Browsing: Economy

Adoption of AI will help foster a knowledge-based economy and equip Saudi youth with skills for the digital age

Muscat: The inflation rate in the Sultanate of Oman increased by 0.2 percent in March 2024 compared to the same month in 2023, according to data on consumer price index numbers in the Sultanate of Oman issued by the National Centre for Statistics and Information (NCSI).

The bitcoin market on Friday engineered the “halving” of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money.

JEDDAH: In the heart of Saudi Arabia, amidst the towering skylines of Riyadh, Jeddah and Dammam that have long symbolized the nation’s economic strength, a new narrative is taking shape. It is a story of decentralized development, where attention is shifting away from the bright lights of the cities to the lesser-explored corners of the Kingdom.

CAIRO: A wave of venture capital funding has washed over the Middle East and North Africa region, prompting transformative change in the entrepreneurial landscape.

The digital public consultation reflects the Ministry’s belief in the importance of consulting with all stakeholders including businesses operating in the UAE, advisors, service providers, institutions and investors

Qatar residential real estate market is anticipated to record a compound annual growth rate of 6.24%, while the size of the sector is valued at $4.28bln in 2024: Modor

Earlier this month, the six-member rate-setting committee kept the main lending rate at 6.5%, in line with expectations. It had raised the repo rate by a total of 250 basis points between May 2022 and February 2023

Finance ministers from all over the world have descended on Washington this week to compare notes and hear from IMF and World Bank experts on topics ranging from fiscal policy to global growth and helping poorer countries

This marks the third consecutive year of growth below the pre-pandemic rate, which averaged 3.2% between 2015 and 2019