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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
Arab Monetary Fund optimistic about UAE’s economic outlook, forecasts 6.2 percent growth in 2025
The report noted strong performance in the fuel and tourism sectors
Kuwait
Kuwait’s real estate market reports $300.86 million in transactions, 14 percent rise week-over-week
The surge is equivalent to an additional KWD13 million compared to the previous week's trading value of KWD79 million
Oman
Oman bans plastic bag imports, new regulation effective this date
The prohibition covers both biodegradable and non-biodegradable plastics
Economy
Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth
The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion
Economy
Kuwait’s inflation slows to 2.8 percent in June, lowest since 2020, as food and rent costs cool
Price rises in the food & beverages sub-component eased to a still-elevated 5.6 percent down from 6.1 percent in May
Banking & Finance
Indian travelers may soon make UPI payments in Qatar
New partnership will let Indian tourists use their preferred payment methods at retail, attractions, leisure, duty-free, and hotels
Economy
Oman’s GDP expands 1.7 percent in Q1 2024, reaching $24.77 billion
Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion
Banking & Finance
Oman Central Bank issues T-bills worth over $80.93 million
The value of the 28-day maturity treasury bills allocated was $38.97 million
Markets
Global sukuk issuances rise to $91.9 billion in H1 2024, says S&P
The total volume of sustainable sukuk issuances reached $5.2 billion during H1 of 2024
Markets
Top 5 GCC IPOs by proceeds during H1 of 2024
GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024
Markets
GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report
The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds
Energy
Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels
This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources
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