GCC
In H1 2024, the Salalah Free Zone added 13 projects in frankincense, packaging, air conditioning, and textiles
Oman’s credit reaches $81.56 billion in July 2024, marking 3.8 percent yearly increase: Central Bank
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
In August, GCC equity markets saw strong net foreign inflows of $892 million
The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1
Other notable agreements included collaboration in communications and information technology
Qatar recorded 2.6 million visitors, with a notable 43 percent coming from GCC countries during the first six months of 2024
The UAE led with exports valued at SAR15.070 billion, approximately 61.8 percent of total Saudi non-oil commodity trade among GCC countries
This new framework for MNEs is fully in line with the guidelines set by the OECD
QatarEnergy plans to build a large urea production complex to boost global food and energy security
The GCC country achieved budget surplus of $712.3 million in Q2 2024
The agency also retained its (P)Ba1 rating for the Government of Oman’s senior unsecured medium-term note program
