GCC

GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment

The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs

Qatar reports $711.58 million budget surplus on $16.39 billion total revenues for Q2 2024

The surplus was directed towards reducing public debt, and therefore there is no cash surplus

MENA sees 321 M&A deals worth $49.2 billion in H1 2024, UAE and Saudi Arabia lead

The UAE and Saudi Arabia reported 94 deals, accounting for 61 percent of the overall domestic M&A deal volume

UAE faces 11.7 percent rise in malware detections as email attacks surge 293 percent globally: Report

Cybersecurity experts stressed the need for improved vigilance and protective measures against growing threats

Kuwait’s real estate market reports $300.86 million in transactions, 14 percent rise week-over-week

The surge is equivalent to an additional KWD13 million compared to the previous week's trading value of KWD79 million 

Oman bans plastic bag imports, new regulation effective this date

The prohibition covers both biodegradable and non-biodegradable plastics

Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth

The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion

Kuwait’s inflation slows to 2.8 percent in June, lowest since 2020, as food and rent costs cool

Price rises in the food & beverages sub-component eased to a still-elevated 5.6 percent down from 6.1 percent in May

Indian travelers may soon make UPI payments in Qatar

New partnership will let Indian tourists use their preferred payment methods at retail, attractions, leisure, duty-free, and hotels

Oman’s GDP expands 1.7 percent in Q1 2024, reaching $24.77 billion

Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion