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 the next, before slowing to just above 3 percent over the next five years, well below the historical average.IMF Managing Director Kristalina Georgieva said that growth in the Middle East...
Saudi Arabia’s used car market shows signs of recovery
Ken Research study says oil-rich kingdom's used car market is growing again after a decline in growth in 2016. The market is expected to grow at a CAGR of 4.5% The used car market in Saudi Arabia has rebounded with a reasonable growth in sales of cars, after the market...
SMEs in Dubai will be encouraged to bid for govt tenders
*Dubai finance ministry and Dubai SME sign MoU * SME owners will be encouraged to register in the ministry's Federal Supplier Register Dubai’s Ministry of Finance recently signed a Memorandum of Understanding with Dubai SME to support the business sector and advance comprehensive and sustainable development in the country. Under...
MENA: Saudi Arabia was top FDI destination in 2020
Saudi Arabia received $10.4 billion in investment FDI projects in the kingdom fell by 49 percent to 73 Amid all the doom and gloom brought on by the outbreak of coronavirus that badly hit the economies around the world, Saudi Arabia received a big boost to its economy last year...
Renewables grew fastest in two decades in 2020: IEA
IEA has said renewable sources of energy grew at their fastest clip in 2020 in this millennium The world added enough infrastructure to produce 280 GW of energy via renewable sources in the year gone by Wind, solar and other renewable sources of electricity showed in 2020 their fastest...
