GCC

Oman’s industrial exports surge 8.6 percent to $4.2 billion in Q1 2025 on electrical equipment manufacturing

Electrical equipment and machinery manufacturing sector achieved a remarkable growth rate of 141 percent

GCC financial markets hit nearly $4.2 trillion in capitalization in 2024, marking 0.7 percent growth

Total market capitalization of GCC financial markets dropped 4.4 percent compared to the end of 2023 

Dubai’s $10 billion infrastructure spending fuels growth of commercial vehicle market

Saudi Arabia's $267 billion in infrastructure investments are also key to driving industry growth 

Qatar and Kuwait sign agreement to avoid double taxation, promote investment

The deal establishes a legal framework for tax treaties to eliminate double taxation instances 

Oman’s public revenues reach $33.2 billion in 2024 driven by hydrocarbon gains

Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects

Kuwait, Japan elevate bilateral relations to comprehensive strategic partnership level

Both countries agreed to enhance cooperation across multiple sectors

Bahrain announces Eid al-Adha dates for 2025

Bahrain celebrates Eid al-Adha dates with community events and festive activities in 2025

Qatar real estate: Trading volume exceeds $226.85 million in week

Sales activity concentrated in Al Rayyan, Al Wakrah, Doha, and other key municipalities

China grants 30-day visa-free entry to Saudi, Kuwaiti, Omani, and Bahraini citizens starting June 2025

The new visa-free policy will allow stays of up to 30 days for various purposes in China

Global Water Organization begins operations in Riyadh under Saudi Crown Prince’s patronage

The organization seeks to drive innovation and improve access to sustainable water resources globally 

ADNOC Drilling to acquire 70 percent stake in SLB’s land drilling rigs business in Kuwait and Oman

ADNOC Drilling will gain immediate access to earnings through two operating land drilling rigs in Kuwait and six in Oman

Oman public revenues reach $6.85 billion by end of Q1 2025 

Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop