Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
Tag : middle east economy
GCC beats global average in 2026 economic freedom index
GCC countries scored 66.9 in the 2026 Economic Freedom Index, beating the global 59.9 average as the UAE, Qatar and Oman led the bloc overall....
CBUAE leaves base rate unchanged at 3.65%
CBUAE kept the UAE base rate at 3.65% after the Federal Reserve held rates steady, leaving the overnight liquidity framework unchanged....
UAE economy extends global rise on strong 2026 data
ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil activity, trade, banking and investment, reinforcing its position as one of the region’s fastest-growing economies. Releases published in the first quarter and early second quarter pointed to solid momentum carried......
UAE enters global top 10 exporters in WTO rankings
ABU DHABI: The United Arab Emirates entered the world’s top 10 merchandise exporters in 2025 for the first time, ranking ninth globally after its goods exports rose to $707 billion, according to the latest World Trade Organization trade statistics. The WTO’s main merchandise table also showed the UAE ranked 13th in goods imports......
UAE President meets IMF Managing Director in Abu Dhabi
MENA Newswire, ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Kristalina Georgieva, Managing Director of the International Monetary Fund, at Qasr Al Shati in Abu Dhabi on Monday, as the two sides discussed areas of cooperation and current global economic developments. The meeting took place during Georgieva’s visit to the......
World Bank projects strong UAE economic growth through 2027
MENA Newswire, ABU DHABI: The World Bank has forecast that the United Arab Emirates economy will grow by 5 percent in 2026 and 5.1 percent in 2027, positioning the country among the fastest growing economies in the Middle East and well above the projected global average. The outlook was published in the......