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GCC
Banking & Finance
Oman Central Bank issues T-bills worth over $80.93 million
The value of the 28-day maturity treasury bills allocated was $38.97 million
Markets
Global sukuk issuances rise to $91.9 billion in H1 2024, says S&P
The total volume of sustainable sukuk issuances reached $5.2 billion during H1 of 2024
Markets
Top 5 GCC IPOs by proceeds during H1 of 2024
GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024
Markets
GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report
The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds
Energy
Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels
This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources
Sustainability
Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report
Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022
Hospitality & Tourism
Top summer 2024 travel destinations for UAE residents revealed
Data showed a significant uptick in both domestic and international travel
Hospitality & Tourism
GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report
The GCC region already boasts some of the world's most modern airports
Qatar
Qatar real estate sector sees 285 deals worth $304.1 million in June 2024
A recent report projected the country's real estate sector to reach QAR155.7 billion by 2028
Banking & Finance
UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
Banking & Finance
Kuwait projects $61.7 billion budget revenues over next four years
Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister
Economy
Qatar’s non-oil private sector hits fastest growth in a year and a half, PMI reaches 55.9 in June
Companies continued to expand employment and the 12-month outlook remained strong
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