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Economics
Bahrain
Bahrain: Multinational enterprises required to pay new 15 percent minimum tax on profits starting January 1, 2025
This new framework for MNEs is fully in line with the guidelines set by the OECD
Banking & Finance
UAE to host major global events in September: All you need to know
The DIFC will host the inaugural Dubai AI & Web3 Festival on September 11-12 at Madinat Jumeirah
Economy
QatarEnergy to double urea production to 12.4 million tons by 2030
QatarEnergy plans to build a large urea production complex to boost global food and energy security
Banking & Finance
Qatar’s real estate transactions hit $2.23 billion in H1 2024, fueled by growth and economic stability
The GCC country achieved budget surplus of $712.3 million in Q2 2024
Economy
Moody’s upgrades Oman’s outlook to positive, citing improved debt metrics and strong fiscal management
The agency also retained its (P)Ba1 rating for the Government of Oman’s senior unsecured medium-term note program
Energy
UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total
Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels
Banking & Finance
Kuwait Warba Bank’s $500 million sukuk issuance on London Stock Exchange draws $1.8 billion in 3.5x demand
These five-year sukuk support projects advancing ESG goals aligned with sustainability objectives
Banking & Finance
Qatar sees 317,000 inbound visitors in July 2024, up 10.2 percent YoY
0.4 percent monthly rise in visitor numbers for July 2024
Economy
DP World’s Jebel Ali sets new record with 1.4 million TEUs in July 2024
In H1 2024, the port handled 7.3 million TEUs, a 3.9 percent YoY increase
Economy
UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024
Since the start of 2024, ETF trading volume has reached 450.7 million units
Banking & Finance
Listed firms in GCC report $60.7 billion in net profits, 8.1 percent QoQ growth
Dubai's YoY profit growth reached 30.9 percent in Q2 2024, totaling $6.7 billion
Banking & Finance
Qatar Central Bank releases $1.23 billion in T-bills, attracts $3.58 billion in bids
The bills included QAR300 million for a 7-day term (Tap Issuance) at an interest rate of 5.7815 percent
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