MENA

DP World Trade Finance, BBK integrate logistics and financial services to boost regional trade

Partnership seeks to drive growth, improve operational efficiency and provide comprehensive support to businesses in trade

Favorable economic conditions to further support GCC Islamic insurers’ growth: S&P

S&P expects 2024 to be another profitable year for the GCC region's Islamic and Takaful insurers sector

Arab stock exchanges exceed market cap of $4.17 trillion in H1 2024: AMF

Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges

Türkiye welcomes 26.1 million visitors in H1 2024, tourism revenues hit $23.7 billion

Türkiye reaffirms commitment to its year-end target of 60 million visitors and $60 billion in revenues

GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment

The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs

MENA sees 321 M&A deals worth $49.2 billion in H1 2024, UAE and Saudi Arabia lead

The UAE and Saudi Arabia reported 94 deals, accounting for 61 percent of the overall domestic M&A deal volume

UAE faces 11.7 percent rise in malware detections as email attacks surge 293 percent globally: Report

Cybersecurity experts stressed the need for improved vigilance and protective measures against growing threats

Türkiye terminates $5 billion deposit with Saudi Arabia to reduce external debt

The $5 billion deposit was made by Saudi Arabia before Türkiye's presidential and parliamentary elections last year

Top 5 GCC IPOs by proceeds during H1 of 2024

GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024

GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report

The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds

GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report

The GCC region already boasts some of the world's most modern airports

World’s largest EV producer BYD to build $1 billion factory in Türkiye

BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs

UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals

MENA startups raised $116 million in June 2024, bringing H1 total to $882 million

Middle East carriers see 15.3 percent rise in air cargo demand in May: Report

Middle East carriers handled 13.5 percent of the overall cargo globally in May

World Bank approves $700 million grant to Jordan to boost human capital, education

The $400 million MASAR Program aims to equip Jordanian youth with skills for the labor market and economic transformation

Top Gulf sovereign wealth funds invest $38.2 billion in 58 deals in H1 2024: Report

Sovereign wealth funds globally invested $64.2 billion in 135 deals while PPFs spent $31.9 billion on 101 deals in H1 2024

From Middle East to Africa, travel sector reaches new heights in 2024: Report

UAE ranked among the top 10 global travel destinations in the past year

GCC banks continue to outperform global peers, remain poised for strong 2024: Report

GCC banks' revenue-to-assets ratio is 3.2 percent, well above the global average of 2.3 percent

Half of all emerging-market debt issued by GCC countries, Malaysia, Indonesia, and Türkiye: Report

In 2024, these countries accounted for 51 percent of U.S. dollar debt issued by EMs (excluding China)

Capital market, IPO reforms spur growth in GCC asset management industry: Report

According to the report, the regulatory regime pertaining to investment funds is evolving in the GCC

Egypt’s PM Mostafa Madbouly targets $100 billion exports by 2030

The meeting emphasized on several ways to make Egyptian products more competitive and increase their market share

90 percent organizations in UAE, Saudi Arabia well positioned for innovation in AI: Survey

Cybersecurity continues to be a major area of concern for organizations in both the UAE and Saudi Arabia