Region
Bahrain
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Discussions will emphasize joint efforts in key sectors, including economic, investment, and developmental fields
Emirati industrial enterprises will be eligible to benefit from Bahrain's Takamul Program by receiving a 10 percent preference
Non-oil trade between the two countries exceeded $7.5 billion in 2023
Carrier currently operates 31 weekly flights between Dubai and Bahrain and continues to see strong demand on the route
Emirates is the world’s largest Airbus A380 operator and is currently undertaking the industry's largest known in-house $4 billion retrofit program
Oracle will offer technical training and certification to Bahrainis to strengthen the kingdom’s ICT talent pool
Egypt
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With the addition of its summer operations to Al Alamein, flydubai grows its network in Egypt to three destinations including Alexandria and Cairo
Egypt's annual headline inflation remained broadly stable for the third consecutive month, at 26.5 percent in October 2024
flynas connects Egypt to Saudi Arabia with more than 120 weekly direct flights from five Saudi cities
Yesterday, Sheikh Khaled also engaged in official discussions with Brazilian President Luiz Inácio Lula da Silva
Annual nationwide headline inflation increased to 26.3 percent in October 2024, up from 26 percent in September 2024
After having created the leading K-12 operator in Egypt, EFG Hermes aims to replicate its success story in the Saudi market
Kuwait
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Consolidated assets increased 4.34 percent from $372.05 million in 2023 to $388.21 million in the nine months ended September 30
The future of banking will be defined not by head-to-head competition with fintech companies, but by cooperation
The discussions highlighted the significant advancements in cooperation, bolstered by the leadership of both nations
The payment service provider will use Mastercard Gateway for quick, seamless, and secure transactions in the region
Efforts are underway to organize the joint trade committee between the two countries as soon as possible
These issuances have a maturity period of three months, with a yield of 4.375 percent
MENA
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The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)
Over the next ten years, the Jeddah Food Cluster is expected to contribute SAR8 billion to national exports and add SAR7 billion to the nation's GDP
The initiative supports Dubai's vision to empower Emirati talent and strengthen the digital economy.
This initiative aligns with RTA’s strategy to enhance Dubai’s road network and update street lighting systems citywide
The Kingdom ranked 20th globally in the Quality Infrastructure for Sustainable Development Index (QI4SD) 2024
This growth stems from the diverse events and entertainment options that have sparked significant interest
Oman
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The projects span 10 key sectors, including technology, manufacturing, tourism, renewable energy and electric vehicles
Non-oil trade between the two countries reached AED51 billion last year, up from AED48.7 billion in 2022
The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences
This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy
Oman's central bank is offering the 72nd government development bonds to all investors, residents and non-residents irrespective of their nationality
Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)
Qatar
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Discussions also explored ways to enhance mutual interests and reinforce security and stability in the region
Block lies about 10 kilometers offshore the Egyptian Mediterranean shore at water depths ranging between 100 meters and 3,000 meters
Central bank's gold holdings rose by around QAR12.563 billion at the end of October, bringing the total to QAR35.736 billion
Qatar Tourism expects this year's cruise season to see over 430,000 passengers between November 2024 and April 2025
This indicates a 26 percent rise in international visitors compared to the same timeframe in 2023
October data signaled continued investment in staff to boost capacity and retain skilled and experienced staff
Saudi Arabia
See ArticlesThe approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)
Over the next ten years, the Jeddah Food Cluster is expected to contribute SAR8 billion to national exports and add SAR7 billion to the nation's GDP
The Kingdom ranked 20th globally in the Quality Infrastructure for Sustainable Development Index (QI4SD) 2024
This growth stems from the diverse events and entertainment options that have sparked significant interest
The sector reported several record highs in the last five years, including attracting over SAR1 billion in total revenues and over 75 million event attendees
This influx has driven rental prices up by 19 percent year-on-year
United Arab Emirates
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The company features amongst top 4 percent of global entities striving for excellence in ESG performance
Meeting focuses on strengthening defence cooperation among the armed forces of GCC states
Discussions will emphasize joint efforts in key sectors, including economic, investment, and developmental fields
The agenda for ADFW 2024 includes over 60 main and side events and more than 350 thematic sessions
The initiative supports Dubai's vision to empower Emirati talent and strengthen the digital economy.
The UAE's real estate sector is expanding, with residential sales up by 60 percent and mortgage applications increasing
Worldwide
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The move raises its total funding commitment to $8 billion
Outflows sharply contrast with last week's $3.3 billion in Bitcoin ETF inflows, where IBIT captured over 60 percent
Brent oil futures set to expire in January dropped by 0.3 percent to $72.80 per barrel
By enhancing trade logistics, overcoming language barriers, and minimizing search and match costs, AI can make trade more efficient
The Baku Finance Goal is the centerpiece of a package of agreements that deliver progress across all climate pillars
