GCC

Efforts underway to restore internet connectivity in Kuwait following cable damage

CITRA is closely monitoring the situation with the affected company to expedite repairs and restore normal service quickly

GCC manages 38 percent of global SWF assets in 2024, Mubadala leads investments

SOIs could collectively reach $60 trillion in 2025 as GCC nations progress toward their economic visions

Oman forecasts $29 billion public revenue for 2025, 1.5 percent increase from 2024

Projections were informed by critical factors and data, based on an average oil barrel price of $60

Bahrain Bourse launches comprehensive trading incentive scheme to boost market activity

An initiative designed to enhance participation and liquidity among market participants

Oman’s 8th Ijarah sukuk auction generates $849 million, oversubscribed by three times

The average acceptable return was set at 4.75 percent, with a maximum acceptable return of 4.85 percent and a minimum of 4.6 percent

Kuwait Central Bank issues $792 million bond, tawarruq

CBK said that the issuance period is three months with a return rate of 4.125 percent

Qatar: Private sector exports hit $701.6 million in Q3 2024

This reflects a modest decline of 2.5 percent from QAR2.62 billion ($718 million) in Q2 2024

Kuwait signs $772.55 million power maintenance contracts

These contracts are integral to the ongoing initiatives to boost the country's electrical infrastructure and ensure its long-term viability

Qatar Tourism: Five million visitors welcomed in 2024

A 25 percent increase in international arrivals compared to 2023

Kuwait, India agree on upgrading ties to strategic partnership

The two sides highlighted trade's crucial role in connecting their countries and its potential for further growth and diversification

GCC region’s GDP to grow 3.7 percent in 2024, 4.5 percent in 2025: Report

The region's non-oil sector is expected to grow 4.5 percent in 2024, 7.8 percent in 2025 and 8.6 percent in 2026