The World Bank reports a severe economic downturn in Palestinian economy due to Israel-Hamas conflict, with Gaza's economic contribution falling from 36% to 17% since 2005.

Dubai, UAE - Dubai government's general budget for the fiscal cycle of 2024-2026 includes total expenditures of $67.16 billion (AED 246.6 billion), reflecting the emirate's commitment to stimulate economic recovery and growth. A total of 34% of total government expenditures of the 2024 budget goes to the social development sector...

"The country's experience in securing the FIFA World Cup Qatar 2022 was noteworthy. The nation's success in this significant challenge has inspired other regional countries to host, organize, and secure major events. Moreover, developed nations have benefited from the security standards that Qatar established during the tournament," he adds.

"The fiscal policy bolstered economic growth and the competitive business environment, leading to the UAE being ranked as the fastest-growing economy in the year 2022," adds Dubai's Deputy Ruler, Deputy Prime Minister, and Minister of Finance Sheikh Maktoum bin Mohammed, praising the Ministry of Finance’s team for their efforts.

The market has raised prices in response to Saudi production cuts, anticipating tighter supplies. This shows producers' efforts to prevent oil prices from dropping significantly.

Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves through the oil market, says an expert.

Continued economic recovery, ease of travel restrictions, and the growing popularity of the region as a tourist destination have been credited for the sector's resilience.

Companies are spending more on employee salaries and retention, such as increasing insurance premiums and investing in employee benefits, says Brian Habibi of Bayzat.

Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery added to concerns about demand.

The market performed well in 2021, with average home prices and rents increasing by 9.3 percent and 8.3 percent, respectively. Last year's price growth was also the highest since January 2015.

Saudi Arabia may see a rise in inflation as global food and energy prices surge amidst the ongoing Russia-Ukraine war, Alexander Perjessy of Moody’s Investors Service tells TRENDS.

The expected growth rate for 2022 reflects the rise in the growth of the Arab oil-exporting economies to 5.6 percent due to the anticipated increases in the output of the oil and gas sectors.

Jordan’s persistently high levels of unemployment are driven by the limited capacity of its private sector to create more and better jobs. The private sector generates far fewer jobs than the number of new entrants into the labor force, and the public sector is not able to make up for...

The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of 2021.

The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth outlook for 2021.

International Energy Agency says current government plans would increase spending on clean energy to $350, 75 percent short of its $1 trillion Sustainable Recovery Plan

Advanced economies, especially the US, drive forecast upgrade as they are expected to grow by 5% in 2021

Dubai tops list of travel destinations with 83% comfortable traveling to the emirate to attend exhibitions 75 percent of respondents believe exhibitions will be as or more important than they were pre-COVID A survey tracking the impact of the COVID-19 pandemic on the international exhibitions industry has delivered an optimistic...

The steady growth in liquidity is a new sign of the gradual economic recovery Liquid assets accounted for 15.9 percent of the total assets by the end of the reference quarter Liquid assets held by UAE-based banks increased 2.6 percent to Dh486.58 billion ($132.48 billion) in first quarter (Q1'21) from...