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In the Asian stock market, Japan’s Nikkei rose 0.3 percent and Taiwan’s benchmark climbed 1.09 percent
Real GDP growth is projected to rise from 2.4 percent in FY2023/24 to 3.8 percent in FY2024/25, then to 4.2 percent and 4.6 percent in FY2025/26 and FY2026/27, respectively, according to World Bank projections
Market rates, such as the Turkish Lira Overnight Reference Rate (TLREF), have also aligned in the 46 percent range
A stronger dollar and prospects of fewer U.S. interest rate cuts weighed on investor sentiment this week
After keeping interest rates in the 4.25-4.50 percent range, Fed policymakers signaled that rate cuts are still likely to happen in 2025
Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts
Non-oil sectors in the GCC are forecast to grow 4.1 percent this year, supported by strong domestic demand
Saudi Arabia ranks among the lowest inflation rates in G20 countries
Fed's upcoming meeting may signal potential interest rate cuts amid economic uncertainty
Since the Fed's May policy meeting, the Trump administration has delayed its global tariffs until July
Trump announced on Wednesday that U.S. personnel were being moved out of the Middle East due to heightened security risks
The UAE's growth is projected at 4.6 percent in 2025, and 4.9 percent in 2026 and 2027
