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Region
Bahrain
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Bahrain
Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations
The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration
Bahrain
Bahrain Government Treasury Bills worth $185.8 million oversubscribed by 200 percent
The issuance date for these treasury bills is set for January 15, while they are due to mature on April 16
Bahrain
Bahrain’s economy grows 2.1 percent in Q3 2024 on non-oil sector expansion
The contributions of non-oil activities to real GDP reached 86.4 percent in Q3 2024
Bahrain
Bahrain Bourse launches comprehensive trading incentive scheme to boost market activity
An initiative designed to enhance participation and liquidity among market participants
Bahrain
Exploring the impact of $6.3 billion investment: ADFD’s 33 development projects in Bahrain
Since 1974, ADFD has been crucial in advancing Bahrain's economy and social development
Bahrain
UAE celebrates Bahrain National Day, highlights decades-long historical ties
Non-oil trade between the two countries reached AED15.3 billion during the first half of 2024
Egypt
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Economy
Egypt and Iraq sign 12 MoUs to boost trade, investment
Agreements ecompass land transport for passengers and goods, promoting competition and addressing monopolistic practices
Egypt
Egypt’s imports projected at $105 billion and exports at $115.8 billion by 2030, says minister
The country plans to boost growth while reducing inflation and managing internal and external debt ratios
Banking & Finance
EFG Hermes achieves top position in MENA Equity Capital Markets for 2024 through market-leading executions
EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings
Economy
World Bank forecasts Egypt’s economic growth at 4.2 percent in FY2025/26 amid inflation relief
This GDP growth is driven by private consumption, easing inflation, strong remittances, and improved sentiment
Economy
Egypt’s current account deficit more than doubles to $5.9 billion in Q1 2024-2025
Suez Canal transit receipts fell 61.2 percent to $931.2 million in Q1
Egypt
Egypt’s non-oil merchandise exports surpass $40.8 billion in 2024
The leading markets importing from Egypt include Saudi Arabia, the UAE, Türkiye, and Italy
Kuwait
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Economy
UAE-Kuwait week to boost bilateral relations amid $86.3 billion trade growth
The event will be hosted at Jumeirah Emirates Towers in Dubai on February 3 to 4
Energy
Kuwait discovers 800 million barrels of oil, 600 billion cubic feet of gas
This follows the July 2024 Al-Nokhatha field discovery, with reserves of 3.2 billion barrels
Banking & Finance
Central Bank of Kuwait issues $660 million bond and tawarruq with 4.125 percent yield rate
Bonds fund governments by repaying principal and interest; tawarruq converts debts into tradable securities
Kuwait
Kuwait launches new international telecom portal with 100 gigabit capacity
The cable will be a trusted option for big companies and international service providers
Kuwait
6 key trends shaping Kuwait’s real estate market amid investment boom
Investment property sales grew by 49.5 percent annually in Q3 2024
Kuwait
Efforts underway to restore internet connectivity in Kuwait following cable damage
CITRA is closely monitoring the situation with the affected company to expedite repairs and restore normal service quickly
MENA
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Banking & Finance
Samer Abu-Ltaif appointed Microsoft president for Europe, Middle East and Africa
During his two-decade tenure at Microsoft, Samer Abu-Ltaif spearheaded several transformative initiatives
Banking & Finance
MENA startups raise $2.3 billion in 2024, UAE leads with $1.1 billion
The UAE led the MENA region's startup ecosystem with $1.1 billion raised across 207 startups
Logistics
GCC trade to grow 5.5 percent annually to $2.3 trillion by 2033: Report
GCC's non-hydrocarbon trade will grow by 3.5 percent annually, highlighting the region's successful economic diversification efforts
MENA
Ramadan 2025: UAE dates and traditions explained
Ramadan 2025 is expected to begin on Saturday, March 1
Banking & Finance
Middle East families to see $1 trillion transfer of generational wealth by 2030: Report
Only 24 percent of High-Net-Worth Individuals currently have a full estate plan in place
Banking & Finance
Global ESG sukuk market to surpass $50 billion in 2025
In the GCC region, the ESG debt capital market reached $46.3 billion outstanding
Oman
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Logistics
Qatar-Oman trade volume surpasses $1.8 billion in 2024, says minister
Bilateral meetings aimed to explore collaboration and investment opportunities between Qatari and Omani companies
Banking & Finance
Oman, India sign tax protocol to boost economic relations
India-Oman trade grew to $12.388 billion in 2022-2023
Oman
Davos 2025: Three new centers for Fourth Industrial Revolution announced
The upcoming centers in Muscat, Pretoria and Riyadh will tackle critical global challenges with innovative solutions
