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GCC
Logistics
Doha’s Hamad International Airport’s 10-year journey peaks with 50 million passenger landmark
The airport's point-to-point passenger operations account for 25 percent of its total traffic
Banking & Finance
Qatar’s $2.5 billion green bond issuance draws over $14 billion in bids, 5.6 times oversubscribed
The bonds are divided into two tranches and aim to fund environmentally friendly projects
Industry
Qatar’s industrial production index reaches 100.2 points in March 2024, increasing by 4.7 percent
Data showed a 4.8 percent increase in the mining sector compared to February 2024
Banking & Finance
Qatar announces $549.2 million budget surplus for Q1 2024
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
Banking & Finance
Four Egyptian banks receive positive outlook on improved foreign currency liquidity: Report
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
Economy
Moody’s affirms Kuwait A1 rating, stable outlook
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Hospitality & Tourism
Qatar sees tourism boom with 4 million visitors in 2023, 2 million in early 2024
This represents a 58.4 percent growth compared to 2022
Banking & Finance
GCC banks’ profitability to remain strong in 2024 on delayed rate cuts: Report
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Economy
Oman, Kuwait ink four agreements in investment, education and metrology
Agreements to boost existing and future investments in Oman and Kuwait in key sectors
Markets
Majority of Middle East IPOs experience positive aftermarket gains in 2024: Report
Notable market gains included MBC Group Co and Avalon Pharma
Hospitality & Tourism
Abu Dhabi extends visa support for Indians seeking to get married
The new visa initiative supports emirate’s tourism strategy, which aims to targeting 39.3 million visitors by 2030
Markets
Market cap of Arab stock exchanges exceeds $4.361 trillion in April: AMF
Market value of the Abu Dhabi Securities Exchange reached $754.7 billion in April
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