GCC

GCC states have succeeded in making economies more integrated: Saudi Arabia’s Al-Jubeir at WEF meeting

Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market

GCC oil firms need $15-25 billion in low-carbon investments by 2026: S&P report

In light of COP28, several national oil companies in the region updated their sustainability strategies

IMF projects MENA region’s GDP to grow 2.7 percent in 2024

The IMF expects growth to strengthen by 4.2 percent in 2025

Global Ventures’ Dr. Tariq Bin Hendi on key sectors shaping UAE’s economy

Sectors such as finance, property development and tourism continue to drive the UAE's non-oil economy

Kuwait International Airport witnesses over 1.06 million travelers

During March, a total of 9,950 flights operated to and from Kuwait's airport

Kuwait to modernize, enhance renewable energy efficiency for a zero-carbon future

Dr. Al-Otaibi highlighted Kuwait's endeavors to raise renewable energy production from 15 to 30 percent by 2030

Qatar’s real estate trading volume soars to $265.21 million in February

A total of 268 real estate transactions were registered during that month

Kuwait, Boeing launch technical entrepreneurship complex to empower Kuwaiti entrepreneurs

The complex enables Kuwaiti youth's access to digital systems, labs, programs

Sukuk issuance continues steady growth, reaching towards $1 trillion in the GCC: Report

Saudi Arabia, UAE and Malaysia will likely stay among the most active sukuk issuers, the report says

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025

Embracing new opportunities amid shifting global economic dynamics

Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA

Middle East travel market set to boom as tourists loosen purse strings

Indian tourists’ greater spending potential, surge in Gen X travelers set to buoy tourism

Qatar Central Bank’s foreign reserves surge 5.2 percent to $67.9 billion in March

The official reserves at the end of March 2024 increased by $3.11 billion

Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023

This represents an increase from $35 billion in the previous year

Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February

Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion

Oman to embrace IBAN system: A new era of seamless financial transactions

A significant step forward in modernising Oman’s financial infrastructure, says CBO

GCC, Türkiye to forge new path with free trade agreement negotiations

Trade between both parties rose to $31.4 billion in 2023, from $2.1 billion in 2022

GCC banks still vulnerable to climate transition risks: Report

GCC banks consider the quantification of climate transition risks as a key challenge, according to an S&P report

Qatar sees 160.6 percent growth in tourists from GCC in January

Qatar aims to receive 6 million tourists by 2030 under its national strategy

Telcos in the GCC embrace technology for revenue diversification: Report

The revenue contribution from non-telecom operations will not have immediate impact on ratings, as per the report

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth

Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent