GCC

GCC banking sector poised for growth in 2025 on strong capital levels

Banks in the UAE will maintain robust growth in their lending activities, bolstered by relaxed monetary policies and a favorable economic environment

Kuwait, China establish framework agreement for renewable energy technology

The agreement was the result of six months of negotiations and aims to enhance cooperation at all levels

GCC economic growth to rise to 4 percent in 2025 despite trade headwinds: ICAEW

Gradual oil output hikes in the GCC region will generate oil-sector growth of 3.2 percent this year, following two years of contraction

Kuwait central bank issues bonds valued at $792 million

The issuance is valid for three months, at an income rate of 4.125 percent

UK businesses see Middle East as prime investment destination as interest in the region doubles

36 percent of UK business leaders now see the Middle East as a key investment hub for the next five years

Bahrain: 23 opportunities through land investment platform announced

This expansion showcases greater utilization of government assets to boost economic growth and private partnerships

Oman’s airports welcome over 1.33 million passengers and 8,983 flights by January 2025

Indian nationals topped passenger numbers at Muscat International Airport with 90,081 arrivals

Qatar Airways boosts global network with 11 new destinations as demand surges

New flights will connect major cities like Sharjah, Amsterdam, London, Madrid, and Tokyo Narita

GCC inflation reaches 1.7 percent by end of October 2024, reports GCC-Stat

Annual inflation is driven by housing prices up 6.4 percent, goods and services 3 percent, hotels 1.7 percent

UAE residents can now use Jaywan co-badge card in 200 countries after Visa deal

Domestic transactions use UAESWITCH; cross-border transactions outside GCC will utilize Visa's global network, VisaNet

UAE’s insurance sector to grow 20 percent in 2025: S&P

Leading UAE insurance firms invest heavily in automation and digital transformation to enhance efficiency and competitiveness