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News
5Morgan Stanley Cuts Saudi Economic Growth Forecast to 1.8% Contraction
Morgan Stanley cuts its Saudi economic growth forecast for 2026 to a 1.8% contraction, with oil output shrinking 17.8% and export recovery delayed until 2027.
Saudi Non-Oil Activity Grows 0.9% as GDP Drops 4.7%
Non-oil and government activities in Saudi Arabia grew by 0.9% in the second quarter, while Gross Domestic Product contracted by 4.7%.
Egyptian Economy Achieves Highest Growth in 3 Years, Reaching 5.1% in the Last Fiscal Year
The Egyptian economy grew by 5.1% during the fiscal year 2025/2026 in its strongest performance in three years, as the government targets achieving 5.4% in the coming year.
Eurozone Records 0.4% Growth in the Second Quarter for the Second Consecutive Year
The European economy expanded by 0.4% quarter-on-quarter in the second quarter, beating expectations amid a recovery in household consumption and growth in the services sector.
Portugal and Spain Lead Eurozone Growth with Above-Average Performance in the Second Quarter
Portugal grew by 1.1% and Spain by 0.8% quarter-on-quarter in the second quarter, outperforming the Eurozone average, driven by tourism revenues and infrastructure investment.