GCC

Tasama: New PIF company to support startups, boost business services growth across Saudi Arabia

Tasama offers a suite of services to support businesses through their startup and growth phases.

Moody’s upgrades Oman’s credit rating to Baa3 with stable outlook, citing improved debt metrics

Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020 

Qatar’s real estate market hits $461.5 million with 372 transactions in June

Doha, Al Rayyan, and Al Dhayen led the municipalities in financial transaction activity

UAE, Chad discuss strategies for enhancing collaboration in the financial sector

The meeting included several senior Chadian officials, highlighting strong diplomatic ties between the nations

Qatar and China boost air traffic efficiency with strategic cooperation agreement

Trade between the two countries surged from $10.6 billion in 2014 to $24.5 billion in 2023 

OPEC reduces 2025 oil demand forecast to 105 million bpd, projects 122.9 million bpd by 2050

The long-term projection reflects increasing energy needs in developing nations and anticipated investments.

EY report: Bahrain most cost-effective GCC hub for financial services firms

Bahrain aims to empower global financial institutions to leverage the kingdom’s unique advantages and highly skilled talent to drive technological advancement

Kuwait, Jordan ink six agreements focused on crucial areas like trade, tourism, and investment

Agreements further reached to enhance higher education, research, and student exchanges for academic collaboration 

Emirates partners with Crypto.com to integrate crypto payments into air travel

The agreement aims to uphold the highest security and compliance standards for digital transactions 

M&A in MENA hits $115.5 billion in H1 2025, up 149 percent YoY

The UAE emerged as the top target nation, with deals totaling $39.8 billion in value

Kuwait strengthens ties with India, Iraq with new MoUs to combat financial crime 

Deals aim to promote an environment of transparency and security in financial systems 

UAE refutes claims of lifetime Golden Visa for certain nationalities

Categories and conditions for the Golden Visa are clearly defined according to official regulations