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Tag: middle east business articles

Global growth to remain resilient in 2025 and 2026

Global growth to remain resilient in 2025 and 2026 OECD: The global economy is projected to remain resilient despite significant challenges, according to the OECD’s latest Economic Outlook. The Outlook projects global GDP growth of 3.3% in 2025, up from 3.2% in 2024, and 3.3% in 2026. Inflation in the OECD is expected to ease further, from 5.4% in 2024 to 3.8% in 2025 and 3.0%...

MENA Online Gifting Market Sees 62% Rise in Festive Sales

MENA Online Gifting Market Sees 62% Rise in Festive Sales The festive season fuels growth in MENA e-commerce platforms and gifting marketplaces, driven by special promotions, convenience, and rising interest in mobile shopping Online orders for gifting items in the MENA region are witnessing a surge during the year-end festive season, a new report found, suggesting impressive record sales. Leading gifting marketplace Flowwow reported an impressive 62...
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The global economy has yet to turn the corner

The global economy has yet to turn the corner World Bank: As 2024 begins, the outlook for the global economy seems to be improving. Major...

Open Banking Market in Arab Countries Can Reach $1.17

Open Banking Market in Arab Countries Can Reach $1.17 The latest report by red_mad_robot paints a compelling picture of the future exploring fintech trends shaping...

The IMF greenlights $1.2 billion loan to Jordan for economic reforms.

The IMF greenlights $1.2 billion loan to Jordan for economic reforms. The Executive Board of the International Monetary Fund (IMF) approved today a four-year arrangement...

The Middle East’s Top 100 CEOs 2023

The Middle East’s Top 100 CEOs 2023 Forbes Middle East  has released its third annual list of the Top 100 CEOs in the Middle East,...

Visa Credit Card Use Ramped Up in 2023

Visa Credit Card Use Ramped Up in 2023 Despite inflation dropping from a June 2022 peak, consumers worldwide still pay higher prices for goods and...

Construction, Road, Water, Sewage Networks Cost Index 

Construction, Road, Water, Sewage Networks Cost Index  Increase in the Construction Cost Index (CCI) for Residential Buildings The Construction Cost Index (CCI) for residential buildings in...

World Bank Strengthens Support to Education in Jamaica

World Bank Strengthens Support to Education in Jamaica World Bank: The Government of Jamaica and the World Bank have signed a $30 Million agreement aimed...

Climate Action Key to Kenya’s Upper-Middle-Income Country Aspirations

Climate Action Key to Kenya’s Upper-Middle-Income Country Aspirations Kenya remains vulnerable to frequent climatic shocks that pose significant economic risk. Without adaptation measures, the impact...

Growth of Malaysia’s Islamic banks outpacing conventional peers

Growth of Malaysia's Islamic banks outpacing conventional peers The Edge Malaysia: The growth of Islamic banks in Malaysia has outpaced its conventional peers, with penetration...

Strengthening the Sustainability & Climate Resilience of Algeria’s Forests

Strengthening the Sustainability & Climate Resilience of Algeria’s Forests The World Bank: The World Bank and the Algerian government, through the General Directorate of Forests...

WHO updates guidelines on treatments for COVID-19

WHO updates guidelines on treatments for COVID-19 WHO has updated its guidelines for COVID-19 therapeutics, with revised recommendations for patients with non-severe COVID-19. This is...

SAR 511 Billion Contribution of AI to the Saudi Economy

SAR 511 Billion Contribution of AI to the Saudi Economy Despite the mounting concerns surrounding the impact of Artificial Intelligence (AI) on the field of...