MENA

Moody’s upgrades Oman’s outlook to positive, citing improved debt metrics and strong fiscal management

The agency also retained its (P)Ba1 rating for the Government of Oman’s senior unsecured medium-term note program

UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total

Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels

Listed firms in GCC report $60.7 billion in net profits, 8.1 percent QoQ growth

Dubai's YoY profit growth reached 30.9 percent in Q2 2024, totaling $6.7 billion

Celebrating Emirati Women’s Day: Visa’s ‘She’s Next’ returns to UAE with third edition

The third edition supports women entrepreneurs in publishing, fashion, food, and more over several months

Türkiye’s foreign trade deficit falls 41.8 percent to $7.3 billion in July

In July 2024, the main partner country for Türkiye's exports was Germany with an export value of $1.752 billion

GCC listed banks post record $14.8 billion net profit in Q2 2024

Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023

$2.3 trillion crypto market reaches new heights, 95 percent more millionaires: Report

The count of Bitcoin millionaires has surged by 111 percent to reach 85,400

Oil prices pause after recent surge amid Middle East tensions, Libyan shutdowns

Brent crude futures declined by 32 cents, or 0.39 percent, to settle at $81.11 per barrel

Data breach cost for Middle East businesses rises 10 percent to $8.74 million in 2024: Report

Energy sector experienced the most expensive data breaches across all industries, reaching $9.83 million per breach on average

Six planets unite in the dawn hours on August 28 – All you need to know

The planets were seen aligned in Abu Dhabi in a 172-degree sky sector on August 23

Visa-free travel to Sri Lanka: UAE, Saudi Arabia, and 33 other countries granted access

Saudi Arabia ranked third as a potential market for Sri Lankan tourism in June 2024

Falling interest rates drive 87 percent of GCC investors to eye U.K. in 2024: Survey

73 percent of Saudi investors have considered investing in U.K. property and 75 percent are eyeing Birmingham or Manchester

Aluminum and iron ore drive Bahrain’s $894.31 million export surge in July 2024

China emerged as the leading import partner, contributing BHD73 million (16 percent) to Bahrain's import basket

Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin

This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint

Dubai welcomes over 691,000 health tourists, generating $280.42 million in spending

The emirate's indirect revenue from health tourism reached AED2.3 billion in 2023

GCC students shine at Huawei’s Seeds for the Future 2024 program regional finals

This year’s edition brought together 150 university students from 14 countries across the Middle East and Central Asia

Abu Dhabi’s Masdar, Infinity Power to build 200-megawatt wind farm in Egypt

The MoU secures a long-term supply of renewable energy from a large onshore wind project in Ras Ghareb, Egypt

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

Growth of IPO market: Increasing contributions from reputed public and private sector entities 

Technology, healthcare, and real estate companies are keen to explore IPO opportunities  

Harnessing public-private partnerships to transform local economies  

PPPs attract investments, create jobs and develop new capabilities 

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

Resilient MENA IPO market generates $2.64 billion in Q2 2024, set for strong remainder of year: Report

Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds