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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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GCC
Op-eds
Digital technology: A catalyst for sustainable energy practices in the GCC region
How AI, process optimization and digital grid solutions are changing the game
Energy
Kuwait new energy strategy takes off but oil still dominates
Revival of projects in the energy sector key to the country’s development
Logistics
Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion
Oman's trade balance rose 35 percent to $6.75 billion in the same quarter
Economy
Oman sovereign wealth fund’s assets reach $49.9 billion in 2023, up 7.4 percent YoY
The return on investment for 2023 stood at 9.95 percent
MENA
79 percent of executives in the Middle East have formal sustainability strategy in place: Report
The survey showed that 52 percent of executives are fully embedding sustainability strategies across their organisation
Economy
Arab economies projected to grow by 3.3 percent in 2024 as inflation declines: Report
The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023
Economy
Qatar’s non-oil private sector posts robust growth with 53.6 PMI in May
Output and new orders increased at the fastest rates since Q3 2023
Economy
Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report
The growth rates exceeded those of the post-COVID recovery in mid-2020
Banking & Finance
Central Bank of Oman joins GCC central banks’ AFAQ payments system
Oman's addition brings AFAQ's total number of participant banks from the GCC region to 67
Economy
GCC economic growth to rebound to 2.8 percent in 2024, 4.7 percent in 2025: World Bank
Oil production remains crucial in shaping the GCC region's fiscal and external balances
Health
GCC countries eye $135 billion healthcare sector by 2027 through localization and diversification
The sector spending within the GCC alone is tipped to reach $124 billion in 2028
Banking & Finance
Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
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