NEWSVERUM / Data desk

Economy, business and finance

IPTC Media Topics 2026-Q2 · IPTC · CC BY 4.0

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Economy

IMF projects 1.7% growth for Saudi Arabia in 2026

The July country review says disruption to shipping through the Strait of Hormuz affected oil and non-oil activity; the forecasts are conditional and subject to uncertainty.

International Monetary Fund4 min read
Finance

UAE banks’ gross assets reached AED5.669 trillion at end-July

Central bank data showed monthly growth in lending and deposits. Non-resident deposits rose 6.8 percent, the fastest reported increase among deposit categories.

Emirates News Agency, reporting Central Bank of the UAE data3 min read
Business

UAE non-oil foreign trade reached AED1.937 trillion in H1

Total value rose 13.1 percent in the first half of 2026, while non-oil exports increased 23.9 percent. The figures also show a higher export share within total trade.

Emirates News Agency (WAM)4 min read
Agriculture

Saudi Arabia and KAUST launch the Namya agri-tech venture

The venture aims to take research to market; the 60 projects and value above SAR448 million refer to the wider partnership portfolio, not Namya alone.

Saudi Ministry of Environment, Water and Agriculture4 min read
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