#GCC
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.
Blockchain offers significant benefits for Islamic finance, including enhanced transparency and the development of innovative financial products
The GCC Secretary-General’s London visit comes a week after the UK elected a new Labour government
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
The overall GCC budget position is projected to remain somewhat in surplus this year, driven by robust financial standings and favourable credit ratings
The CTO shares the findings of Help AG’s State of the Market Report, which delivered key insights into cybersecurity threats, trends and emerging technologies over the past year
Top GCC telcos are looking for new ways to expand their businesses and diversify revenue streams as they reinvent themselves as techcos
Cryptocurrency is more than just a new asset class, it represents a fundamental change in how assets are managed and verified
This strategic investment will leverage B.Grimm Power’s experience and capabilities to develop solar energy projects across the UAE, Saudi Arabia, and Bahrain
S&P’s affirmation of Bahrain’s credit ratings and stable outlook highlights the country’s ongoing fiscal reforms and support from GCC allies
The awards aim to recognise innovation, financial performance, service delivery, corporate social responsibility, growth, and product quality.
The report showed that while the UAE leads the region with women holding board seats, the overall picture for the GCC is less rosy
The company priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn)
Under the new arrangement, nationals of Saudi Arabia, Oman, and Bahrain will be eligible for five-year multiple-entry Schengen visas
This initiative, announced at Investcorp’s China-GCC Investment and Business Cooperation Summit, aims to attract institutional and private investors from the GCC, along with CIC
Gulf economies are seen growing 2.4 per cent this year, a downward revision of 1.3 percentage points from October