GCC

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

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

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report

The GCC region already boasts some of the world's most modern airports

Qatar real estate sector sees 285 deals worth $304.1 million in June 2024

A recent report projected the country's real estate sector to reach QAR155.7 billion by 2028

UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals

MENA startups raised $116 million in June 2024, bringing H1 total to $882 million

Kuwait projects $61.7 billion budget revenues over next four years

Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister

Qatar’s non-oil private sector hits fastest growth in a year and a half, PMI reaches 55.9 in June

Companies continued to expand employment and the 12-month outlook remained strong

Oman climbs five spots in 2024 Competitive Industrial Performance Index

Oman's tech investments, automation, and supply chain consolidation have driven economic improvement

Want an exquisite getaway for summer? Here are 5 luxurious ultra-private escapes

Private oases located in stunning European and Maldivian destinations

Diving into Seychelles’ tourism progress: A paradise with a purpose

Discover the country’s sustainability and conservation efforts

Bahrain’s national non-oil exports reach $838.3 million in May

Saudi Arabia ranked first among export destinations, with BD64 million (20 percent) in national origin exports

GCC banks continue to outperform global peers, remain poised for strong 2024: Report

GCC banks' revenue-to-assets ratio is 3.2 percent, well above the global average of 2.3 percent

Half of all emerging-market debt issued by GCC countries, Malaysia, Indonesia, and Türkiye: Report

In 2024, these countries accounted for 51 percent of U.S. dollar debt issued by EMs (excluding China)

Bahrain exceeds global ICT development average, ranks fifth worldwide with score of 97.5

Bahrain's economic leadership and technological progress have catalyzed further innovation and development in this vital sector

Capital market, IPO reforms spur growth in GCC asset management industry: Report

According to the report, the regulatory regime pertaining to investment funds is evolving in the GCC

GCC’s 2024 growth forecast lowered to 2.2 percent on extended oil output cuts

ICAEW has also lowered its 2024 inflation forecast for the GCC region to 2.2 percent this year and 2.1 percent next year

Bahrain attracts record FDI inflows of $6.8 billion in 2023, with UAE as third biggest contributor

Bahrain's FDI stocks relative to GDP stood at 99.7 percent as of the end of 2023

QatarEnergy enters 10-year naphtha supply agreement with India’s Haldia Petrochemicals

Agreement commencing in Q2 2024 will be facilitated through QatarEnergy's HPL Global Pte Ltd

Oman posts $6.7 billion trade surplus, merchandise exports reach $16.88 billion by end of March 2024

Total value of merchandise imports to the Sultanate amounted to $10.1 billion

Qatar’s real estate trading volume reaches $346.41 million in May 2024

Data revealed that 322 real estate transactions were recorded during the month

The rise of the digital economy: Banks as architects of GCC’s financial future

Open banking and digital payments among technologies that drive transformation in the finance industry

Green finance is funding sustainable progress in MENA

Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023