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Economy Middle East Summit
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MENA
Energy
Egypt, Dragon Oil ink agreement to export additional crude oil
Strategic agreement signals new era of economic cooperation
Economy
Türkiye: New Central Bank Governor holds interest rates steady at 45 percent
The decision was widely anticipated following eight consecutive months of rate hikes
Banking & Finance
UAE, Qatar banks lead in first-ever GCC Banking Sentiment Index: KPMG
Saudi banks dominated the GCC’s banking conversation
MENA
Egyptian government signs $1 billion agreement with alliance for real estate development
Facilitating logistical supply for real estate-related projects in Saudi Arabia
MENA
68 percent of MENA consumers use social media as main news source: Report
Print advertising revenues are expected to decline sharply by 11.3 percent by 2027, the report adds
MENA
DAMAC and Vodafone invest $100 million in new data center
The new data centre to be built in Türkiye's Izmir with a capacity of 6 megawatts
Banking & Finance
GCC banks’ strong profitability provides robust shield against potential losses from cyber incidents
No significant losses from cyber incidents for rated GCC banks
MENA
Telecommunications: Connecting the fabric of humanity
The Middle East telecommunications industry has undergone particularly significant shifts
Hospitality & Tourism
Agreement with US-based ISM to further boost Arab tourism industry
Driving growth and innovation in the region tourism sector
MENA
Alibaba forges strategic partnerships with local Gulf companies
Chinese E-commerce giant strengthening ties with Saudi Arabia and the UAE
MENA
COP28 places the GCC at the center of the fight against climate change
The Middle East's pivotal role in climate solutions
MENA
Middle East telecom: Bridging connections for digital transformation
Industry players go beyond just providing connectivity
MENA
Tech boom: MENA emerges as global digital economy hub
Digital economy in region projected to increase from $180 bn in 2022 to $780 bn by 2030
MENA
GCC real estate sector set for growth in the first half of 2024
Stable oil prices and strong economic indicators drive optimism
Economy
WGS 2024: WEF’s Georgieva sees MENA GDP growth reaching 2.9% in 2024
Georgieva highlights the role of the Arab World in shaping future economies
Economy
Public expenditure in Arab countries sees 9.8 percent surge in 2022
AMF's Joint Arab Economic Report highlights key trends and challenges
Economy
Türkiye issues $3 billion 10-year eurobonds, sees strong demand
Capitalizing on investor confidence amidst significant changes in economic strategy
Banking & Finance
Middle East sovereign funds: Powering M&A deals with $81.7 billion in 2023
Region witnessed an estimated $95 billion in mergers and acquisitions in 2023
Energy
Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow
New refinery boasts a daily refining capacity of 230,000 barrels of crude oil
Banking & Finance
Klub, a leader in revenue based financing, expands to Middle East
To create AED1 billion credit umbrella in support of SMEs and startups
Markets
MENA IPO market soars with 48 IPOs in 2023, reaping $10.7 billion
Energy and logistics sectors lead as MENA continues to attract global investments
Banking & Finance
GCC banks to prove resilient in 2024 amid geo-economic challenges: S&P Global
Robust capitalization and profitability to uphold GCC banks, despite emerging risks
Markets
Egypt explores issuing bonds in Emirati dirhams and Indian rupees, minister says
Part of strategy to diversify financing options by targeting multiple markets
MENA
Jordan, Egypt ink agreement to build Coral Bridge submarine cable, first undersea cable between the 2 countries
Telecom Egypt and NaiTel collaborate on game-changing infrastructure connecting Aqaba and Taba
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