EU projects 0.9% GDP growth in 2024, signaling modest recovery
The EU forecasts modest GDP growth of 0.9% in 2024, with inflation falling sharply and economic stability gradually returning after prolonged stagnation and global economic...
Tag : economic growth
UAE diamond trade set to hit $40 billion by year-end 2024
UAE’s diamond sector is projected to exceed $40 billion this year, boosting the nation’s rank as the third-largest global diamond market, per Ministry of Economy’s...
TECOM Group announces AED293 million profit for Q1 2024 with high growth
TECOM Group announced AED293 million net profit in Q1 2024, a 15% year-on-year increase, driven by record occupancy rates across its portfolio, as demand for...
BOJ keeps rate steady at 0.25% amid stable inflation projections
The Bank of Japan held its interest rate steady at 0.25% and updated its inflation forecast, predicting moderate stability in Japan’s economic growth through to...
Fed slashes rates by 50 basis points as inflation cools
The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and...
Saudi Arabia’s non-oil economy grows 4.9% in second quarter of 2024
Saudi Arabia’s non-oil economy grew 4.9% in Q2 2024, powered by financial and insurance gains, supporting the Kingdom’s Vision 2030 focus on reducing oil dependence....
PM Modi lays foundation stone for India’s largest deep-water port
India has unveiled its largest deep-water port, Vadhvan, in Maharashtra today, marking a major boost in the nation’s maritime capabilities and global trade profile....
PM Modi lays foundation stone for India’s largest deep-water port
India has unveiled its largest deep-water port, Vadhvan, in Maharashtra today, marking a major boost in the nation’s maritime capabilities and global trade profile....
Saudi Arabia’s FDI stock surges to $215 billion in 2023
Saudi Arabia's strategic reforms lead to a $215 billion FDI, positioning it as a top global investment destination....
UAE economy shows robust growth in non-oil sectors
The UAE sees continued economic growth in non-oil sectors like real estate, tourism, and manufacturing, according to OPEC's latest report....