Region
Bahrain
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The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region
The unified regulatory model streamlines compliance and enhances oversight for licensed institutions
The dialogue focused on enduring cooperation, exploring ways to strengthen relationships for mutual progress
Saudi Arabia led June inflows with $971 million, followed by the UAE, Kuwait, and Qatar
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
Shaikh Salman bin Khalifa emphasized the enduring strength of relations between Bahrain and the U.K.
Egypt
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Egypt's imports rose by 4.4 percent in April to $7.53 billion compared to $7.21 billion in April 2024
Minister Karim Badawi oversaw drilling operations at Begonia-2 in the New Mansoura concession area
This transaction marks Egypt’s largest private equity healthcare investment to date
Talks aimed at strengthening bilateral relations align with directives from leaders of both nations
EFG Holding distributed 20.488 percent of Valu’s capital, enabling direct shareholder participation in growth
Real GDP growth is projected to rise from 2.4 percent in FY2023/24 to 3.8 percent in FY2024/25, then to 4.2 percent and 4.6 percent in FY2025/26 and FY2026/27, respectively, according to World Bank projections
Kuwait
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Deals aim to promote an environment of transparency and security in financial systems
The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region
Saudi Arabia led June inflows with $971 million, followed by the UAE, Kuwait, and Qatar
The S&P Global PMI fell to 53.1, indicating solid improvement in Kuwait's non-oil sector
Multinational entities must register by September 30 to comply with the new tax regulations
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
MENA
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The UAE emerged as the top target nation, with deals totaling $39.8 billion in value
Ultra-slim case boasts a high-capacity 1600mAh battery, roughly 300 percent larger than most competing wireless buds
Deals aim to promote an environment of transparency and security in financial systems
Global sukuk issuance plummeted nearly 15 percent during this period
The IMF's financial aid aimed to restore stability while ensuring compliance with reform terms in Lebanon
"The easing of sanctions provides some upside potential; however, progress remains limited," states the World Bank
Oman
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Fund aims to accelerate investment in energy transition and advanced manufacturing in the country
The growth is driven by a robust performance in non-oil sectors
The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region
Saudi Arabia led June inflows with $971 million, followed by the UAE, Kuwait, and Qatar
Travelers can now access over 900 destinations worldwide through Oman Air's new partnership
Talks aimed at strengthening bilateral relations align with directives from leaders of both nations
Qatar
See ArticlesThe report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region
Saudi Arabia led June inflows with $971 million, followed by the UAE, Kuwait, and Qatar
Initiative was launched to support business growth and national economic policies
Apartment capital values reached QAR10,420 per sq m, remained relatively stable for 12 months
Qatar Central Bank launches $1.4 billion in government bonds, sukuk with bank bids over $2.9 billion
Qatar's first green bond issuance launched in May, enhancing sustainability financing in the region
Non-hydrocarbon economy contributed 63.6 percent to GDP, showcasing strong diversification efforts
Saudi Arabia
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The law permits non-Saudis to own property in designated zones, notably in Riyadh and Jeddah.
Global sukuk issuance plummeted nearly 15 percent during this period
The Kingdom is classified as Tier 1 – “Role-modelling” in the Global Cybersecurity Index 2024 by ITU
Vision 2030 drives $215.4 billion in construction contracts across the Kingdom
The Middle East can leverage renewable energy and AI for sustainable economic expansion
The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region
United Arab Emirates
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Bilateral non-oil trade between the two nations increased 43 percent year-on-year to reach $2.4 billion in 2024
Parkin will manage selected free public parking facilities owned by Dubai Municipality, expanding its network
The expansion improves traffic flow and reduces waiting times by up to 30 percent
The euro tranche was oversubscribed 15 times, reflecting strong investor interest across regions
Affordable apartments in International City, DIP, and Discovery Gardens yielded between 9 percent and 11 percent
UAE launches initiative raising maximum loan coverage age to 95 for senior citizens’ housing support
This initiative aims to provide comprehensive insurance coverage for housing loan beneficiaries.
Worldwide
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Only a couple of Fed policymakers supported the idea of cutting interest rates as early as this month
Chipmaker’s stock climbed as much as 2.5 percent to a record high of $164
The surging gold price and notable inflows pushed global gold ETFs’ total AUM 41 percent higher to $383 billion
The dollar's value dropped over 10 percent, marking its worst start since 1973
12 countries and around 790 million people around the world experienced record heat last month