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...
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15.01.202515.01.2025Economy
UAE Consumer Spending Expected to Rise by 13% in 2025, Outpacing Global Trends
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...
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12.01.202512.01.2025Economy
Egypt’s Inflation Drops to 23.4% in December 2024
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...