economy

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt further plans to sell more state assets, which would reduce the state's role in the economy.

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

U.S. dollar surges to 5-month high as retail sales beat expectations

U.S. retail sales data released on Monday showed a 0.7 percent increase last month

U.K. unemployment rate hits 6-month high of 4.2 percent, exceeding expectations

The unemployment rate in the country stood at 3.9 percent in the three months to January

Inflation in Germany eases to 2.2 percent in March, lowest since June 2021

The consumer prices increased by 2.7 percent year-on-year in February 2023

Japanese yen plunges to 34-year low amid dovish BoJ outlook

The yen weanked past the 154 range vs dollar

Inflation in France slows to lowest point since 2021, records 3.2 percent in March

Driven by lower growth in the prices of food, services, tobacco, energy, and manufactured products

Portugal’s government forecasts 1.5 percent economic growth for 2024

The country’s economic growth estimates align with the state budget, slightly lower than election promises

Oil prices climb on China’s economic growth, Middle East tensions

Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel

The World Bank: MENA can be an engine for change, partner for sustainable future

Region must tackle important structural reform agenda to ensure peace and stability

Oil and beyond: The Middle East economies’ path to new horizons

Region expected to grow by less than 3 percent in 2024

The growing importance of procurement and supply chain in today’s economy

Moving into an era of transformation after a decade of innovation, risk mitigation and sustainability