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GCC
MENA
Tech boom: MENA emerges as global digital economy hub
Digital economy in region projected to increase from $180 bn in 2022 to $780 bn by 2030
Technology
Cisco to launch state-of-the-art cloud data center in the UAE
Center to enhance cybersecurity, connection performance for businesses of all sizes
Economy
Qatar’s economic growth normalizing: IMF report highlights resilience, favorable outlook
Expansion in LNG production and reforms to drive average growth of 5.5 percent
Banking & Finance
GCC banks to prove resilient in 2024 amid geo-economic challenges: S&P Global
Robust capitalization and profitability to uphold GCC banks, despite emerging risks
Miscellaneous
Abu Dhabi claims top spot as world’s safest city in 2024
Safest city since 2017, and still going strong
Economy
Qatar’s credit rating upgraded to Aa2 by Moody’s on strong LNG demand, fiscal improvement
First upgrade since 2007
Markets
UAE leads GCC with IPO proceeds of $6.07 bn in 2023
GCC countries witnessed 46 issuances with total proceeds worth $10.79 billion
Markets
Oil prices rise as OPEC forecasts strong global demand and weather disrupts U.S. production
OPEC maintains 2.25 mn bpd demand growth forecast
MENA
Opportunities in the GCC’s food and beverage market
Industry could hit $135.5 billion in 2024
Economy
Bank Muscat’s $390 million investment fund gets central bank nod
Investment portfolio includes several banks listed in GCC markets
Markets
S&P Global: 2024 global sukuk issuance to remain steady
S&P Global expects issuances to reach between $160-170 billion in 2024
Economy
GCC countries projected to reach 3.6 percent and 3.8 percent growth in 2024 and 2025: WBG
Global economic growth to record 2.4 percent growth in 2024
Technology
Generative AI market projected to reach $1 trillion by 2031
UAE and Saudi Arabia are emerging as key global players
Economy
Oman forecasts $1.7 billion 2024 budget deficit amid oil challenges
Budget gap prompts focus on economic diversification
Economy
UAE economy emerges as the most competitive as per Arab Monetary Fund
Continuous advancements key behind nation’s exceptional performance
Industry
Electricity and water sectors drive growth in Qatar’s industrial production index
Index rose by 1.7 percent in Q3
Markets
Central Bank of Oman raises OMR29.45 mn through T-bills allotment
T-bills with a 28-day maturity were valued at OMR10 mn
Logistics
IIF: GCC countries are straying away from U.S. dollar
Settlement of oil sales in currencies of Russia-friendly countries on the rise
Economy
Qatar’s 2024 budget approved: Total revenues to exceed $55 bn
Law will come into effect on January 1, 2024
Economy
IIF: GCC gross foreign assets set to reach $4.4 trn by 2024
GCC's foreign asset projections and shifting investment strategies
Hospitality & Tourism
Online Schengen visa processing expects 18-20 million applicants
GCC, home to countries with high applications per capita, to benefit
Banking & Finance
Strong GCC sovereign external balance sheets despite increased banking sector external debt: S&P
GCC countries will have an average of $660 bn of gross external debt
Op-eds
Unleashing the power of carbon dioxide removal
Opportunities and challenges on the path to net zero in the UAE, GCC and MENA
Hospitality & Tourism
Ready for ascent: GCC tourism sector’s unified vision for growth
In 2022, region outperformed global travel industry’s recovery by 43 percent
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