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2024 in Review: Key Economic Trends and Market Insights

  • Writer: Investory
    Investory
  • Feb 25
  • 3 min read


As we reflect on 2024, it has been a year of economic resilience, financial market shifts, and new investment opportunities. The global economy experienced both challenges and growth, with significant developments in the GCC region, equity markets, and alternative energy sectors. At Investory, we have compiled an in-depth review of the key trends shaping the financial landscape over the past year.


Global Economic Overview


The global economy witnessed moderate growth, with GDP expanding by 2.8%. Inflation rates showed signs of stabilization, falling closer to central bank targets, yet remained a critical concern at 5.8% on average. World trade volume increased by 2.7%, supported by easing supply chain constraints and stronger consumer demand in key markets.


However, one of the most pressing global concerns was rising debt levels. By the third quarter of 2024, global debt had reached a record $320 trillion, driven by increased borrowing amid declining interest rates. This created concerns about long-term financial stability and sustainability.


GCC Economic Strength and Resilience


Despite external economic pressures, GCC economies demonstrated robust growth in 2024. The non-oil sector was a major driver, with industries such as finance, logistics, and trade leading economic expansion.


  • Saudi Arabia’s non-oil economy grew by 4.4%, reflecting strong diversification efforts.

  • The UAE’s economy expanded by 4%, underpinned by investor confidence and a thriving IPO market.

  • Inflation across the GCC remained stable, ranging from 0.8% to 2.6%, showcasing prudent monetary policies.


While oil production cuts affected some economies, GCC nations maintained economic resilience through strategic fiscal measures and investment diversification.


IPO Market Performance: A Strong Year for GCC Listings


The IPO market in the GCC experienced another strong year, raising $12.88 billion—accounting for 10.5% of global IPO activity. Key highlights include:


  • Talabat Holding’s $2 billion IPO, marking the largest listing in the GCC.

  • Lulu Retail Holdings raised $1.72 billion, with an oversubscription rate exceeding 25 times.

  • The UAE, Saudi Arabia, and Abu Dhabi led the region, with 49 IPOs collectively raising $9.1 billion.


These trends demonstrate strong investor appetite, confidence in regional markets, and a maturing IPO landscape.


UAE’s Transition to Alternative Energy


2024 was a milestone year for renewable energy initiatives in the UAE, reinforcing its commitment to sustainability and economic diversification:


  • Barakah Nuclear Energy Plant reached full operational capacity, generating 40 terawatt-hours (TWh) annually.

  • The Mohammed bin Rashid Al Maktoum Solar Park expanded to meet a 5,000MW target by 2030.

  • UAE companies invested in global clean energy projects, including a 10GW wind farm in Egypt, one of the world’s largest wind energy projects.


With these initiatives, the UAE continues to position itself as a leader in green energy development and climate-conscious investment strategies.


Global Markets and Investment Trends


Despite global volatility, equity markets saw mixed results. The U.S. markets performed exceptionally well, with the S&P 500 returning 24%, while emerging markets displayed resilience amid fluctuating economic conditions.


The cryptocurrency market also witnessed significant growth, with Bitcoin reaching an all-time high of $108,000 in December. This surge was driven by increasing institutional adoption, regulatory advancements, and market optimism.


In the GCC, bond issuances reached $103.4 billion, a record-breaking figure that highlights strong investor confidence in regional markets.


Conclusion & Call-to-Action


Understanding the financial landscape is essential for investors and market participants. This review captures the economic highlights of 2024, offering insights into major trends across the GCC, IPOs, alternative energy, and financial markets.


📥 Download the full "2024 in Review" report here:



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