New McLaren Artura Spider launches in the Middle East

New Artura Spider enjoys a weight advantage of up to 83kg and a remarkable power-to-weight ratio

GCC banks’ profitability to remain strong in 2024 on delayed rate cuts: Report

Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity

Oman, Kuwait ink four agreements in investment, education and metrology

Agreements to boost existing and future investments in Oman and Kuwait in key sectors

Majority of Middle East IPOs experience positive aftermarket gains in 2024: Report

Notable market gains included MBC Group Co and Avalon Pharma

UAE, Saudi Arabia explore establishment of Saudi-Emirati Coordination Council to enhance procurement

Council to enhance achievements, protect interests, and create new opportunities for both nations

QatarEnergy to acquire 40 percent stake in two new exploration blocks in offshore Egypt

Blocks cover an area of around 11,400 square kilometers in water depths of 2,000 to 3,000 meters 

Market cap of Arab stock exchanges exceeds $4.361 trillion in April: AMF

Market value of the Abu Dhabi Securities Exchange reached $754.7 billion in April

Key trends impacting the development of airports in the Middle East

Air travel growth in Saudi Arabia is anticipated to remain significant

Hafeet Rail: UAE-Oman rail network construction set to begin

The project's total investment value reaches $3 billion

Türkiye central bank raises year-end inflation forecast to 38 percent

Inflation rose to 69.8 percent in April, highest since late 2022

10 MENA IPOs raise $1.2 billion in Q1 2024: Report

UAE's Parkin raised the highest proceeds, contributing 37.2 percent to total proceeds of MENA IPOs

Türkiye inflation rises to 69.8 percent in April, highest since late 2022

Domestic producer price index increased annually to 55.66 percent in April

Middle Eastern airlines see 10.8 percent increase in demand in March: IATA

Region's carriers saw a 19.9 percent increase in demand for air cargo, the strongest of all regions

Abu Dhabi’s Masdar, Bapco Energies partner for wind projects in Bahrain

The joint venture aims to develop wind projects in Bahrain with a capacity of up to 2 gigawatts

Oman forges industrial economic alliances with Saudi Arabia, Japan, and U.S.

The agreements aim to promote private sector involvement in the country's economic growth

GCC oil firms need $15-25 billion in low-carbon investments by 2026: S&P report

In light of COP28, several national oil companies in the region updated their sustainability strategies

UAE, Oman forge investment agreements worth $35.12 billion to enhance cooperation in multiple sectors

Agreement worth AED117 billion to propel renewable energy and green metal megaprojects

Abu Dhabi’s ADQ, Oman Investment Authority launch $180 million technology-focused fund

Jasoor Fund propels digital transformation and technological advancement across the region

IMF projects MENA region’s GDP to grow 2.7 percent in 2024

The IMF expects growth to strengthen by 4.2 percent in 2025

Sukuk issuance continues steady growth, reaching towards $1 trillion in the GCC: Report

Saudi Arabia, UAE and Malaysia will likely stay among the most active sukuk issuers, the report says

UAE’s ADNIC acquires majority stake in Allianz Saudi Fransi, expands footprint in Gulf region

The acquisition will make ADNIC one of the Tier-1 listed insurers in Saudi Arabia