Tag : middle east economy

Business

World Bank approves US$700 million loan for Jordan jobs

omandailynews.com
AMMAN, JORDAN / MENA Newswire / – The World Bank approved a US$700 million loan for Jordan to support private investment, job creation and economic reforms. The financing falls under the Jordan Growth and Competitiveness Development Policy Financing II program. It supports steps linked to the country’s Economic Modernization Vision......
Business

Egypt GDP rises 5.2% as foreign reserves climb

omandailynews.com
CAIRO / MENA Newswire / — Egypt’s economy grew 5.2% in the first nine months of fiscal year 2025/2026, covering July 2025 through March 2026. The Ministry of Planning, Economic Development and International Cooperation reported the rate in its latest update on Egypt GDP growth. The period includes the first three quarters......
Business

Egypt GDP rises 5.2% as foreign reserves climb

omandailynews.com
CAIRO / MENA Newswire / — Egypt’s economy grew 5.2% in the first nine months of fiscal year 2025/2026, covering July 2025 through March 2026. The Ministry of Planning, Economic Development and International Cooperation reported the rate in its latest update on Egypt GDP growth. The period includes the first three quarters......
Business

Egypt secures $1 billion World Bank reform support

omandailynews.com
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
Business

GCC beats global average in 2026 economic freedom index

omandailynews.com
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....
Business

CBUAE leaves base rate unchanged at 3.65%

omandailynews.com
CBUAE kept the UAE base rate at 3.65% after the Federal Reserve held rates steady, leaving the overnight liquidity framework unchanged....
Business

UAE economy extends global rise on strong 2026 data

omandailynews.com
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......
Business

UAE enters global top 10 exporters in WTO rankings

omandailynews.com
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......
News

UAE President meets IMF Managing Director in Abu Dhabi

omandailynews.com
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......