Region
Bahrain
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This represents an increase from $35 billion in the previous year
The demand for treasury bills remained robust this week, indicating investor confidence in the country's fiscal health
The partnership seeks to facilitate industrial-grade private networks in mission-critical sectors
McLaren has been under financial strain since the pandemic
iGa saw 89 percent surge in transaction rates, launch of 66 new eServices
Regarding imports, the value increased by 9 percent to $1.2 billion in February 2024
Egypt
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The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
Egypt's strategic location positions it as a key partner in AI development in Africa
International reserves increase to $40.361 billion from $35.311 billion in February
SCZONE inked 14 agreements with major Chinese companies to boost investment
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
The report predicts an 18.1 percent average annual headline inflation rate
Kuwait
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During March, a total of 9,950 flights operated to and from Kuwait's airport
The initiative aligns with the corporation's vision to leverage innovation and technology for maximum profitability
Dr. Al-Otaibi highlighted Kuwait's endeavors to raise renewable energy production from 15 to 30 percent by 2030
The complex enables Kuwaiti youth's access to digital systems, labs, programs
March data reveals strengthening momentum and record-high confidence levels
CBK has specified that this issuance will remain valid for a period of three months
MENA
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The agreements aim to promote private sector involvement in the country's economic growth
In light of COP28, several national oil companies in the region updated their sustainability strategies
Agreement worth AED117 billion to propel renewable energy and green metal megaprojects
Jasoor Fund propels digital transformation and technological advancement across the region
The IMF expects growth to strengthen by 4.2 percent in 2025
Saudi Arabia, UAE and Malaysia will likely stay among the most active sukuk issuers, the report says
Oman
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TotalEnergies also announces final investment decision for Oman's Marsa LNG project
Prices of food and non-alcoholic beverages group saw a significant rise of 3.4 percent
Muscat International Airport leads Oman's airport traffic growth
Oman LNG will supply up to 0.8 million metric tons of LNG annually to JERA starting in 2025
The country recorded a surplus of $1.78 billion during the same period in 2023
The was also a 4.3 percent increase in berthed ships in 2023, reaching around 11,005 vessels
Qatar
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Qatar's Amir Sheikh Tamim bin Hamad Al-Thani visited Bangladesh lately and met with President Mohammed Shahabuddin
Total deposits see impressive 8.3 percent annual surge
A total of 268 real estate transactions were registered during that month
The CPI reached 106.67 points in March
The official reserves at the end of March 2024 increased by $3.11 billion
Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion
Saudi Arabia
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According to experts, the Kingdom is the region's fastest-growing IT market
Rubber and plastic product exports in February fueled the rise in non-oil shipments
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
Currently, Saudi Arabia has 66 movie theaters with approximately 618 screens and 63,373 seats
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
Boosting global economic reforms and enhancing regional and global competitiveness
United Arab Emirates
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These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance
Zayed International Airport alone welcomed over 6.8 million passengers during the first quarter of 2024
The MoU aims to collaborate in sectors like renewable energy, mining, infrastructure, technology, and more
The MoU signed seeks to establish Joby's air taxi services in Abu Dhabi and beyond
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
The UAE-Austria non-oil trade volume grew 18 percent YoY, hitting $1 billion in the first nine months of 2023
Worldwide
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$6 trillion in investments needed to meet the 2030 target of 11 terawatts of renewable energy capacity
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
The country achieved its most rapid economic growth in more than two years
Company reported $16.57 billion in quarterly revenue, down from $17.92 billion in Q1 of 2023
Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones
