Region
Bahrain
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Bahrain celebrates Eid al-Adha dates with community events and festive activities in 2025
Ministers explored ways to drive joint projects in sustainable mobility, autonomous driving and digital transformation
Primary market dollar issuance shows promise despite recent quietness in the GCC region
GCC countries are revamping tax policies to ensure fiscal sustainability, with new corporate taxes and international alignment
AlUla in Saudi Arabia, Kuwait City in Kuwait, and Manama in Bahrain have emerged as notable contenders
The Saudi TASI index rose by 1.8 percent at the start of trading
Egypt
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Leaders exchanged heartfelt wishes in advance of Eid al-Adha, praying for health and happiness
Up from 13.9 percent in April
Trading of Valu shares on the EGX is expected to take place during the week commencing on June 22
The debt-to-GDP ratio has declined, showing commitment to maintaining this positive financial trend
The MPC has adjusted the overnight deposit rate to 24 percent and lending rate to 25 percent
Tanmeyah’s portfolio grew by 36 percent, contributing to EFG Finance's strong performance
Kuwait
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Key sectors include oil and gas, social development, and infrastructure to support mutual goals
The deal establishes a legal framework for tax treaties to eliminate double taxation instances
Both countries agreed to enhance cooperation across multiple sectors
Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day
All state bodies will suspend operations from June 5 to June 9 for the holiday
Primary market dollar issuance shows promise despite recent quietness in the GCC region
MENA
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The UAE's growth is projected at 4.6 percent in 2025, and 4.9 percent in 2026 and 2027
Resuming SWIFT operations is expected to reduce informal trade channels in Syria’s economy
Gross merchandise volume orders are projected to grow 15 percent
Al-Shaar said the World Bank's estimate of $400 billion for rebuilding the economy is insufficient
From 2024 to 2028, all major MENA markets will see consistent growth in gaming revenues
UAE-listed banks showed the biggest absolute growth in net profits with an increase of $639.6 million or 11.8 percent
Oman
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Initiatives include projects that strengthen infrastructure and broaden visitor experiences across the Sultanate
IMF's report emphasizes monetary policy transparency and effective communication with stakeholders
The value of allotted Treasury bills reached OMR2 million for a maturity period of 91 days
Production for Phase 1 is set to begin this June, targeting an annual output of 60 tons
Electrical equipment and machinery manufacturing sector achieved a remarkable growth rate of 141 percent
Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects
Qatar
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Islamic banks accounted for 87.4 percent of total Islamic finance assets
Hosting MWC25 will help strengthen Qatar's role in digital collaboration and connect emerging technology ecosystems
UITP report highlights Qatar's public transport user experience, ranking alongside Amsterdam and Singapore.
The deal establishes a legal framework for tax treaties to eliminate double taxation instances
Market expanded by 8 percent to $131.8 billion outstanding, dominated by the sovereign at nearly 60 percent
Qatar-led projects are expected to provide over 50 percent of Syria’s electricity needs
Saudi Arabia
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Customers' increased disposable income has greatly contributed to the growth of Saudi Arabia's entertainment industry
International pilgrims can apply for Umrah permits through the Nusuk app starting June 11
Education emerges as the fastest-growing sector, driven by Saudi Arabia's Vision 2030 initiatives
Summit will highlight new approaches to investment and public-private partnerships that overcome key barriers to growth
Mining and quarrying sub-index grew by 0.2 percent while manufacturing surged by 7.4 percent
Guidelines aim to reduce heat-related injuries and enhance overall productivity in workplaces
United Arab Emirates
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Sheikh Hamdan highlighted the space sector as a vital driver of the future and sustainable economic growth
Trump announced on Wednesday that U.S. personnel were being moved out of the Middle East due to heightened security risks
Second project attracted 149 investors from 35 nationalities, pushing the waiting list to over 10,700 investors
Al Nowais underlined the importance of strengthening regional and international collaboration in the next phase
Developers can now terminate off-plan agreements more flexibly, reducing disputes and investment risks
EDGE’s deployment of FAB’s TMS delivers real-time cash visibility and advanced forecasting capabilities
Worldwide
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Trump described the May Consumer Price Index as a “great” number
A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks
Iceland led the rankings for the 16th year running, followed by Finland, Norway, the United Kingdom and New Zealand
The president explained that full magnets and any necessary rare earths will be supplied, up front, by China
Discussions included promoting peace and coexistence with regional and international partners
