GCC

Qatar achieves $5.51 billion in trade surplus in July 2024, total exports reach $8.28 billion

Import levels rose by 6.8 percent year-on-year, reaching $2.77 billion

Oman’s real estate transactions hit $4.41 billion by end of July 2024, up 6.4 percent

The total value of sales contracts reached OMR631.3 million during this period

Celebrating Emirati Women’s Day: Visa’s ‘She’s Next’ returns to UAE with third edition

The third edition supports women entrepreneurs in publishing, fashion, food, and more over several months

GCC listed banks post record $14.8 billion net profit in Q2 2024

Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023

QatarEnergy, KPC ink 15-year deal to supply up to 3 MTPA of LNG to Kuwait

The contracted LNG volumes will be delivered ex-ship to Kuwait's Al-Zour LNG Terminal using QatarEnergy's LNG vessels starting in January 2025.

Bahrain’s $92.89 million T-bill issuance sees 254 percent oversubscription

The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025

Qatar’s economy to double by 2031 fueled by LNG boom, diversification: Report

Qatar's gas production will stay steady for 140 years before a major boom

Kuwaiti banks turn to M&A amidst strong fundamentals: Report

The paper noted that banks in Kuwait have strong capital and liquidity despite growth constraints

Aluminum and iron ore drive Bahrain’s $894.31 million export surge in July 2024

China emerged as the leading import partner, contributing BHD73 million (16 percent) to Bahrain's import basket

Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin

This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint

UAE’s ADQ, ne’ma join forces to combat food waste from farm to table

ne'ma aims to reduce food loss and waste by 50 percent by 2030, in line with U.N. Sustainable Development Goal 12.3

Qatar Airways acquires 25 percent stake in Airlink, expanding African reach

Qatar Airways will expand its reach to 45 destinations across 15 African countries

Dubai welcomes over 691,000 health tourists, generating $280.42 million in spending

The emirate's indirect revenue from health tourism reached AED2.3 billion in 2023

Oman’s Nizwa: A thriving industrial hub with $1.23 billion investment, 173 projects

A 78,000 square meter residential project is being planned and will be open for investment soon

Oman’s trade balance booms with $7.76 billion surplus by May 2024, UAE key trading partner

Oman's commodity exports rose 5 percent YoY, reaching $25.16 billion during this period

GCC students shine at Huawei’s Seeds for the Future 2024 program regional finals

This year’s edition brought together 150 university students from 14 countries across the Middle East and Central Asia

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

Harnessing public-private partnerships to transform local economies  

PPPs attract investments, create jobs and develop new capabilities 

Oman hits 54 percent of employment target for H1 2024, 14,074 jobs created

The public sector has seen 6,963 individuals employed, representing 69.63 percent of the 10,000 target

Growing GCC interest drives $3.66 billion real estate market in Oman

The number of properties registered to GCC citizens surged by 5.2 percent to 666, compared to 633 in 2023 

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

DP World Trade Finance, BBK integrate logistics and financial services to boost regional trade

Partnership seeks to drive growth, improve operational efficiency and provide comprehensive support to businesses in trade

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program