UAE Central Bank to hold rate after Fed pause amid regional tensions
Fed Chair Jerome Powell signalled a cautious approach, noting that elevated energy prices and geopolitical tensions could complicate the inflation...Economy
MEA market decision-making cycle is fast but risk-averse: Ralph MelisÂ
The Middle East and Africa (MEA) markets are characterized by rapid growth, high owner influence, diverse operator models, and a...Technology Economy Profile & Interviews Uncategorized
Gulf sovereign wealth funds face a strategic test amid escalating conflict
The escalating conflict involving Iran, Israel and the United States is emerging as a major test for the Gulf’s sovereign...The United Arab Emirates is expected to maintain a fiscal surplus over the next two years
Saudi Arabia has already been running significant deficits tied to its economic transformation agenda
GCC agriculture sectors post strong 2024 performance
Muscat, Oman -- Gulf Cooperation Council countries recorded strong performance in agriculture, livestock and fisheries during 2024, reflecting the growing...Agricultural and fisheries exports rose to $7.8 billion, up 7.5 percent, while imports reached $38.7 billion, an increase of 10.1 percent.
Vegetables accounted for 45.8 percent of total crop production, the largest share among plant products.
Saudi Arabia’s inflation rate 2 percent in Jan, rental prices main driver
Riyadh, Saudi Arabia -- Saudi Arabia's annual inflation rate in Jan 2025 reached 2 percent compared to January 2024, the...According to GASTAT, Saudi Arabia's inflation rate is considered the lowest among the G20 countries.
CPI measures the prices paid by consumers for a fixed basket of goods and services consisting of 490 items.
Stocks mostly rise, oil falls as Trump fans Ukraine peace hopes
London, United Kingdom -- Major stock markets mostly rallied and oil prices retreated Thursday on hopes for an end to the...London was a rare faller owing to sharp losses to share prices of big companies, including Unilever, Barclays and British American Tobacco.
With Russia being a major producer of oil, crude futures fell heavily on easing supply concerns, while the dollar lost some of its safe-haven support.
Asian stocks rise as Powell rate warning taken in stride
Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell...New York Fed chief John Williams said the economy and consumer spending remained strong
Wall Street ended Tuesday positively, despite tech stocks dragging the Nasdaq into the red
IMF projects 3.3% global growth for 2025, MENA to rebound to 3.6%
Dubai, UAE -- The International Monterey Fund (IMF) has projected global growth to remain at 3.3 percent this year and...IMF Managing Director Kristalina Georgieva said that growth in the Middle East and North Africa is expected to rebound to about 3.6 percent in 2025.
She warned that global public debt is projected to hit 100 percent of global GDP by 2030.
Asian markets advance after Wall St gains, US Postal Service U-turn
Asian markets rose Thursday, tracking gains on Wall Street and following the US Postal Service's U-turn on a ban on...Investors remained on edge about the economic outlook, pushing Gold prices above US$2,882
Disappointing earnings from Google-parent Alphabet weighed on the tech sector
Exclusive: Green investments lead to tangible returns, says WEF’s PhilipsÂ
Public-private partnerships are essential for advancing sustainable urban development and meeting net-zero targets, Vivian Brady Phillips, Head of Strategic Initiatives,...Public-private partnerships are essential for advancing sustainable urban development and meeting net-zero targets, Vivian Brady Phillips tells TRENDS
Technology plays a crucial role in sustainability, enabling energy-efficient operations, smart city connectivity, and digital waste tracking
UAE non-oil foreign trade up by 14.6% in 2024 to reach $816bn
Abu Dhabi, UAE -- UAE's non-oil foreign trade increased by a record 14.6 percent in 2024, compared to 2023, reaching...He said that of all the positive indicators, the most encouraging is the increasing contribution of non-oil exports to UAE's foreign trade.
Last year, they climbed 27.6 percent in to reach a record AED561.2 billion – nearly 70 percent of the AED800 billion target.
Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world
Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...The representation accorded to the Middle East, Africa, and India at Davos shows the growing promise of the region towards global world order, he said.
We are going to see innovation happening from the Middle East outwards, which has never happened earlier, Ramachandran said.
