Saudi Arabia, the region’s biggest economy, cut its repurchase agreement (repo) rate and reverse repo rate by 25 bps each to 5 per cent and 4.5 per cent, respectively
As GCC family businesses transition to second and third generations, seamless leadership changes are essential for business continuity
The chairwoman of Landmark said the retail conglomerate plans to refresh its existing stores and enhance its online presence and operations
From leveraging digital health technologies to fostering collaboration between the public and private sectors, the Cluster Head GCC at Novartis’ insights offer a roadmap for accelerating patient outcomes
The Bahrain-regulated exchange aims to create a more inclusive and efficient financial system by enabling fractional ownership of high-value asset classes.
The UK’s cutting-edge solutions make it an ideal partner for the GCC countries in advancing inclusive and innovative education initiatives
Most GCC economies have been largely shielded from stubbornly high inflation elsewhere, and have implemented ambitious plans to diversify revenue sources and boost non-oil growth
The election of Trump is not just a big deal for the US – a new president in the White House can transform the country’s foreign policy
The trade pact would remove tariffs for 51 per cent of New Zealand’s exports to the region from day one
Spot premiums for Middle East crude fell last month as the Asia market was well supplied
An EU partnership with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates would cover trade and investment
Rising geopolitical tensions in the region are having a dampener on the Gulf markets
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, cites a report
Gulf Business Awards 2024 honoured those who have demonstrated exceptional leadership, innovation, and success in their respective fields across the GCC.
The recommendation from the BIS was made prior to the US Federal Reserve’s first interest rate cut in four years
The GCC’s non-energy sectors, including tourism, trade, and finance, are pivotal in driving this growth, with expectations of a 4.2 per cent expansion in 2024 and 4.4 per cent in 2025
The Gulf region’s oil and gas exporters tend to follow the Fed’s lead on rate moves as most regional currencies are pegged to the US dollar
According to PwC, the non-oil growth outturn for 2024 is encouraging at 4 per cent in UAE, 3.7 per cent in Saudi, 3.8 per cent in Oman and 4.7 per cent in Kuwait
A free trade deal with the GCC region is expected to boost the UK economy by $2.10bn (GBP1.6bn) over the long run
Lavrov arrived in Saudi Arabia on an official visit on Sunday
Despite regional flux, up to 42 per cent of UAE-based regional CEOs expect double-digit growth in 2024 indicating a thriving business environment, as per an EMIR survey
Through strategic actions, Saudi Arabia and UAE could capture over 60 per cent of MENA’s $1.2bn genomics market by 2027
While the timing of a full-throttle M&A market recovery is not entirely clear, dealmaking activity in the GCC gathered steam in H1 2024
Last year, Gulf countries poured more than $53bn into projects on the continent, a considerably greater sum than the $10bn investment from the US over the same period
Dr David Wartenweiler, CFA, the bank’s chief investment officer, gives insights into the market outlook for the remainder of 2024
State investors accounted for 54 per cent of the $96bn deployed by sovereign funds – the highest rate since 2009
The talks, if successful, would create one of the world’s largest free trade areas worth $2.4tn
Several banks in the region are reportedly considering acquisitions in Turkiye, Egypt, and India to diversify business models and enhance profitability
The UAE has long advocated deeper EU involvement in the region
The new UAE farm aims to produce over 4.5 million pounds of premium strawberries for local consumption and export within the GCC.