India’s manufacturing sector showed significant growth in March, reaching its highest expansion rate in eight months, driven by robust domestic demand. The HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 58.1 in March, up from 56.3 in February. This figure exceeded a preliminary estimate of 57.6 and remained well above...
President Abdel Fattah Al-Sisi convened with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk to review Egypt’s financial performance and outline the key features of the upcoming fiscal year (FY) 2025/26 budget. The proposed budget includes increased allocations for the “Takaful” and “Karama” social protection programs, reflecting the government’s commitment to enhancing support for...
Oman’s economy demonstrated steady growth in 2024, primarily fueled by a robust performance in non-oil activities, according to the Ministry of Economy’s latest Economics Brief. Despite a decline in oil sector revenues and foreign direct investment (FDI) flows, the country’s gross domestic product (GDP) at constant prices reached RO 28.15 billion by the end of...
The World Economic Forum (WEF) Annual Meeting in Davos is focusing on significant global issues such as the Ukraine-Russia war, the emergence of Trump 2.0, and the rapid advancement of artificial intelligence. The 55th annual gathering, which runs from January 20 to 24, aims to foster insightful discussions aimed at reviving and reimagining economic growth...
The UAE is projected to see a substantial 13 percent net increase in consumer spending intentions for 2025, marking the highest growth rate globally, according to a study released on Monday. This contrasts sharply with global spending intentions, which are anticipated to decline by a net 12 percent, as reported in the 2025 Global Consumer...
Egypt’s annual inflation rate dropped to 23.4% in December 2024, down from 25% the previous month, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). This decline was mainly driven by a 1.7% dip in food and non-alcoholic beverage prices, with vegetables showing the most significant drop of 14%. Other food items like...