UAE – Mubasher: The proptech sector in the UAE is projected to be valued at AED 5.69 billion by 2030, according to market insights and analysis firm Research and Markets. The market would nearly triple and expand at a compound annual growth rate …
Mubasher: AI is becoming a key tool for travelers planning trips to the Middle East, with nearly six in 10 have used AI for travel planning and with 21% using it before their most recent trip, according to a recent report by Tourism Economics on …
Mubasher: The global initial public offering (IPO) market showed resilience in the first seven months (7M) of 2025, with proceeds rising to $56.80 billion, according to GlobalData. The proceeds increased by 9.50% year-on-year (YoY) as of 31 July …
Mubasher: Youth across the MENA region are showing strong entrepreneurial intent, with 46% of workers expressing interest in starting their own business, according to a recent report by PwC Middle East. Themed as ‘Future Ready MENA,’ the report …
Riyadh – Mubasher: Credit growth slowed month-on-month (MoM) in June 2025 across Saudi banks, attributed to weak mortgage origination (flat Year-on-year (YoY) and -28% MoM), according to the recent Saudi Banking Monthly Report by Al Rajhi Capital …
Cairo – Mubasher: The bilateral trade between Egypt and the BRICS bloc reached $50.80 billion in 2024, an annual rise of 19.50% from $42.50 billion, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). Egypt’s exports …
UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE edged up to 53.5 in June 2025 from 53.3 last May, according to the latest S&P Global PMI data. UAE non-oil private sector businesses registered a contraction in …
Cairo – Mubasher: Egypt's non-oil private sector witnessed a further deterioration in business conditions during June 2025, the latest S&P Global PMI data showed. The headline seasonally adjusted Purchasing Managers’ Index (PMI) dropped to 48.8 …
Riyadh – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Saudi Arabia jumped to 57.2 during June 2025 from 55.8 last May, according to Riyad Bank’s latest data. The index, which was higher than the long-run average …
Riyadh - Mubasher: The net foreign direct investment (FDI) inflows into Saudi Arabia jumped by 44% year-on-year (YoY) to SAR 22.20 billion in the first quarter (Q1) of 2025, according to the General Authority for Statistics (GaStat). On a …
Cairo – Mubasher: Egypt’s real gross domestic product (GDP) growth accelerated to 4.77% in the third quarter (Q3) of fiscal year (FY) 2024/2025, up from 2.2% in Q3 of FY23/24. Minister of Planning, Economic Development, and International …
Abu Dhabi – Mubasher: Abu Dhabi’s hospitality sector generated AED 611 million in revenue during March 2025, according to preliminary data released by the Department of Culture and Tourism (DCT). Total revenue breakdown includes AED 345 million …
UAE – Mubasher: Abu Dhabi’s property market witnessed a 5% increase in luxury transactions valued at AED 7 million and above, reaching AED 6.30 billion in the first four months of 2025, according to Metropolitan Capital Real Estate (MCRE). The …
Riyadh – Mubasher: The real gross domestic product (GDP) of Saudi Arabia recorded a 3.4% year-on-year (YoY) growth in the first quarter (Q1) of 2025, according to the General Authority for Statistics (GaStat). The growth rate was driven by a 4.9% …
Mubasher: Crude oil production in the Federal Offshore Gulf of America (GOA) will average 1.80 million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026, according to the U.S. Energy Information Administration (EIA). This is compared to …
UAE – Mubasher: Abu Dhabi Fund for Development (ADFD) injected development financing totaling AED 216.50 billion by the end of 2024, benefitting 107 countries across various continents. This total comprises AED 157 billion in concessional loans, …
UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE fell to 53.3 in May 2025 from 54 in April, marking its lowest reading in four years. The index remained above the 50 no-change mark, highlighting an improvement …
Riyadh – Mubasher: Saudi Arabia’s headline seasonally adjusted Purchasing Managers’ Index (PMI) rose to 55.8 in May 2025 from 55.6 in April, signaling another solid improvement in the non-oil private sector, according to Riyad Bank’s latest data. …
Cairo – Mubasher: Egypt’s headline seasonally adjusted Purchasing Managers’ Index (PMI) increased to 49.5 in May 2025 from 48.5 last April, according to the latest S&P Global PMI data. The reading, which was below the 50 no-change mark and above …
Cairo – Mubasher: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided, on 22 May 2025, to reduce key interest rates by 100 basis points (bps) The CBE cut overnight deposit and lending rates to 24% and 25%, …
UAE – Mubasher: Dubai Industrial City attracted over AED 1.70 billion in total investment over the past 12 months across vital economic sectors including food & beverage (F&B), heavy equipment, energy solutions, automotive, and light industries. …
