Region

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’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 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 achieves record-breaking $1.7 billion in investments for 2023

Bahrain's investments to create 5,700+ job opportunities from 85 projects

BCFC and Mastercard partner to launch commercial credit cards in Bahrain

Commercial cards program promises enhanced efficiency and control for businesses

World Bank to provide over $6 billion in support to Egypt

Private sector growth, human capital development and climate resilience are key focus areas

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

$200 million World Bank project creates, maintains over 400,000 jobs in Egypt

Promoting entrepreneurship with focus on women-led businesses

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, UNIDO join forces for $3 million green Hurghada project

The project aims to mitigate emissions, preserve biodiversity

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 maintains strong credit ratings with AA- affirmation, stable outlook: Report

The rating reflects minimal default risk, strong ability to meet financial obligations

Kuwait to allocate $604 million for completion of Mubarak Al Kabeer Port project

Strategic investment to transform Kuwait into regional trade hub

Kuwait’s inflation reaches 3.28 percent in January 2024

The increase was driven by rising prices in clothing, food, education

Inflation in Kuwait reaches 3.37 percent in December 2023

The Consumer Price Index in Kuwait rose by 3.37 percent

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

Türkiye likely to keep interest rate unchanged amid inflationary pressures

Türkiye pledges tighter fiscal policies to reduce inflation

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

Türkiye to further tighten fiscal policy amid weakening lira

Finance minister emphasizes commitment to sound policies amid sovereign rating upgrade

Fintech accelerator programs: Paving the way for innovation and growth

Accelerating innovation, unveiling market trends and crafting business success

GCC central bank governors announce annual banking conference in Doha

Conference to showcase GCC's financial progress and global role

Real estate transactions in Oman surpass $539 million by January 2024

Oman’s real estate deals surged to $6.7 billion in 2023

Oman empowers industrial jobseekers: A collaborative agreement for skill enhancement

A comprehensive training program will be developed to refine the participants' skills

Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million

The allocation of funds is geared towards road construction and maintenance

Oman’s state revenues exceed $2.6 billion in January 2024

Government investments reaching OMR200 million drive growth

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 reveals $1.3 billion waterfront project in Muscat Downtown

The 3.3 million sq m project has been designed by Zaha Hadid Architects

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’s real estate sector records deals worth $4.59 billion in 2023

Property ownership reforms and attractive mortgage loans drive growth

Qatari banking sector assets rise to $540 billion

Total loan book grew 2.5 percent in January 2024 compared to December 2023

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

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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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

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

Saudi Arabia’s non-oil economy reaches 50 percent of real GDP

Private investment and robust exports drive record-breaking expansion

Investments in 11,670 Saudi factories reach $410 trillion by January

A total of 152 new industrial licenses were issued in January

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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UAE’s tourist tax refunds surge 14.41 percent to 4.18 million in 2023

Electronic system revolutionizes tax refunds, driving tourism growth

ADNOC signs 15-year LNG supply deal with German energy firm

Strategic deal reinforces ADNOC's role in global energy transition

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

ADGM and Abu Dhabi Chamber forge agreement to support emirate’s business and investment landscape

Advancing sustainable development and economic diversification in Abu Dhabi

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

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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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

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.

Gold sets to break three-week winning streak on inflation worries

The precious metal struggles to overcome resistance level of $2,200

Oil prices experience modest decline, set to finish week with 4 percent gain

Surprise decline in U.S. crude stockpiles supports prices