Germany reaches deal on budget crisis, economy still in trouble
In 2023, Germany faced a recession of 0.5%. In 2024, its GDP will fall by as much as in 2024...
Category : Economy
Moody’s maintained its ‘C’ rating on Egypt
Moody's anticipates a volatile economic environment to endure, because of persistent political impasse and weak institutions...
Dubai’s inflation moderates to 4.27%
The 2.67% increase in restaurant and hotel service costs was the reason given for the monthly increase in inflation in Dubai...
Qatar’s economic growth finds stability after FIFA World Cup boom: IMF
Qatar's efforts to achieve its National Vision 2030 - which aims to ensure sustainable development by the end of the decade - are expected to yield positive results...
Kenya fuel & electricity prices to increase
Currently, people in Kenya pay Ksh0.25 per litre of petrol, diesel, and kerosene as a petroleum regulatory levy, and Ksh0.08 for each unit of electricity as EPRA levy...
IF Insights: Israel feels ‘Gaza Pinch’ as its economy struggles
Israel nearly collapsed in 1973 due to the cost of armaments and drafting 200,000 army reservists for Yom Kippur...
United Kingdom-Saudi Arabia trade in goods & services surges by 65.8%
Saudi Arabia was the source of the United Kingdom's imports of refined oil, crude oil, non-ferrous metals, and basic plastics, among other things...
Discussing impact of Gaza war upon MENA’s dealmaking, tourism and FDI activities
Tourism revenue will decrease because people will feel that there is a security concern...
UAE eyes free trade deals with more countries by 2023 end
The UAE has so far signed several CEPAs including from Israel, Turkey, India and Indonesia, as part of a strategy to diversify its economy away from oil...
Hungary increases 2023 budget deficit target amidst economic uncertainty
Hungary's economy is expected to reach over USD 263 billion by 2026...