GCC

The impact of macroeconomic indicators on forex pairs linked to GCC currencies

Explore how regional macroeconomic indicators affect currency pairs involving GCC currencies like the AED and SAR

UAE 2024 sukuk market expands: $14.4 billion issued, $14-15 billion projected for 2025

This is supported by ongoing activities from both banks and corporate entities

Global ESG sukuk market to surpass $50 billion in 2025

In the GCC region, the ESG debt capital market reached $46.3 billion outstanding

Dubai’s Mashreq expands into Oman with tailored financial corporate services to support Vision 2040

The bank aims to nurture resilient entrepreneurial talent and foster a dynamic, knowledge-driven economy

Kuwait discovers 800 million barrels of oil, 600 billion cubic feet of gas

This follows the July 2024 Al-Nokhatha field discovery, with reserves of 3.2 billion barrels

UAE leads five Arab nations in attracting 145 foreign automotive projects worth over $22 billion in 2024

The automotive sector in Arab countries attracted 184 foreign projects valued at more than $25 billion from 2003 to 2024

Gulf Data Hub, KKR to invest over $5 billion to build GCC data center capacity

Transaction marks one of the largest international investments into a UAE-founded and managed business

Bahrain, Oman sign 25 cooperation agreements to strengthen bilateral relations

The Double Taxation Agreement aims to strengthen economic ties through improved tax collaboration

Bahrain Government Treasury Bills worth $185.8 million oversubscribed by 200 percent

The issuance date for these treasury bills is set for January 15, while they are due to mature on April 16

Central Bank of Kuwait issues $660 million bond and tawarruq with 4.125 percent yield rate

Bonds fund governments by repaying principal and interest; tawarruq converts debts into tradable securities

Oman airports see 13.3 million passengers, close to 99,000 flights by November 2024

Muscat International Airport had 11,737,391 passengers by November 2024, a 2.7 percent increase

Halo AI secures $6 million to expand brand creator collaborations beyond Saudi Arabia

The company aims to expand into Dubai and Kuwait, targeting growth in MENA, Europe, and North America