Region
Bahrain
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This represents an increase from $35 billion in the previous year
The demand for treasury bills remained robust this week, indicating investor confidence in the country's fiscal health
The partnership seeks to facilitate industrial-grade private networks in mission-critical sectors
McLaren has been under financial strain since the pandemic
iGa saw 89 percent surge in transaction rates, launch of 66 new eServices
Regarding imports, the value increased by 9 percent to $1.2 billion in February 2024
Egypt
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The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
Egypt's strategic location positions it as a key partner in AI development in Africa
International reserves increase to $40.361 billion from $35.311 billion in February
SCZONE inked 14 agreements with major Chinese companies to boost investment
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
The report predicts an 18.1 percent average annual headline inflation rate
Kuwait
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During March, a total of 9,950 flights operated to and from Kuwait's airport
The initiative aligns with the corporation's vision to leverage innovation and technology for maximum profitability
Dr. Al-Otaibi highlighted Kuwait's endeavors to raise renewable energy production from 15 to 30 percent by 2030
The complex enables Kuwaiti youth's access to digital systems, labs, programs
March data reveals strengthening momentum and record-high confidence levels
CBK has specified that this issuance will remain valid for a period of three months
MENA
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In light of COP28, several national oil companies in the region updated their sustainability strategies
Agreement worth AED117 billion to propel renewable energy and green metal megaprojects
Jasoor Fund propels digital transformation and technological advancement across the region
The IMF expects growth to strengthen by 4.2 percent in 2025
Saudi Arabia, UAE and Malaysia will likely stay among the most active sukuk issuers, the report says
The acquisition will make ADNIC one of the Tier-1 listed insurers in Saudi Arabia
Oman
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TotalEnergies also announces final investment decision for Oman's Marsa LNG project
Prices of food and non-alcoholic beverages group saw a significant rise of 3.4 percent
Muscat International Airport leads Oman's airport traffic growth
Oman LNG will supply up to 0.8 million metric tons of LNG annually to JERA starting in 2025
The country recorded a surplus of $1.78 billion during the same period in 2023
The was also a 4.3 percent increase in berthed ships in 2023, reaching around 11,005 vessels
Qatar
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Qatar's Amir Sheikh Tamim bin Hamad Al-Thani visited Bangladesh lately and met with President Mohammed Shahabuddin
Total deposits see impressive 8.3 percent annual surge
A total of 268 real estate transactions were registered during that month
The CPI reached 106.67 points in March
The official reserves at the end of March 2024 increased by $3.11 billion
Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion
Saudi Arabia
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The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
Currently, Saudi Arabia has 66 movie theaters with approximately 618 screens and 63,373 seats
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
Boosting global economic reforms and enhancing regional and global competitiveness
PIF to acquire 51 percent stake in TAWAL from stc Group
The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023
United Arab Emirates
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The agreement seeks to develop security standards and on-chain monitoring solutions within ADGM's DLT Foundations framework
Last week, the UAE saw the heaviest rains in 75 years
Explore the top 10 destinations to visit from the UAE this Eid Al Adha
The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec
AD Ports Group acquires 90 percent stake in joint venture to serve the broader logistics market in Angola
In 2023, non-oil bilateral trade between the UAE and Ecuador reached $675 million
Worldwide
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Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones
The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia
The upcoming vehicles will blend features from a next-gen platform with Tesla's existing Model 3 and Model Y platform
Median house price jumps to seven-month high, rising 7.4 percent YoY in Q1
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
