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Region
Bahrain
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Bahrain
Moody’s affirms stable outlook for Bahraini banks amid non-oil growth
Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent
Bahrain
Bahrain’s Golden License attracts $2.4 billion in investment and 3,000 jobs from nine projects
Bahrain's Golden License aims to drive business attraction and economic growth
Bahrain
Bahrain exports of national origin products reach $928.49 million in January
The total value of re-exports increased by 15 percent to reach $177.72 million
Bahrain
Bahrain’s $92.89 million T-Bills issuance oversubscribed by 226 percent
These bills hold a maturity period of 182 days
Bahrain
Bahrain achieves record-breaking $1.7 billion in investments for 2023
Bahrain's investments to create 5,700+ job opportunities from 85 projects
Bahrain
BCFC and Mastercard partner to launch commercial credit cards in Bahrain
Commercial cards program promises enhanced efficiency and control for businesses
Egypt
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Economy
World Bank to provide over $6 billion in support to Egypt
Private sector growth, human capital development and climate resilience are key focus areas
Economy
EU commits $8 billion aid package to Egypt for migration management, trade expansion
Under the aid package, Egypt will receive a combination of grants and loans over the next three years
Economy
$200 million World Bank project creates, maintains over 400,000 jobs in Egypt
Promoting entrepreneurship with focus on women-led businesses
Egypt
Egypt aims for $1.75 billion investments in communications & IT sector by 2023/2024
Private investments are estimated to reach approximately 63 percent of the total
Egypt
Egypt, UNIDO join forces for $3 million green Hurghada project
The project aims to mitigate emissions, preserve biodiversity
Egypt
Egypt’s trade deficit climbs 17.8 percent to cross $3 billion
Imports were recorded at $6.51 billion while exports stood at $3.48 billion
Kuwait
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Economy
Kuwait maintains strong credit ratings with AA- affirmation, stable outlook: Report
The rating reflects minimal default risk, strong ability to meet financial obligations
Kuwait
Kuwait to allocate $604 million for completion of Mubarak Al Kabeer Port project
Strategic investment to transform Kuwait into regional trade hub
Economy
Kuwait’s inflation reaches 3.28 percent in January 2024
The increase was driven by rising prices in clothing, food, education
Economy
Inflation in Kuwait reaches 3.37 percent in December 2023
The Consumer Price Index in Kuwait rose by 3.37 percent
Economy
Will the new Emir of Kuwait Sheikh Mishal launch his reign with a wave of reforms?
IMF expects 0.1 percent GDP growth rate this year
Economy
Kuwait: Local agent requirement lifted for foreign companies, public tenders law revamped
With overwhelming support of 57 votes in favor and only one vote against
MENA
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Economy
Türkiye likely to keep interest rate unchanged amid inflationary pressures
Türkiye pledges tighter fiscal policies to reduce inflation
Banking & Finance
Visa Impact series: Empowering small businesses with financial tech
A recipient of Visa’s She’s Next program, Mariem Faghraoui is helping promote economic growth for local artisans in Morocco through her online marketplace Neolli
Markets
Arab stock exchanges see market capitalization surge to $4.54 trillion in February
Tadawul and ADX stand out as largest regional markets
Economy
Türkiye to further tighten fiscal policy amid weakening lira
Finance minister emphasizes commitment to sound policies amid sovereign rating upgrade
Banking & Finance
Fintech accelerator programs: Paving the way for innovation and growth
Accelerating innovation, unveiling market trends and crafting business success
Banking & Finance
GCC central bank governors announce annual banking conference in Doha
Conference to showcase GCC's financial progress and global role
Oman
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Oman
Real estate transactions in Oman surpass $539 million by January 2024
Oman’s real estate deals surged to $6.7 billion in 2023
Industry
Oman empowers industrial jobseekers: A collaborative agreement for skill enhancement
A comprehensive training program will be developed to refine the participants' skills
Logistics
Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million
