GCC

Profitability, asset quality to boost GCC banking sector resilience in 2025: S&P

Brent oil price will average $75 per barrel in the fourth quarter of 2024 and over 2025-2027, which will be helpful for most GCC countries

flydubai showcases latest retrofitted Boeing 737-800 aircraft at Bahrain International Airshow

Carrier currently operates 31 weekly flights between Dubai and Bahrain and continues to see strong demand on the route

Building on ambition and innovation

Real estate sector plays an essential part in the region’s ambitious yet imperative economic diversification journey

Mastercard: Reshaping the financial landscape through AI and innovation

Company has notably teamed-up with major names like UAE Artificial Intelligence Office and FAB

Dubai’s Spinneys announces record $626.2 million revenue for nine months, pre-tax profit climbs to $55.3 million

Adjusted EBITDA up 8.8 percent YoY with an industry-leading EBITDA margin of 18.3 percent

DFM records $10.5 million in major trades on Al Ansari, Ajman Bank

29.1 million shares of Al Ansari were traded for AED28.5 million at AED0.97 each 

Emirates to showcase iconic retrofitted Airbus A380 at Bahrain International Airshow

Emirates is the world’s largest Airbus A380 operator and is currently undertaking the industry's largest known in-house $4 billion retrofit program

GCC region’s IPO outlook remains positive for 2024 despite slower Q3: Report

Outlook for the GCC IPO market remains positive with a healthy IPO pipeline of companies from a diverse range of sectors

Qatar welcomes 4 million visitors by October 2024, 41.8 percent from GCC

This indicates a 26 percent rise in international visitors compared to the same timeframe in 2023 

Qatar affirmed at ‘AA/A-1+’; outlook stable: S&P

Growth momentum is expected to strengthen from 2026, supported by the North Field Expansion (NFE) LNG project

OPEC+ extends voluntary oil output cuts until the end of the year

The group is currently cutting 5.86 million barrels per day of output, equal to about 5.7 percent of global demand

81.4 percent of Japan’s oil imports sourced from UAE, Saudi Arabia in September 

UAE stood out with 31.33 million barrels, while Saudi contributed 27.98 million barrels