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

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

Türkiye central bank raises year-end inflation forecast to 38 percent

Inflation rose to 69.8 percent in April, highest since late 2022

10 MENA IPOs raise $1.2 billion in Q1 2024: Report

UAE's Parkin raised the highest proceeds, contributing 37.2 percent to total proceeds of MENA IPOs

Türkiye inflation rises to 69.8 percent in April, highest since late 2022

Domestic producer price index increased annually to 55.66 percent in April

Middle Eastern airlines see 10.8 percent increase in demand in March: IATA

Region's carriers saw a 19.9 percent increase in demand for air cargo, the strongest of all regions

Abu Dhabi’s Masdar, Bapco Energies partner for wind projects in Bahrain

The joint venture aims to develop wind projects in Bahrain with a capacity of up to 2 gigawatts

Oman forges industrial economic alliances with Saudi Arabia, Japan, and U.S.

The agreements aim to promote private sector involvement in the country's economic growth

GCC oil firms need $15-25 billion in low-carbon investments by 2026: S&P report

In light of COP28, several national oil companies in the region updated their sustainability strategies

UAE, Oman forge investment agreements worth $35.12 billion to enhance cooperation in multiple sectors

Agreement worth AED117 billion to propel renewable energy and green metal megaprojects

Abu Dhabi’s ADQ, Oman Investment Authority launch $180 million technology-focused fund

Jasoor Fund propels digital transformation and technological advancement across the region

IMF projects MENA region’s GDP to grow 2.7 percent in 2024

The IMF expects growth to strengthen by 4.2 percent in 2025

Sukuk issuance continues steady growth, reaching towards $1 trillion in the GCC: Report

Saudi Arabia, UAE and Malaysia will likely stay among the most active sukuk issuers, the report says

UAE’s ADNIC acquires majority stake in Allianz Saudi Fransi, expands footprint in Gulf region

The acquisition will make ADNIC one of the Tier-1 listed insurers in Saudi Arabia

Türkiye ranks 7th globally in health tourism as sector generates $2.3 billion in 2023

Efforts are underway to enhance sector's value and competitiveness, the trade ministry says

Eid Al Fitr 2024: First day of festival in UAE, Saudi Arabia, other Arab countries

Muslims worldwide celebrate Eid Al Fitr to commemorate the conclusion of the fasting month of Ramadan

Eid Al Fitr 2024: Holiday dates in UAE, Saudi Arabia, other GCC states

The moon sighting committee was unable to sight the Shawwal crescent on Monday evening

OPEC oil output dips in March amid voluntary cuts and export challenges

Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint