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Miscellaneous
Saudi Arabia to prohibit working under the sun from 12pm to 3 pm starting June 15
The ban applies to private sector establishments and aims to protect workers from heat risks during the hottest hours
Banking & Finance
Saudi finance companies sector reports 13 percent growth in total assets, reaching $17.1 billion in 2023
The paid-up share capital for the finance companies sector increased by 6 percent to reach $4.13 billion
Miscellaneous
UAE launches Phase 2 of ’Work Bundle’, simplifies work with digital platform, cutting 25 million steps, 2 million visits, 62 million working days
The platform reduces procedures from 20-30 days to 5 days
Qatar
Qatar’s real estate trading volume reaches $346.41 million in May 2024
Data revealed that 322 real estate transactions were recorded during the month
Economy
UAE’s ADGM, Bermuda Monetary Authority sign MoU to boost collaboration on digital asset regulation and supervision
The framework also encompasses investigative assistance, and capacity enhancement initiatives
Banking & Finance
Sharjah rises to 4th in GCC region, 7th in MENA in 2024 Global Startup Ecosystem Rankings
Sharjah also featured in the Top 15 rankings for both the Knowledge and Performance categories
Banking & Finance
How the UAE is upholding financing with robust laws
UAE Central Bank Law and Commercial Transactions Law are key legislative instruments
Logistics
How China’s economic rise is strengthening the logistics transformation of the Middle East
Saudi Arabia and UAE are the Asian giant’s valuable trading partners
Markets
Abu Dhabi’s Alef Education’s ADX IPO draws $20 billion in orders, 39x oversubscription
Market cap on listing seen at $2.57 billion
Economy
UAE’s non-oil private sector resilient in May, PMI holds steady at 55.4: Report
Firms in the UAE experienced a record increase in outstanding business levels in May, the report highlighted
Energy
OPEC oil output rises in May, reaching 26.63 million barrels per day
This represents an increase of 145,000 bpd from April
Logistics
Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion
Oman's trade balance rose 35 percent to $6.75 billion in the same quarter
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