Logistics
Qatar-Oman trade grows to $1.2 billion by July 2024, says Al Malki
The two countries have witnessed significant growth in recent years, with Qatar's investments in Oman amounting to $5.2 billion
Banking & Finance
Dubai’s Mashreq expands into Oman with tailored financial corporate services to support Vision 2040
The bank aims to nurture resilient entrepreneurial talent and foster a dynamic, knowledge-driven economy
Bahrain
Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations
The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration
Qatar
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Banking & Finance
Qatar Central Bank issues treasury bills worth $466.9 million
QAR500 million for 7 days (new issue), with an interest rate of 4.610 percent; QAR250 million for a duration of 28 days
Logistics
Qatar-Oman trade volume surpasses $1.8 billion in 2024, says minister
Bilateral meetings aimed to explore collaboration and investment opportunities between Qatari and Omani companies
Qatar
Qatar’s Ooredoo Group to build submarine cable connecting seven GCC countries
The FIG project will provide GCC nations a secure, low-latency route connecting Europe with 720Tbps capacity
Economy
Qatar Financial Center reports 156 percent surge in new firms to 2,489
Surge in firm numbers brought the combined assets under management to over $33 billion
Economy
Rising real estate: Qatar’s property market poised for steady growth
The Real Estate Research Review 2024/2025 presents the outlook on the emirate’s residential, commercial and hospitality real estate
Logistics
Qatar-Oman trade grows to $1.2 billion by July 2024, says Al Malki
The two countries have witnessed significant growth in recent years, with Qatar's investments in Oman amounting to $5.2 billion
Saudi Arabia
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Real Estate
Red Sea Residences: Investors, residents can now own homes in the The Red Sea
First development under Red Sea Residences revealed to date is located on the Shura Island
Economy
Saudi Arabia’s real GDP sees 4.4 percent growth in Q4 2024, highest in two years
In 2024, Saudi Arabia’s economy rebounded, with real GDP increasing by 1.3 percent year-over-year
Miscellaneous
INTERPOL to establish MENA regional office in Saudi Arabia
The signing followed a meeting where Prince Abdulaziz and the INTERPOL president discussed mutual interests
Banking & Finance
STC Bank to launch full banking operations in Saudi Arabia: SAMA
STC Bank will provide several financial products and solutions that will contribute to elevating banking services
Industry
Saudi Arabia’s maritime transport sector achieves 6.4 percent growth, 20th global ranking in 2024
The authority emphasized the crucial role of over 2,000 certified Saudi seafarers in advancing the sector
Banking & Finance
Saudi Arabia’s PIF announces pricing of $4 billion bond offering
Offering was four times oversubscribed, with an order book of approximately $16 billion
United Arab Emirates
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Banking & Finance
Dubai Chamber of Digital Economy supports 1210 startups in 2024, trains 1333 Emiratis in app development
21 events were held this year to support startups, nurture talent, and strengthen partnerships
Economy
UAE-Kuwait week to boost bilateral relations amid $86.3 billion trade growth
The event will be hosted at Jumeirah Emirates Towers in Dubai on February 3 to 4
Miscellaneous
UAE holiday calendar for 2025: When is the next long weekend?
Eid Al Fitr will mark the next long weekend and holiday in the UAE this year
Hospitality & Tourism
Dubai DET, Dubai Basketball partner to drive city’s sports sector growth
Dubai Basketball has made history as the first team from the Middle East to compete in Europe’s ABA League
Technology
Major security flaw in DeepSeek’s AI database raises privacy concerns
How DeepSeek's open database compromised sensitive user information
Logistics
Dubai’s RTA enhances traffic efficiency with three major improvements on Sheikh Zayed Road
First enhancement will boost vehicle capacity by 30 percent, improving entry and exit flows significantly
Worldwide
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Technology
Microsoft introduces DeepSeek’s R1 to its cloud amid ongoing IP concerns with OpenAI
R1 provides advanced reasoning capabilities for enterprises to tackle challenges and deliver innovative solutions
Markets
Tesla stock rises on Musk’s promise of cheaper EVs despite earnings miss
Musk predicted Tesla will be world’s biggest company
Energy
Oil prices rise 0.4 percent to $77.21, head for weekly losses with focus on Trump tariffs and PCE data
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
Logistics
Global air traffic rises 10.4 percent as demand surges to record high in 2024
Middle Eastern airlines saw a 9.4 percent air traffic rise in 2024
Economy
Markets surge after ECB cuts interest rates for fifth time to 2.75 percent
Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory
Technology
DeepSeek under fire in Europe as Ireland and Italy investigate data handling
Both regulators united against China’s AI chatbot over data protection issues