The allocation of funds is geared towards road construction and maintenance
Economy
Oman’s state revenues exceed $2.6 billion in January 2024
Government investments reaching OMR200 million drive growth
Hospitality & Tourism
Oman sees 21.6 percent rise in airport passenger traffic in January 2024
Ambitious targets of 11 million tourists annually set in line with Oman Vision 2040
Oman
Oman reveals $1.3 billion waterfront project in Muscat Downtown
The 3.3 million sq m project has been designed by Zaha Hadid Architects
Qatar
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Economy
Qatar’s Consumer Price Index drops by 0.34 percent in February 2024
CPI rose YoY by 2.70 percent compared to February 2023
Qatar
Qatar’s growing real estate market: $381.78 million traded through 350 transactions in February 2024
Doha, Al Rayyan, and Al Dhaayen led in terms of financial value
Qatar
Qatar’s real estate sector records deals worth $4.59 billion in 2023
Property ownership reforms and attractive mortgage loans drive growth
Banking & Finance
Qatari banking sector assets rise to $540 billion
Total loan book grew 2.5 percent in January 2024 compared to December 2023
Qatar
Qatar Airways introduces Sama 2.0, world’s first AI cabin crew
While initially fluent in English, Sama 2.0 will expand her linguistic capabilities to include Arabic and other languages
Economy
Qatar’s non-energy business sector grows faster in February
PMI reveals sharper gains in output and employment in Qatar's non-energy sector
Saudi Arabia
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Banking & Finance
Saudi Arabia’s banks experience boost in profits with 3.1 percent increase in net interest margin
The operating income grew by 9.5 percent
Hospitality & Tourism
Saudi Arabia’s tourism sector attracts $13 billion in investments, eyes $85 billion in revenue
Kingdom positions itself as a premier travel destination with ambitious growth plans
Economy
Economic and social reforms bolster Saudi Arabia’s stable credit ratings: Report
The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says
Economy
Saudi Arabia’s non-oil economy reaches 50 percent of real GDP
Private investment and robust exports drive record-breaking expansion
Industry
Investments in 11,670 Saudi factories reach $410 trillion by January
A total of 152 new industrial licenses were issued in January
Economy
Housing costs propel Saudi Arabia’s inflation to 1.8 percent in February
Subcategory prices for housing, water, electricity, gas, and fuels rose 8.5 percent YoY
United Arab Emirates
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Hospitality & Tourism
UAE’s tourist tax refunds surge 14.41 percent to 4.18 million in 2023
Electronic system revolutionizes tax refunds, driving tourism growth
Energy
ADNOC signs 15-year LNG supply deal with German energy firm
Strategic deal reinforces ADNOC's role in global energy transition
Sustainability
Dubai energy council seeks ways to boost energy and water efficiency
Council seeks to support private companies in building and installing charging stations across Dubai
Economy
ADGM and Abu Dhabi Chamber forge agreement to support emirate’s business and investment landscape
Advancing sustainable development and economic diversification in Abu Dhabi
Banking & Finance
UAE Central Bank’s effective strategies to fuel banking sector’s continued growth in 2024
The CBUAE has demonstrated its commitment to promoting economic and financial stability within the country
Economy
Sheikh Hamdan launches Dubai government’s new logo
The executive council also allocates AED40 billion for ‘Dubai Portfolio for Public-Private Partnership’
Worldwide
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Economy
U.S. Federal Reserve likely to keep interest rates unchanged this week as inflation rises
Markets adjust expectations amid mixed economic indicators
Markets
Oil prices extend gains ahead of anticipated Fed meeting, rising supply risks
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
Markets
UAE gold price drops as traders turn cautious ahead of Fed meeting
Prices sank below $2,150
Economy
Global GDP to grow at 2.4 percent in 2024: Report
The improved projection is driven by the 2.1 percent growth surge anticipated in the U.S.
Markets
Gold sets to break three-week winning streak on inflation worries
The precious metal struggles to overcome resistance level of $2,200
Markets
Oil prices experience modest decline, set to finish week with 4 percent gain
Surprise decline in U.S. crude stockpiles supports prices