GCC

UAE: Passport validity reduced to one month to facilitate status amendments for violators, says ICP

This adjustment allows violators to leave without an entry ban stamp or secure jobs while staying 

Investec expands presence in Middle East with new office at Dubai International Financial Centre

The DIFC office will connect HNWIs, family offices, and financial institutions in the GCC, providing advisory services in private banking and wealth management.

Qatar’s Ooredoo Group lands $551.9 million financing deal to propel data center expansion

The deal will drive growth in Ooredoo’s data center unit and open new opportunities in AI and cloud computing

Kuwaiti investments in Egypt surpass $20 billion

Efforts are underway to organize the joint trade committee between the two countries as soon as possible

Qatar’s sukuk issuances grow 122 percent to $500 million in H1 2024: Fitch

Qatar’s debt capital market reached about $130 billion outstanding at the end of H1 of 2024 with sukuk at 10 percent

Arab stock exchanges’ market cap grows 0.52 percent to $4.268 trillion in August

The Egyptian stock exchange led the Arab stock exchanges with the largest monthly increase of 4.64 percent

Oman-China trade exceeds $27 billion in 2023, enhancing economic ties and investment opportunities: OCCI

Al Saadi pointed out that the private sectors in both nations are crucial to driving mutual partnerships 

Non-hydrocarbon sectors poised to drive strong GCC economic growth this year: Report

Deal-making in the region remained active, with 214 transactions recorded in H1 2024

GCC economic growth to more than double to 4.4 percent in 2025, says ICAEW report

Global GDP growth to reach 2.7 percent both this year and the next

Kuwait Central Bank issues bonds, tawarruq worth $792 million

These issuances have a maturity period of three months, with a yield of 4.375 percent 

Saudi Maaden, Bahrain’s Alba ink non-binding deal to explore potential business merger

This collaboration aims to generate synergies that boost production, ESG performance, energy security, and shareholder value