China’s economy is emerging from three years of pandemic lockdowns, but the recovery has been uneven
economic recovery
Latest in economic recovery
debt ceiling
US debt deal secured: Biden, McCarthy express confidence in its approval
The compromise after weeks of intense talks offers a path back from the precipice
economic outlook
Back-to-school anxiety plagues global markets but silver linings remain
After a positive start to the summer, all asset classes are back in the red, with serious concerns affecting each of them. The worst is certainly not priced-in but it’s also never certain; we are cautious but less pessimistic than most for the medium-term
economic recovery
Covid prevention in focus at G20 finance, health ministers meet as rising cases limit economic recovery
Ministers also discussed the possible establishment of a financial intermediary fund (FIF) for pandemic prevention, preparedness, and response
Bahrain
Rise in tourism, oil output to lift Saudi economy by 7% in 2022, outpacing other GCC nations: report
The World Bank report attributes the economic rebound in the GCC to the region’s broadly successful vaccination rollout, the easing of pandemic restrictions, and developments in the hydrocarbon market
Dina Ting
Shining the spotlight on Saudi Arabia: Improved oil prospects, diversification, and investment opportunities
Saudi Arabia’s economic rebound is drawing attention with an obvious boon from rising oil prices. Outside of hydrocarbons, the country is continuing to diversify and reform in a number of sectors as part of its ambitious Vision 2030.
cadastre system
Six guiding principles to develop sustainable real estate markets in the Middle East: PwC report
Despite economic measures and incentives launched by Middle East governments, there is a need to improve real estate fundamentals such as legislative and regulatory frameworks to achieve long-term sustainability, experts said
Abu Dhabi
Abu Dhabi sees non-oil real GDP grow by 4.1 percent in 2021 as sectors hit by Covid-19 make a robust recovery
Non-oil activities contributed to 49.7 percent of Abu Dhabi’s real GDP in 2021, showcasing the emirate’s remarkable progress in diversifying its economy
economic recovery
OPEC Fund for International Development approves $233mn funding to aid public sector projects
The funding to aid economic recovery, infrastructure projects, and food security will benefit a number of countries, including Kosovo, Pakistan, Uzbekistan, and Zimbabwe
budget surplus
UAE economic recovery on “firm footing” despite Omicron concerns, fallout of Russia-Ukraine conflict
Despite a modest setback at the turn of the year, the UAE GDP is forecast to grow by 6.2 percent in 2022, and 6.7 percent in 2023, backed by expansionary government policy and the surging oil sector
economic recovery
Why uncertainty will continue to be the only certainty for wealth management in 2022
Arabian Business sat down with Bernard Bonvin, a senior partner of the Probus Group, to talk about how the markets have fluctuated, what to expect going into 2022, and what risks investors should be aware of
economic outlook
Oil price spike and the Expo – twin boosts for the Gulf economies
While the sharp recovery in global trade post-Covid has largely peaked, economies in the Gulf region are benefiting from the current spike in oil prices, as the gas price crunch has spilled over into the oil market
economic outlook
Central banks help risk sentiment with their cautious steps to normalisation
One asset that has very recently responded to central banks that have pulled back from overtly hawkish talk is gold
digital technologies
Dubai’s ambition will set the stage for the post-pandemic recovery
Whereas some countries have closed their doors to cooperation, it has been reinvigorating to see countries – like the United Arab Emirates – robustly support such platforms for global conversation and exchange
economic outlook
How reforms, new growth drivers are helping GCC Covid-19 recovery
Diversification efforts continue though as the world accepts and moves towards a greener future, says ADCB chief economist
economic outlook
Turning point or temporary pause? An update on the global recovery
We expect volatility, but as the economic outlook is not what keeps us up at night, we remain constructive for the quarters ahead
Coronavirus Pandemic
Covid-19 vaccines driving GCC economic recovery
High inoculation rates underpin economic recovery, but threats of scarring are present, warns World Economic Forum expert