Dubai Future Foundation, has identified 10 technologies that...
Advances in healthcare, energy and manufacturing increasingly depend on infrastructure, deployment capacity, regulation and public adoption.
Among the technologies identified are everything-to-grid energy systems, direct lithium extraction and precision fermentation.
State-backed investors are expanding beyond traditional investment models, increasing exposure to alternatives, AI and direct deals while balancing returns with...Top 10 sovereign wealth funds hold more than 75% of global assets.
Sovereign wealth funds reached about $15 trillion in assets under management in 2025.
- The Kingdom ranked 13th out of 70 economies assessed in the annual report, improving from 17th place a year earlier...
The report attributed the improvement to stronger performance across all four of its pillars: economic performance, government efficiency, business efficiency and infrastructure.
Overall, Saudi Arabia ranked among the global top 10 in 74 of the report's 262 indicators.
Dubai, UAE -- Saudi Arabia’s annual inflation rate rose to 1.8% in May 2026, up from April, as higher housing,...The cost-of-living index increased to 105.3 points in May from 103.5 points a year earlier.
GASTAT said the rise was driven primarily by a 3.7% year-on-year increase in housing, water, electricity, gas and other fuels, reflecting a 4.7% rise in rents.
Most economies saw forecasts downgraded as rising energy costs, inflation and borrowing expenses create fresh challenges for growth and development...World Bank is making up to $60 billion available immediately through existing instruments to support affected countries.
More than 30 countries are working with the institution to strengthen preparedness and enable rapid crisis responses.
