GCC

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

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

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+

UAE financial system more secure and efficient than ever before: Central Bank report

Report highlights sector's technological advancements and operational efficiency

Fostering customer-centric value with fintech

Power of fintech spurs technological progress, innovative customer-centric value propositions

Dr. Saeeda Jaffar on Visa driving change in financial inclusion and beyond

Company fosters inclusivity worldwide by supporting women entrepreneurs and business leaders

GCC central bank governors announce annual banking conference in Doha

Conference to showcase GCC's financial progress and global role

Egypt raises interest rates, allows free trading of pound to spur GCC investments

Egypt's international bonds surged after CBE’s announcement

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

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

GCC infrastructure firms to hold up against 2024 refinancing needs: Report

Continued growth expected in both EBITDA and capital expenditure overall

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

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

COP28 places the GCC at the center of the fight against climate change

The Middle East's pivotal role in climate solutions