GCC

FII8 conference explores geoeconomics and future investments

Highlighting the need for investment, development support, and strong legal frameworks to attract international investors 

Qatar records $4.85 billion surplus of foreign merchandise trade in September 2024

Imports of goods reached approximately $2.71 billion, up 4.9 percent YoY

Modon Holding partners with LuLu to develop retail facilities in UAE, Egypt

The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences

Oman’s OQEP shares listed on MSX as largest company with over $7.79 billion capitalization

This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy

UAE committed to building advanced technological ecosystem that captivates global attention

The country has become the go-to destination for entrepreneurship and talent

Seven GCC IPOs raise $1.7 billion in Q3 2024, UAE leads growth with $1.1 billion

Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings

UAE emerges as region’s top startup hub with over 5,600 registrations in Q2 2024

UAE leads the region in the fintech startup sector, with over 550 companies currently operating in this field

Oman’s OQEP raises $2 billion in IPO

Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)

Sheikh Maktoum seeks stronger ties across key sectors at GCC-European Union Summit

In 2023, the EU became the second-largest trading partner of the GCC region, with total trade reaching €170 billion

GCC venture capital funding grows 30 percent amid global slowdown: Report

In 2023, overall global venture capital funding declined to $248.4 billion, the lowest since 2017

Saudi Arabia, Oman sign MoU to advance economic resilience and green initiatives

This MoU is designed to facilitate cooperation through the sharing of information, expertise, and research

Outstanding global sukuk up 8.5 percent to $900 billion in Q3 2024, says Fitch

Fitch expects rates to reach 4.5 percent at the end of 2024 and 3.5 percent at the end of 2025, boosting Q4 and 2025's issuance activity

Oman LNG inks 4-year sales, purchase agreement with Japanese Kansai Electric Power

Agreement encompasses the offtake of 0.4 million metric tons per annum of LNG from Oman LNG for four years starting in 2026

UAE-Oman Hafeet Rail project signs $1.5 billion bank financing deals

A single freight train journey is expected to transport over 15,000 tons of cargo, equivalent to about 270 standard containers 

The role of lawyers in digital transformation projects

Legal guidance essential to ensure compliance, manage risks and facilitate smooth implementation of digital transformation initiatives

Are the BRICS gearing up to challenge the petrodollar?

De-dollarization gained momentum after the UAE and Saudi Arabia were invited to join the intergovernmental organization

UAE completes GCC railway commitments, ready to boost regional connectivity, says GCC Secretary-General

Al Budaiwi praised the UAE's key role in major national projects and the Gulf Railway initiative

QatarEnergy signs 20-year naphtha deal with Shell to deliver 18 million tons starting April 2025

QatarEnergy and Shell have a strong alliance with multiple joint investments in the energy sector, both in Qatar and globally

Human Mobile Devices is putting the ‘human’ back into phone design with its new smartphone: The HMD Skyline 5G

Crafted from recycled aluminum, built to last longer with great battery cycle and easy self-repair innovative design

Sheikh Hamdan bin Mohammed concludes official visit to Kuwait

The discussions highlighted the significant advancements in cooperation, bolstered by the leadership of both nations

Qatar Central Bank issues T-bills worth $1.2 billion, bids reach $3.56 billion

T-bills have maturities of 7 days, 28 days, 91 days, 182 days, 301 days, and 364 days

Emirates makes touchdown to Lagos, Nigeria

The daily service is strategically scheduled to optimize connections to key locations, enhancing business and leisure travel to and from Nigeria

Riyadh welcomes first refurbished Emirates Boeing 777

This newly upgraded aircraft will operate the daily EK 819/820 service, departing Dubai at 07:10 and arriving in Riyadh at 08:05

Crown Prince of Abu Dhabi holds talks with Qatar’s Emir, uncovers new avenues for strategic partnership

The talks focused on advancing joint cooperation in strategic sectors of mutual interest