GCC

Central Bank of Oman launches 73rd issue of Government Development Bonds sized at $259.7 million

New offering has a maturity period of five years and a coupon rate of 4.60 percent per annum

Strategic agreements signed to support railway project between UAE, Oman

In October 2024, Hafeet Rail secured $1.5 billion financing for the Sohar-UAE railway project

Oman’s real estate sector grows 29.5 percent in 2024, hitting $8.6 billion

Real estate activities contributed $2.1 billion to the Sultanate’s GDP

Oman’s broad money supply grows 11 percent to $64.5 billion

Currency issued fell 5.2 percent to OMR1.5 billion by November 2024 from OMR1.58 billion

GCC foreign inflows fall under $1 billion in January 2025 amid heightened investor selectivity: Report

Saudi topped net inflows at $694 million, followed by Kuwait at $133 million, UAE $115 million

Oman’s Central Bank issues treasury bills worth $59.7 million

The value of the allotted Treasury bills amounted to $1.55 million, for a maturity period of 28 days

Qatar sees 190,000+ cruise passengers in early 2024/2025 season

Germany led with 30.2 percent of arrivals, followed by Russia at 10.8 percent and Italy at 9.2 percent.

What Trump’s sovereign wealth fund means for TikTok

Trump proposed a sovereign wealth fund to address American security and user privacy concerns

Kuwait projects $58.9 billion revenue in draft budget for 2025-26

Non-oil revenues are expected to increase by 9 percent to $9.4 billion, says finance minister

UAE-Kuwait week to boost bilateral relations amid $86.3 billion trade growth

The event will be hosted at Jumeirah Emirates Towers in Dubai on February 3 to 4

Qatar-Oman trade volume surpasses $1.8 billion in 2024, says minister

Bilateral meetings aimed to explore collaboration and investment opportunities between Qatari and Omani companies

Qatar’s Ooredoo Group to build submarine cable connecting seven GCC countries

The FIG project will provide GCC nations a secure, low-latency route connecting Europe with 720Tbps capacity