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MENA
Markets
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
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
MENA
Rise of affordable housing to boost MENA’s real estate sector
Transforming the region with accessible and sustainable living solutions
MENA
Green finance is funding sustainable progress in MENA
Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023
MENA
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
Economy
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
Economy
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
Economy
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
Health
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
MENA
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
Banking & Finance
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
Economy
Lebanon’s reforms are insufficient for recovery, says IMF
Lebanon's banking sector continues to struggle with providing credit to the economy
Banking & Finance
EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth
Partnership offers investors more efficient and unique ways to manage their portfolios
Cars & Boats
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
Banking & Finance
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
Economy
Oman, Kuwait ink four agreements in investment, education and metrology
Agreements to boost existing and future investments in Oman and Kuwait in key sectors
Markets
Majority of Middle East IPOs experience positive aftermarket gains in 2024: Report
Notable market gains included MBC Group Co and Avalon Pharma
Economy
29 percent of Middle East CEOs report leadership attraction, development and retention as their biggest challenge: Survey
22 percent see leadership succession and turnover as their chief concern
MENA
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
Energy
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
Markets
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
Logistics
Key trends impacting the development of airports in the Middle East
Air travel growth in Saudi Arabia is anticipated to remain significant
Logistics
Hafeet Rail: UAE-Oman rail network construction set to begin
The project's total investment value reaches $3 billion
Economy
Türkiye central bank raises year-end inflation forecast to 38 percent
Inflation rose to 69.8 percent in April, highest since late 2022
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