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UAE Central Bank Predicts 4.3% Growth for Emirates in 2024

RIYADH: A rebound in oil and non-oil activities is expected to help the UAE maintain its projected growth rate of 4.3 percent in 2024, the latest quarterly report from the apex bank showed.     In its economic review report for the first quarter, the Central Bank of the UAE forecast the country’s oil and non-oil gross domestic product in 2024 will grow at 3.5 percent and 4.6 percent, respectively.

FAO predicts global food import bill to reach $1.98tn by 2023

RIYADH: The global food import bill is forecast to reach a record high of $1.98 trillion in 2023, up 1.5 percent from 2022, due to a combination of factors including an increase in international prices and higher volumes, the latest UN report showed.    The Food and Agriculture Organization of the UN in its biannual report stated that the anticipated increase in the 2023 bills will happen due to an additional $18.4 billion stemming from higher international prices and $12.9 billion from higher volumes. 

Diriyah CEO predicts Saudi Arabia as a popular spot for Chinese tourists

RIYADH: Saudi Arabia will become an attractive destination for Chinese tourists in the next 20 years, said the group CEO of the Diriyah Gate Development Authority. Speaking on the first day of the 10th Arab-China Business Conference in Riyadh on Sunday, Gerard Inzerillo said Chinese travel enthusiasts are raised in one of the most culturally rich countries in the world, as it is home to a unique cuisine, music, dance, literature and calligraphy.

IMF predicts 3.8% growth for Kuwait’s non-oil sector in 2023

RIYADH: Kuwait’s non-oil growth is projected to increase to about 3.8 percent in 2023 on account of a robust expatriate community, the International Monetary Fund has forecast.    While overall growth is anticipated to drop to 0.1 percent this year, the non-oil economy will be strengthened on the back of the financial stimulus and partial recovery in the employment of expatriates, according to the IMF’s latest analysis of Kuwait.

Sudanese ‘Resistance’ Activists Mobilize Amid Escalating Crisis

Groups of activists around Sudan have set up networks of medics, nurses and engineers to respond to citizens' needs.

UN Predicts India Population to Surpass China by Mid-2023

India will have 2.9 million more people than its neighbour by the middle of the year, UN data suggests.

UK Inflation Rate Drops Below 10%, Still Above Average

Inflation, which measures the rate of price rises, fell to 10.1% in the year to March.

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