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Economy
World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025
The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025
Op-eds
Embracing new opportunities amid shifting global economic dynamics
Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA
Logistics
Founder and CEO of Aliph Capital, Huda Al-Lawati on soaring trade with Asia, growing investor appetite to boost Gulf market growth
Trade between GCC and Emerging Asia set to overtake trade with advanced economies by 2026
Hospitality & Tourism
Middle East travel market set to boom as tourists loosen purse strings
Indian tourists’ greater spending potential, surge in Gen X travelers set to buoy tourism
Banking & Finance
Qatar Central Bank’s foreign reserves surge 5.2 percent to $67.9 billion in March
The official reserves at the end of March 2024 increased by $3.11 billion
Bahrain
Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023
This represents an increase from $35 billion in the previous year
Banking & Finance
Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February
Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion
Banking & Finance
Oman to embrace IBAN system: A new era of seamless financial transactions
A significant step forward in modernising Oman’s financial infrastructure, says CBO
Logistics
GCC, Türkiye to forge new path with free trade agreement negotiations
Trade between both parties rose to $31.4 billion in 2023, from $2.1 billion in 2022
Banking & Finance
GCC banks still vulnerable to climate transition risks: Report
GCC banks consider the quantification of climate transition risks as a key challenge, according to an S&P report
Hospitality & Tourism
Qatar sees 160.6 percent growth in tourists from GCC in January
Qatar aims to receive 6 million tourists by 2030 under its national strategy
MENA
Telcos in the GCC embrace technology for revenue diversification: Report
The revenue contribution from non-telecom operations will not have immediate impact on ratings, as per the report
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