GCC

UAE’s ADQ, ne’ma join forces to combat food waste from farm to table

ne'ma aims to reduce food loss and waste by 50 percent by 2030, in line with U.N. Sustainable Development Goal 12.3

Qatar Airways acquires 25 percent stake in Airlink, expanding African reach

Qatar Airways will expand its reach to 45 destinations across 15 African countries

Dubai welcomes over 691,000 health tourists, generating $280.42 million in spending

The emirate's indirect revenue from health tourism reached AED2.3 billion in 2023

Oman’s Nizwa: A thriving industrial hub with $1.23 billion investment, 173 projects

A 78,000 square meter residential project is being planned and will be open for investment soon

Oman’s trade balance booms with $7.76 billion surplus by May 2024, UAE key trading partner

Oman's commodity exports rose 5 percent YoY, reaching $25.16 billion during this period

GCC students shine at Huawei’s Seeds for the Future 2024 program regional finals

This year’s edition brought together 150 university students from 14 countries across the Middle East and Central Asia

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

Harnessing public-private partnerships to transform local economies  

PPPs attract investments, create jobs and develop new capabilities 

Oman hits 54 percent of employment target for H1 2024, 14,074 jobs created

The public sector has seen 6,963 individuals employed, representing 69.63 percent of the 10,000 target

Growing GCC interest drives $3.66 billion real estate market in Oman

The number of properties registered to GCC citizens surged by 5.2 percent to 666, compared to 633 in 2023 

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

DP World Trade Finance, BBK integrate logistics and financial services to boost regional trade

Partnership seeks to drive growth, improve operational efficiency and provide comprehensive support to businesses in trade

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program

Abu Dhabi, Dubai ranked top liveable cities in Middle East and Africa

Among the top-ranking GCC cities were Kuwait City, Doha and Bahrain in the 3rd, 4th and 5th places, respectively

Bahrain’s economy posts solid 3.3 percent growth, lifting Q1 2024 GDP to $9.55 million

The oil sector grew by 3.4 percent and the non-oil sector by 3.3 percent at constant prices

8.6 million GCC tourists in Saudi Arabia spend over $4 billion in 2023

The total number of inbound tourists reached 27.4 million tourists in 2023, setting a new record high for Saudi Arabia

Qatar’s tourism sector booms with visitor numbers up 28 percent in H1 2024

Qatar’s travel and tourism sector is set to contribute $25 billion to the country’s economy this year

Sharjah’s real estate market soars to $4.95 billion with 10,809 transactions in H1 2024

Seven new real estate projects launched in the emirate, including residential complexes and towers.

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