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Region
Bahrain
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Bahrain
Bahrain’s Khalifa Bin Salman Port goes green with $10 mn solar power project
Project expected to reduce carbon emissions by 65%
Bahrain
Bahrain B+/B ratings affirmed, outlook remains positive
The transfer and convertibility assessment also remains 'BB-'
Bahrain
Bahrain’s money supply up 7.91% in March
Assets amounted to $225.2 bn in Feb
Bahrain
Bahrain’s economic growth spurs positive momentum in real estate sector
Transactions increased by 17% YoY in Q1
Bahrain
Bahrain’s Q1 business confidence remains robust
Country’s diversified economy gains momentum
Bahrain
Bahrain’s Investcorp seeks to score big with Inter Milan
If Investcorp acquires Inter Milan, it will expand its sports portfolio significantly
Egypt
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Egypt
Telecom Egypt reports EGP3.81 bn in Q1 net profits
Up year-on-year from EGP1.36 bn in 2022
Egypt
Egypt’s grain silos receive $66 mn in EU, French funding
Storage capacity to increase by 420,000 tons
Banking & Finance
The Central Bank of Egypt keeps interest rates unchanged
Fixing interest rates came in line with analyst expectations
Egypt
Egypt takes significant step towards promoting renewable energy
Joining forces with a Norwegian company to export renewable energy to Europe
Egypt
Egypt faced with potential $1.4 bn loss in trade exchange
Country has nearly 229 projects in progress in Sudan
Egypt
Egypt sells 9.5% of Telecom Egypt for $121 mn
Government sells 162 million shares, offers stake to employees
Kuwait
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Banking & Finance
Kuwait issues final Central Bank bonds, tawarruq worth $660mn
With 4.25% return rate
Real Estate
Kuwait the latest GCC country to provide humanitarian aid to Ukraine
Kuwait pledged $1 mn for the purchase and installation of electric generators
Kuwait
Digital shopping takes hold in Kuwait with e-commerce surge
Amid mobile adoption
Kuwait
AI takes over: Kuwait’s Fidda paves way for virtual broadcasting
A new era of journalism
Real Estate
Kuwait seeks new architectural heights with $1.2 bn tower
A new landmark in the sky
Kuwait
Kuwait seeks recognition as developed capital market
Authority implemented automated system to report electronic trading accounts
MENA
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MENA
ChatGPT’s H2O footprint raises alarm in water-scarce MENA region
AI language models like ChatGPT contribute to MENA's water scarcity
Real Estate
ALEC targets further regional construction growth in 2023
Technology remains priority for success
Real Estate
Updates to GCC real estate laws to spur market efficiency
Legal support to drive regional improvements
Real Estate
Saeed Al Abbar on the inflection point for project sustainability
AESG CEO on the new skillsets needed to tackle future demands
Real Estate
GCC real estate growth to pick up pace in 2023
Saudi Arabia and UAE to lead growth
MENA
The MENA region is on the cusp of a digital payments revolution
And it’s fueled by Gen Z
Oman
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Economy
Moody’s upgrades Oman to Ba2 with positive outlook
Due to decline in public debt burden and ability to meet financial obligations
Real Estate
Oman’s real estate market booms: Transactions worth OMR730.1 mn
Mortgage contracts surged by 52.3% to OMR433.3 mn
Economy
Oman’s GDP growth fueled by soaring oil activities
Oman's GDP increased 4.3% to OMR36.10 bn
Oman
New floating and mobile desalination plants in Oman
Supporting commercial, tourism, and fisheries activities in marine villages
Banking & Finance
Oman shaking things up financially, on the ground, in the skies
Oman Air revamping fleet with Boeing 737 MAXs
Economy
Fitch revises Oman’s rating to positive
Government debt to GDP fell to 40 percent in 2022
Qatar
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Banking & Finance
Qatar’s $275 mn market-making initiative eyes more foreign investors
New fund aims to enhance liquidity, boost investor confidence
Banking & Finance
Qatar Development Bank, Microsoft joins forces to support startups
Founders hub, other Microsoft learning tools for Qatar's entrepreneurs
Real Estate
Qatar’s real estate trading volume registered QAR947 mn in April
Mortgage transactions exceeded QAR 2.2 bn
Hospitality & Tourism
Qatar Airways’ A350 makes long-awaited comeback
After a contentious legal dispute with Airbus over the safety of the A350 jetliner
Economy
S&P: Qatar’s GDP to slow in 2023, back to growth path in 2025
Driven by hydrocarbon production increases due to the NFE project
Real Estate
Qatar’s Ashghal initiates 22 new projects worth QR4.1bn
6 projects awarded worth QR1.1 bn
Saudi Arabia
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Banking & Finance
Saudi Central Bank action required to fulfill Vision 2030: S&P
Rapid growth driven by mortgages and government deposits
Hospitality & Tourism
flynas facilitates pilgrimage for 100,000+ from 13 countries
During 1444 AH Hajj season
Economy
Saudi’s special economic zones: A global investor magnet
Kingdom launches first special economic zone for cloud computing investment
Banking & Finance
BRICS bank reportedly eying Saudi for membership
Saudi's membership would provide the bank with additional funding options
Banking & Finance
Saudi’s net foreign assets drop for 5th consecutive month: SAMA
Despite second budget surplus projection
Markets
Saudi pharmaceutical company announces final price for IPO
IPO could raise as much as SAR 1.26 bn
United Arab Emirates
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Technology
UAE’s Hub71, WEMIX empowering MENA blockchain startups
Partnership offers dedicated support for MENA GameFi and DeFi startups
Health
Dubai leads the way with medicine delivery via drones
As part of Sheikh Hamdan bin Mohammed's vision for modern healthcare
Logistics
ECI driving sustainable growth, supporting COP28 goals
Company held meeting to discuss the future of export credit insurance
Economy
OPEC+ agreement to impact Abu Dhabi’s GDP growth forecast: S&P
Real GDP growth in Abu Dhabi accelerated to 9.3% in 2022
Hospitality & Tourism
Hassle-free ID, passport renewal: UAE introduces new service
Nine criteria to meet
Markets
Dubai Financial Market launches futures contract on the General Index
Provides investors with unique investment and hedging opportunities
Worldwide
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Technology
Amidst AI spree, NVIDIA is first trillion-dollar chipmaker
Experts including Chat GPT creator warn that AI is danger to humanity
Hospitality & Tourism
COMAC C919: China’s answer to Boeing and Airbus?
Aircraft concluded its first commercial flight
Economy
Biden-McCarthy debt raising deal faces first House test today
Bipartisan support is needed to win congressional approval
Technology
Governments worldwide to spend $589.8 bn on IT in 2023
Rising 8%
Health
Will China experience a new extreme wave of Covid cases?
Surge may reach 65 million cases per week
Banking & Finance
WeWork’s financial challenges deepen with top exec departures
Company’s CFO to resign on June 1