World Economy Search from date Middle East’s top 30 banks amass $2.5T in assets:Forbes 8 August 2022 Saudi Arabia records $21B budget surplus in Q2 7 August 2022 Saudi Arabia raises September crude prices to Asian buyers 4 August 2022 Oil prices slip after OPEC+ added 100k bpd to output 4 August 2022 Saudi Arabia’s real GDP leaps 11.8% in Q2 31 July 2022 Federal Reserve ratifies 2nd consecutive interest rates of 0.75% 28 July 2022 Global growth could slow down to 2% in 2023: IMF report 26 July 2022 Saudi Arabia arranges $80B in investment fund for Neom 26 July 2022 Qatar's oil, condensates exports rise 11% MoM 25 July 2022 Saudi Arabia’s commodities exports jump 83.4% YoY in May 25 July 2022 EU eyes replacing Russian natural gas with supplies from Nigeria 24 July 2022 Russia, Ukraine reach agreement to resume wheat exports 24 July 2022 ECB raises key interest rates by 50 basis points 21 July 2022 Russia resumes natural gas supply to Germany 21 July 2022 Saudi startups receive 244% YoY higher VC funding in H1 2022 20 July 2022 Russia’s Gazprom signs $40B MoU with Iran 20 July 2022 UK’s unemployment rate falls to 3.8% in three months 19 July 2022 Jordan’s economy likely to grow by 2.1% in 2022: World Bank 19 July 2022 Ukraine’s NBU sells $12.4B gold reserves since outbreak of war 18 July 2022 Saudi Exchange launches sharia-compliant index 18 July 2022 UAE launches AED 3B National Space Fund 18 July 2022 Biden, GCC leaders may commit $4B to MENA’s food security 17 July 2022 Federal Reserves’ members opt for tighter interest policy 7 July 2022 Higher demand boosts Saudi non-oil activities 5 July 2022 UAE’s non-oil economy records slowest growth in 5 months 5 July 2022 Saudi Central Bank pumps SAR 50B into local banks 29 June 2022 G7 pledges $4.5B to support global food security 28 June 2022 Saudi Arabia, UAE reach maximum oil production capacity: Macron 28 June 2022 G7 vows to raise $600B to rival China’s Belt and Road 27 June 2022 Russia defaults on $100M overseas debt for 1st time in over a century 27 June 2022 More