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GCC
Bahrain
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
Banking & Finance
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
Banking & Finance
Oman to embrace IBAN system: A new era of seamless financial transactions
A significant step forward in modernising Oman’s financial infrastructure, says CBO
Logistics
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
Banking & Finance
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
Hospitality & Tourism
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
MENA
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
Economy
U.S. Federal Reserve likely to keep interest rates unchanged this week as inflation rises
Markets adjust expectations amid mixed economic indicators
Bahrain
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
Hospitality & Tourism
Dubai sees 21 percent jump in international tourists at 1.77 million for January 2024
Western Europe leads source markets as Dubai continues to attract global tourists
Logistics
UAE’s Jafza witnesses 28 percent year-on-year surge in new Indian companies
Over 190 new Indian businesses boost Jafza's Indian company count to 1,500+
Banking & Finance
UAE financial system more secure and efficient than ever before: Central Bank report
Report highlights sector's technological advancements and operational efficiency
Op-eds
Fostering customer-centric value with fintech
Power of fintech spurs technological progress, innovative customer-centric value propositions
Banking & Finance
Dr. Saeeda Jaffar on Visa driving change in financial inclusion and beyond
Company fosters inclusivity worldwide by supporting women entrepreneurs and business leaders
Banking & Finance
GCC central bank governors announce annual banking conference in Doha
Conference to showcase GCC's financial progress and global role
Economy
Egypt raises interest rates, allows free trading of pound to spur GCC investments
Egypt's international bonds surged after CBE’s announcement
Logistics
Trade volume between Saudi Arabia, GCC countries surpasses $14.82 billion in Q4 2023
This reflects a significant increase of $1.69 billion compared to 2022
Economy
Investor confidence high, UAE and Saudi Arabia set for gains this year: EFG Hermes official
Dependence on oil, high inflation rates and external debt are some challenges frontier and emerging markets in the MENA regions face
Logistics
GCC infrastructure firms to hold up against 2024 refinancing needs: Report
Continued growth expected in both EBITDA and capital expenditure overall
Economy
UAE, Gulf economies to outpace global growth in 2024: Report
FAB report says UAE's GDP is likely to expand by 3.7 percent in 2023 and 4 percent in 2024
Economy
Saxo Bank CEO in MENA predicts UAE’s economic growth to surpass 5.5 percent in 2024
Tech investments and financial services are driving growth in the country
Banking & Finance
UAE, Qatar banks lead in first-ever GCC Banking Sentiment Index: KPMG
Saudi banks dominated the GCC’s banking conversation
Banking & Finance
GCC banks’ strong profitability provides robust shield against potential losses from cyber incidents
No significant losses from cyber incidents for rated GCC banks
MENA
COP28 places the GCC at the center of the fight against climate change
The Middle East's pivotal role in climate solutions
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