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SOIs could collectively reach $60 trillion in 2025 as GCC nations progress toward their economic visions
The country recorded 10 million hotel nights for the first time
Projections were informed by critical factors and data, based on an average oil barrel price of $60
An initiative designed to enhance participation and liquidity among market participants
The average acceptable return was set at 4.75 percent, with a maximum acceptable return of 4.85 percent and a minimum of 4.6 percent
CBK said that the issuance period is three months with a return rate of 4.125 percent
This reflects a modest decline of 2.5 percent from QAR2.62 billion ($718 million) in Q2 2024
These contracts are integral to the ongoing initiatives to boost the country's electrical infrastructure and ensure its long-term viability
A 25 percent increase in international arrivals compared to 2023
The two sides highlighted trade's crucial role in connecting their countries and its potential for further growth and diversification
The region's non-oil sector is expected to grow 4.5 percent in 2024, 7.8 percent in 2025 and 8.6 percent in 2026
Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025
Since 1974, ADFD has been crucial in advancing Bahrain's economy and social development
In the UAE, a global creative hub, Dubai Media City is home to a talent pool of over 40,500 creative professionals
There were 324 real estate deals recorded in the month
$533 million Trump Tower Jeddah in Saudi Arabia marks milestone GCC expansion for The Trump Organization
New study urges healthcare to adopt sustainability to reduce emissions, energy use, and waste
GVA of non-mining sector activities reached $33.23 billion during this period
The bank specified that this issuance has a maturity period of three months and an interest rate of 4.125 percent
Ministry of Finance launched the green bonds with the aim of financing environmentally friendly projects
Despite the group's efforts in limiting supply, Brent crude has mostly stayed in a $70-$80 per barrel range this year
AI expected to generate $8.5 billion for GCC media and entertainment by 2030
Increases in jobs and wages remain among fastest on record
UAE's economy is set to grow from 3.7 percent in 2024 to 4.5 percent in 2025
