Gulf economies set for 10.3% rebound in 2027 if oil flows recover, says World Bank
The World Bank expects GCC output to contract by 4.3% in 2026, with the disruptions at the Strait of Hormuz affecting energy exports and other activities...
Category : Macroeconomy
Bank of Japan raises interest rates to 31-year high, signals more hikes ahead
The BOJ raised its policy rate to 1.25% from 1% by a 7-2 vote, with dovish board members Toichiro Asada and Ayano Sato dissenting to the move...
China’s factory activity picks up pace as new orders and exports accelerate
China's finished goods inventories also grew at the sharpest rate since September 2025, with firms increasing purchasing activity...
Fed’s next policy meeting in focus as US inflation remains elevated
In July, the Personal Consumption Expenditures Price Index increased 3.7% in the 12 months through the month, unchanged from June...
Headache for Trump administration as US debt races towards USD 40 trillion
Lost tariff revenue and persistent budget deficits are accelerating borrowing just as investors demand higher returns to hold longer-dated Treasuries...
IMF sees war-torn Syria’s recovery accelerating but warns reforms must deepen
IMF forecasts strong growth as investment and refugee returns boost the economy, while urging Damascus to overhaul its banking and fiscal systems...
Despite Germany’s improving business confidence, analysts urge caution
Ifo Institute's Business Climate Index climbed to 86.6 in July, up from a slightly revised 85.7 in June, signalling growing optimism from German businesses...
Saudi economy stays resilient amid Iran war, retains top Fitch ratings
As per the Fitch, Saudi to grow 0.6% in 2026, reflecting trade disruptions due to the Hormuz tensions, before rebounding in 2027...
Mixed performance by Saudi on FDI front as net inflows decline in Q1 2026
There was a positive growth in total FDI inflows into the Saudi economy during the first quarter of 2026, as the tally rose to SR26.6 billion...
Oman posts USD 31.5 million budget deficit in 2025, says report
As per the ministry, the deficit was 26% lower than the budgeted deficit of OMR 620 million (USD 1.61 billion), primarily due to higher energy revenues...