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investment
Markets
Central Bank of Oman raises OMR29.45 mn through T-bills allotment
T-bills with a 28-day maturity were valued at OMR10 mn
Technology
New AI-powered space technology company launches in Abu Dhabi
Company's implied market capitalization stands at $4 bn
Markets
Oil prices decline amidst rise in U.S. inventory, global trade concerns
Crude prices face headwinds as market focus shifts to slow demand and trade disruptions
Markets
Saudi Arabia raises SAR10.55 bn in local sukuk in December
The total volume of bids amounted to approximately SAR14.125 billion
Economy
CBUAE budget balance reaches AED647.6 billion in October
Balance sheet includes AED283.9 billion in cash and AED206 billion in investments
Banking & Finance
SAR262.7 billion credit facility extended to SMEs in Saudi Arabia
Banking sector contributed the largest volume of credit facilities, with an estimated value of SAR245.3 billion
Banking & Finance
Saudi Arabia launches FinTech program Makken to boost financial innovation
Efforts fall under Financial Sector Development Program
Logistics
Unwavering government support to propel Saudi Arabia’s aviation sector towards global leadership by 2030
Kingdom is building an attractive hub for business and tourism
Economy
IIF: GCC gross foreign assets set to reach $4.4 trn by 2024
GCC's foreign asset projections and shifting investment strategies
Technology
Abu Dhabi’s Bayanat, Yahsat announce merger, creating global space tech powerhouse
$4.08 bn combined marker capital positions merger as key player in the evolving space economy
Logistics
UAE, Qatar trade grows 68 percent, reaches AED 521 million
Main exports include ships, boats, iron, steel and mineral oils
Sustainability
UAE’s Positive Zero secures $400 mn funding to promote sustainable energy adoption in GCC
Investment to boost Positive Zero's energy transition projects in the Gulf countries
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