MENA

GCC’s 2024 growth forecast lowered to 2.2 percent on extended oil output cuts

ICAEW has also lowered its 2024 inflation forecast for the GCC region to 2.2 percent this year and 2.1 percent next year

GCC equity markets rebound as foreign capital flows surge to $616.7 million in May

GCC equity markets have accumulated net inflows of $1.77 billion so far this year

MENA IT spending to grow 5.2 percent in 2024 to $193.7 billion: Report

Spending on data center systems to decline by 0.3 percent in 2024

Rise of affordable housing to boost MENA’s real estate sector

Transforming the region with accessible and sustainable living solutions

Green finance is funding sustainable progress in MENA

Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023

79 percent of executives in the Middle East have formal sustainability strategy in place: Report

The survey showed that 52 percent of executives are fully embedding sustainability strategies across their organisation

MENA investments likely to rise as interest rates decline in 2024, boosting IPOs and M&A deals: Report

UAE and Saudi Arabia's startups to continue taking center stage in dealmaking this year

GCC economic growth to rebound to 2.8 percent in 2024, 4.7 percent in 2025: World Bank

Oil production remains crucial in shaping the GCC region's fiscal and external balances

Middle East is fastest growing real-time payments market, transactions to reach 3 billion by 2028: Report

Bahrain tops region with real-time payments making up nearly 50 percent of the total payment volume

GCC countries eye $135 billion healthcare sector by 2027 through localization and diversification

The sector spending within the GCC alone is tipped to reach $124 billion in 2028

L’Oréal Middle East, AstroLabs launch TechQuest challenge, fueling beauty tech advancements in the region

Out of 535 homegrown startups identified, 14 were shortlisted to innovate next-gen beauty tech for L'Oréal Middle East

GCC debt capital market grows 7 percent to $940 billion in Q1 2024: Fitch

Market to maintain growth this year and the next as it steadily approaches $1 trillion

Lebanon’s reforms are insufficient for recovery, says IMF

Lebanon's banking sector continues to struggle with providing credit to the economy

EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Partnership offers investors more efficient and unique ways to manage their portfolios

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