GCC
The sector spending within the GCC alone is tipped to reach $124 billion in 2028
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
The airport's point-to-point passenger operations account for 25 percent of its total traffic
The bonds are divided into two tranches and aim to fund environmentally friendly projects
Data showed a 4.8 percent increase in the mining sector compared to February 2024
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
Solid budget and financial buffers, but reforms needed to reduce oil dependence
This represents a 58.4 percent growth compared to 2022
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Agreements to boost existing and future investments in Oman and Kuwait in key sectors
Notable market gains included MBC Group Co and Avalon Pharma
The new visa initiative supports emirate’s tourism strategy, which aims to targeting 39.3 million visitors by 2030
Market value of the Abu Dhabi Securities Exchange reached $754.7 billion in April
With this expansion, the total number of countries eligible for the E-visa has increased to 66
Egypt targets attracting 30 million tourists by 2028 in light of additional funding for more tourism development projects
Inbound visitors from Arab countries rise by 54 percent in 2024
Balance between collaboration and competition among GCC destinations promotes tourism growth
The average duration of hotel stays also showed a positive trend, with a 5 percent increase
Innovative offers – from jet to yacht experience – continue to excite guests from around the world
Middle Eastern destinations, including Dubai, Abu Dhabi, and emerging hotspots like Riyadh and Ras Al Khaimah, saw significant tourist inflows in 2023
