Middle East

Egypt’s net foreign reserves surge to $47.109 billion in December 2024

Egypt’s net foreign reserves surge to $47.109 billion in December 2024

Egypt's reserves rose to $47.1B in Dec. Growth fueled by investments, aid, and reforms. GDP growth is projected for 2025, with falling inflation.

Geopolitical tensions, instability put brakes on global cooperation: Report

Geopolitical tensions, instability put brakes on global cooperation: Report

Global cooperation stalled due to tensions, but shows progress in climate finance, trade, tech, and health despite setbacks in peace & security.

Egypt targets 5-6 percent GDP contribution from mining sector

Egypt targets 5-6 percent GDP contribution from mining sector

Egypt resumes Zohr gas drilling (Jan), launches mineral portal (2025). Mining investment areas open. Strategy boosts production, renewables to 42% (2030).

UAE’s Patent Hive initiative to reduce patent registration time to only 6 months

UAE’s Patent Hive initiative to reduce patent registration time to only 6 months

UAE's "Patent Hive" cuts patent approval time to 6 months, aiming for 6000 patents by 2026. It offers incentives, training and seeks a top 15 GII spot.

Bahrain's economy grows 2.1 percent in Q3 2024 on non-oil sector expansion

Bahrain's economy grows 2.1 percent in Q3 2024 on non-oil sector expansion

Bahrain's Q3 GDP grew 2.1%, led by 3.9% non-oil growth; oil declined 8.1%. 2024 GDP forecast 2.7%, rising to 3.4% in 2025. Investments up.