GCC

Kuwait’s real estate market reports $300.86 million in transactions, 14 percent rise week-over-week

The surge is equivalent to an additional KWD13 million compared to the previous week's trading value of KWD79 million 

Oman bans plastic bag imports, new regulation effective this date

The prohibition covers both biodegradable and non-biodegradable plastics

Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth

The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion

Kuwait’s inflation slows to 2.8 percent in June, lowest since 2020, as food and rent costs cool

Price rises in the food & beverages sub-component eased to a still-elevated 5.6 percent down from 6.1 percent in May

Indian travelers may soon make UPI payments in Qatar

New partnership will let Indian tourists use their preferred payment methods at retail, attractions, leisure, duty-free, and hotels

Oman’s GDP expands 1.7 percent in Q1 2024, reaching $24.77 billion

Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion

Oman Central Bank issues T-bills worth over $80.93 million

The value of the 28-day maturity treasury bills allocated was $38.97 million

Global sukuk issuances rise to $91.9 billion in H1 2024, says S&P

The total volume of sustainable sukuk issuances reached $5.2 billion during H1 of 2024

Top 5 GCC IPOs by proceeds during H1 of 2024

GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024

GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report

The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds

Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels

This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

Expat remittances from Saudi Arabia surge 12 percent to $3.35 billion in May

Remittances sent abroad by the Kingdom's nationals also rose by 6 percent during this period, totaling $1.64 billion

GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report

The GCC region already boasts some of the world's most modern airports

Qatar real estate sector sees 285 deals worth $304.1 million in June 2024

A recent report projected the country's real estate sector to reach QAR155.7 billion by 2028

UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals

MENA startups raised $116 million in June 2024, bringing H1 total to $882 million

Kuwait projects $61.7 billion budget revenues over next four years

Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister

Qatar’s non-oil private sector hits fastest growth in a year and a half, PMI reaches 55.9 in June

Companies continued to expand employment and the 12-month outlook remained strong

Oman climbs five spots in 2024 Competitive Industrial Performance Index

Oman's tech investments, automation, and supply chain consolidation have driven economic improvement

Want an exquisite getaway for summer? Here are 5 luxurious ultra-private escapes

Private oases located in stunning European and Maldivian destinations

Diving into Seychelles’ tourism progress: A paradise with a purpose

Discover the country’s sustainability and conservation efforts

Bahrain’s national non-oil exports reach $838.3 million in May

Saudi Arabia ranked first among export destinations, with BD64 million (20 percent) in national origin exports