Economy Middle East

GCC

Founder and CEO of Aliph Capital, Huda Al-Lawati on soaring trade with Asia, growing investor appetite to boost Gulf market growth
Logistics

Founder and CEO of Aliph Capital, Huda Al-Lawati on soaring trade with Asia, growing investor appetite to boost Gulf market growth

Trade between GCC and Emerging Asia set to overtake trade with advanced economies by 2026

Middle East travel market set to boom as tourists loosen purse strings
Hospitality & Tourism

Middle East travel market set to boom as tourists loosen purse strings

Indian tourists’ greater spending potential, surge in Gen X travelers set to buoy tourism

Qatar Central Bank’s foreign reserves surge 5.2 percent to $67.9 billion in March
Banking & Finance

Qatar Central Bank’s foreign reserves surge 5.2 percent to $67.9 billion in March

The official reserves at the end of March 2024 increased by $3.11 billion

Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023
Bahrain

Bahrain’s GDP grows by 2.4 percent to $36.08 billion in 2023

This represents an increase from $35 billion in the previous year

Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February
Banking & Finance

Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February

Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion

Oman to embrace IBAN system: A new era of seamless financial transactions
Banking & Finance

Oman to embrace IBAN system: A new era of seamless financial transactions

A significant step forward in modernising Oman’s financial infrastructure, says CBO

GCC, Türkiye to forge new path with free trade agreement negotiations
Logistics

GCC, Türkiye to forge new path with free trade agreement negotiations

Trade between both parties rose to $31.4 billion in 2023, from $2.1 billion in 2022

GCC banks still vulnerable to climate transition risks: Report
Banking & Finance

GCC banks still vulnerable to climate transition risks: Report

GCC banks consider the quantification of climate transition risks as a key challenge, according to an S&P report

Qatar sees 160.6 percent growth in tourists from GCC in January
Hospitality & Tourism

Qatar sees 160.6 percent growth in tourists from GCC in January

Qatar aims to receive 6 million tourists by 2030 under its national strategy

Telcos in the GCC embrace technology for revenue diversification: Report
MENA

Telcos in the GCC embrace technology for revenue diversification: Report

The revenue contribution from non-telecom operations will not have immediate impact on ratings, as per the report

U.S. Federal Reserve likely to keep interest rates unchanged this week as inflation rises
Economy

U.S. Federal Reserve likely to keep interest rates unchanged this week as inflation rises

Markets adjust expectations amid mixed economic indicators

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth
Bahrain

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth

Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent