Region

Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

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’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 Bourse launches comprehensive trading incentive scheme to boost market activity

An initiative designed to enhance participation and liquidity among market participants

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 

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 and Iraq sign 12 MoUs to boost trade, investment

Agreements ecompass land transport for passengers and goods, promoting competition and addressing monopolistic practices

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

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

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

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’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

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

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

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 launches new international telecom portal with 100 gigabit capacity

The cable will be a trusted option for big companies and international service providers 

6 key trends shaping Kuwait’s real estate market amid investment boom

Investment property sales grew by 49.5 percent annually in Q3 2024

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

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

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

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

Ramadan 2025: UAE dates and traditions explained

Ramadan 2025 is expected to begin on Saturday, March 1

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

Global ESG sukuk market to surpass $50 billion in 2025

In the GCC region, the ESG debt capital market reached $46.3 billion outstanding

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

Oman, India sign tax protocol to boost economic relations

India-Oman trade grew to $12.388 billion in 2022-2023

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

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

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, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

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

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’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

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

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

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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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

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

INTERPOL to establish MENA regional office in Saudi Arabia

The signing followed a meeting where Prince Abdulaziz and the INTERPOL president discussed mutual interests

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

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

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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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

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

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

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

Major security flaw in DeepSeek’s AI database raises privacy concerns

How DeepSeek's open database compromised sensitive user information

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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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

Tesla stock rises on Musk’s promise of cheaper EVs despite earnings miss

Musk predicted Tesla will be world’s biggest company

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

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

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

DeepSeek under fire in Europe as Ireland and Italy investigate data handling

Both regulators united against China’s AI chatbot over data protection issues