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Economy

Economy and markets news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Economy overview

Economy news
Turkey retained its stable rating from S&P Global despite protests and turbulence arising from the arrest of Ekrem Imamoglu, the mayor of Istanbul

Risks for Turkey’s economy despite stable credit rating

Turkey’s economic outlook has retained its “stable” rating, according to ratings agency S&P Global, despite heightened political and economic uncertainty since March, with more downside risk than upside opportunity. The agency had raised Ankara’s sovereign debt rating to its present BB-, just below investment grade, in November, the second increase in 2024. It affirmed that […]

President El Sisi of Egypt rides the Cairo metro with his French counterpart, Emmanuel Macron, with planning minister Rania Al Mashat. The line is operated by a French company and Egypt is seeking more private sector involvement in its economy as it implements IMF reforms

IMF urges Egypt to accelerate sale of state assets

The International Monetary Fund has urged Egypt to move faster in selling off state assets to spur growth and reduce debt. The country’s economic growth is forecast to increase from 2.4 percent in fiscal year 2024 to 4.3 percent in fiscal year 2026, according to Jihad Azour, director of the IMF’s Middle East and Central […]

Mena economic data

Mena economic data

The latest indicators for the largest Middle East and North Africa economies outside the GCC, including Egypt, Iran and Turkey

GCC economic data

GCC economic data

The latest economic indicators for the Gulf Co-operation Council countries: the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain – plus links to in-depth pages on each country

The Metropolitan Palace Hotel (formerly the Hilton) in Beirut, owned by UAE billionaire Khalaf Al-Habtoor

Owner plans to cut up and remove five-star hotel from Beirut

UAE billionaire Khalaf Al-Habtoor is considering hiring a Chinese company to deconstruct his five-star hotel in Beirut and move it to another country, following a decision in January to end all investment in Lebanon. Al-Habtoor is considering dividing the 185-room Metropolitan Palace Hotel into pieces and shipping the parts by sea out of Lebanon, possibly […]

The PIF Tower in Riyadh. Despite some misses, Saudi Arabia's Vision 2030 shows progress in key areas like Public Investment Fund growth

Saudi Vision 2030 exceeds PIF targets, but others lag

Saudi Arabia’s Public Investment Fund (PIF) exceeded its 2024 target for assets under management by $60 billion, but the kingdom missed other annual goals in its Vision 2030 economic transformation and social development strategy. PIF now manages about $940 billion of assets, nearly 7 percent above its $880 billion target for the year, according to […]

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