Region
Bahrain
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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.
The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors
The initiative aims to streamline trade and promote border security between both countries
Bahrain climbs 12 places in Global Gender Gap Report as women’s empowerment efforts gain recognition
The country secured second place in Gulf gender equality rankings showcasing progress in women's rights
The airline canceled flights to Jordan and Iraq until June 27 as safety remains a priority
Egypt
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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
Two solar projects in Minya and Wahat will enhance Egypt's renewable energy capacity under its 2040 strategy.
Markets across the Middle East (non-GCC) came in second, with exports and re-exports totaling AED 25 billion
Initiative aligns with Egypt's strategy to enhance local crude oil and gas production.
Leaders exchanged heartfelt wishes in advance of Eid al-Adha, praying for health and happiness
Kuwait
See ArticlesTotal public spending in GCC countries is projected to reach $542.1 billion in 2025
The Saudi Tourism Authority announces direct flights starting July 15 and running through September
The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors
The agreement aims to stimulate investment and provide legal protection for investors in both nations
The decision was made during the weekly Cabinet meeting led by Prime Minister Sheikh Ahmad
Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts
MENA
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Economic policies effectively managed inflationary pressures, contributing to stability in the region
April and May were the busiest months in the first half of the year, largely due to the return of business travel after Ramadan
Event gathered experts to tackle critical discussions on ICT energy infrastructure upgrades
The influx of HNWIs is reinforcing the region’s appeal for luxury brands and underlining its long-term growth potential
Almost half of the region's creators are positive about the use of AI, up from just 29 percent last year
Jordan continues to make progress with a gradual fiscal consolidation and strengthening fiscal sustainability
Oman
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The value of the allotted Treasury bills was OMR4 million, with a maturity period of 28 days
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
The move marks a significant milestone in Addleshaw Goddard's strategic growth across the Middle East
Oman's decision marks a milestone for the region, where tax-free personal income has long been a defining feature of the social contract
The 5 percent tax will be imposed on a natural person whose total annual income exceeds OMR42,000
The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors
Qatar
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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
Qatar Airways confirms service resumption to key destinations following lifting of airspace closures
Daily service to Damascus will restart on July 6, enhancing regional connectivity for travelers.
Key municipalities driving sales included Doha, Al Rayyan, and Al Wakrah, among others
Within just 18 hours, scheduled operations had resumed, the CEO said
Saudi Arabia
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Saudi Arabia's aggregate loan-to-deposit ratio rose to 106.1 percent, the highest in recent quarters
The Fund announced 25 percent revenue increase driven by major portfolio companies
Kingdom's dynamic environment attracts significant capital from global institutional investors, who are moving away from Grade B/C warehouses
The Saudi Authority for Intellectual Property led efforts to enhance the IPR enforcement ecosystem.
The unemployment rate among Saudi citizens in the first quarter of 2025 reached 6.3 percent
The Kingdom is diversifying its economy with strategic investments in tourism, entertainment, and technology sectors
United Arab Emirates
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RTA’s master plan seeks to deliver more than 75 traffic improvement projects across key areas of Dubai in 2025
This year, the UAE has secured its place as the world’s leading destination for millionaire migration
Leaders seek stronger cooperation in economy, investment, energy, education, defense, technology and sustainability
The four locations set for development in Al Dhafra include Al Marfa, Bayah Al Sila, Madinat Zayed and Ghayathi
The obverse of the gold coin, weighing 40 grams with a diameter of 40 mm, features a depiction of the two leaders
Flights to Damascus to be resumed on July 10, 2025
Worldwide
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Rising tariffs and inflation pose significant risks to economic stability in the coming years
Proceeds will support xAI’s continued developments, including one of the world's largest data centers and its flagship Grok platform
Upcoming week includes ISM Manufacturing PMI and Nonfarm Payrolls report for June
OPEC+ plans to increase output by 411,000 barrels per day starting in August
The rapid pace of technological change is unlocking major opportunities to grow future-focused economic sectors
