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Total public spending in GCC countries is projected to reach $542.1 billion in 2025
The Saudi Tourism Authority announces direct flights starting July 15 and running through September
The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors
The agreement aims to stimulate investment and provide legal protection for investors in both nations
The decision was made during the weekly Cabinet meeting led by Prime Minister Sheikh Ahmad
Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts
Markets across the Middle East (non-GCC) came in second, with exports and re-exports totaling AED 25 billion
Key sectors include oil and gas, social development, and infrastructure to support mutual goals
The deal establishes a legal framework for tax treaties to eliminate double taxation instances
Both countries agreed to enhance cooperation across multiple sectors
Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day
All state bodies will suspend operations from June 5 to June 9 for the holiday
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Kuwait seeks to gradually increase oil production capacity to 4 million bpd by 2035
AlUla in Saudi Arabia, Kuwait City in Kuwait, and Manama in Bahrain have emerged as notable contenders
The Saudi TASI index rose by 1.8 percent at the start of trading
With this confirmation, work at all ministries, governmental bodies, and public institutions will be suspended for three days
The agreement was the result of six months of negotiations and aims to enhance cooperation at all levels
The issuance is valid for three months, at an income rate of 4.125 percent
IEA says the world needs to invest $700 billion per year by 2040
These indicators reflect Kuwait's commitment to Vision 2035 as a global financial and investment hub
The UAE imports 22 percent of Kuwait's non-oil exports, ranking third after China and U.S.
The UAE President thanked King Salman and Crown Prince for organizing the dialogue
This agreement aims to boost collaboration in promoting the Shaikha Hessa bint Salem Award
