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Economy Middle East Summit
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GCC
Markets
Oil prices rise as OPEC forecasts strong global demand and weather disrupts U.S. production
OPEC maintains 2.25 mn bpd demand growth forecast
MENA
Opportunities in the GCC’s food and beverage market
Industry could hit $135.5 billion in 2024
Economy
Bank Muscat’s $390 million investment fund gets central bank nod
Investment portfolio includes several banks listed in GCC markets
Markets
S&P Global: 2024 global sukuk issuance to remain steady
S&P Global expects issuances to reach between $160-170 billion in 2024
Economy
GCC countries projected to reach 3.6 percent and 3.8 percent growth in 2024 and 2025: WBG
Global economic growth to record 2.4 percent growth in 2024
Technology
Generative AI market projected to reach $1 trillion by 2031
UAE and Saudi Arabia are emerging as key global players
Economy
Oman forecasts $1.7 billion 2024 budget deficit amid oil challenges
Budget gap prompts focus on economic diversification
Economy
UAE economy emerges as the most competitive as per Arab Monetary Fund
Continuous advancements key behind nation’s exceptional performance
Industry
Electricity and water sectors drive growth in Qatar’s industrial production index
Index rose by 1.7 percent in Q3
Markets
Central Bank of Oman raises OMR29.45 mn through T-bills allotment
T-bills with a 28-day maturity were valued at OMR10 mn
Logistics
IIF: GCC countries are straying away from U.S. dollar
Settlement of oil sales in currencies of Russia-friendly countries on the rise
Economy
Qatar’s 2024 budget approved: Total revenues to exceed $55 bn
Law will come into effect on January 1, 2024
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