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Economy
GCC inflation rate increases 1.5 percent in September on rising housing prices
Among GCC countries, Kuwait recorded the highest annual inflation rate in September at 2.8 percent
United Arab Emirates
Abu Dhabi establishes registration authority to strengthen business sector, introduce new licenses
The entity will develop a unified database for economic establishments in the emirate and its non-financial free zones
Energy
Oil prices decline to $76.22 as economic data overshadows supply concerns
U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42
Economy
How economic growth, rise of AI fuel dynamic labor market in UAE
The country sets a global standard in protecting workers' rights and providing a secure and stable work environment
Hospitality & Tourism
Dubai awards $108.9 million contracts for second phase of Al Mamzar Beach Development Project
This phase focuses on improving the Al Mamzar Corniche beachfront, and is expected to finish by end of 2025
Banking & Finance
Saudi Arabia endorses 2025 annual borrowing plan with $37 billion funding target
This plan outlines key public debt developments for 2024, local market enhancements, and the 2025 funding strategy
Energy
Oil prices reach two month high with Brent at $76.63 and WTI at $73.36
Amid demand optimism and dollar strength
Miscellaneous
Abu Dhabi issues 99 licenses to empower non-profit organizations, support emirate’s social sector
This raises the total to 99 licenses by end of 2024
Banking & Finance
Oman forecasts $29 billion public revenue for 2025, 1.5 percent increase from 2024
Projections were informed by critical factors and data, based on an average oil barrel price of $60
Economy
Egypt’s economy to grow between 3.5 percent and 4.5 percent in 2025: Report
The IMF expects Egypt's economic growth to increase during 2025-2029 to around 5 percent
Bahrain
Bahrain Bourse launches comprehensive trading incentive scheme to boost market activity
An initiative designed to enhance participation and liquidity among market participants
Industry
Saudi Arabia trade balance surplus grows 30 percent to $5.5 billion in October 2024
This represents an increase of over $1.06 billion compared to September
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