Kuwait air traffic returns to normal, flights resume QatarEnergy announces new oil discovery offshore Namibia UAE developer Alef launches $1.1bln mixed-use development in Sharjah ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says Dubai real estate deals in April surge to $18.7bln Saudi's SAMA mandates advance notification of investment rounds by financing companies Qatar maritime trade activity accelerates in May Oil steadies as uncertainty over US-Iran talks keeps markets on edge Qatar: Relatively hot daytime conditions expected, moderate night Dubai Centre for Family Businesses explores ways to strengthen business adaptability Saudi Crown Prince, UAE President discuss regional security and cooperation UAE President and Qatar’s Emir discuss fraternal ties and regional developments in phone call Flydubai operates 3,800 flights in March, posts high net promoter score Oman Investment Bank names new CEO Saudi sovereign investor PIF mandates 3yr, 7yr, 30yr USD issuance Abu Dhabi's TA’ZIZ Methanol JV secures $2bn financing for methanol plant Emirates airline posts record net profit despite war impact Qatar unveils support package to steady markets, boost investor confidence Saudi Vision 2030 milestones forge a stronger, diversified, and resilient economy Abu Dhabi non-oil trade jumps 36% to $113bln in 2025; exports rise 63% Qatar's GTA extends 2025 tax return submission deadline until June 30 Qatar targets strategic FDI as global competition intensifies New pharma plant opens in Nizwa, boosting Oman’s drug security Jeddah Tower hits new construction milestone; tops 100 floors Qatar’s banking assets touch $596bln in February: QNBFS Dubai Holding Real Estate, ENBD partner to offer financing for key projects Ajman DED issues 1,617 new licences, renews 8,777 in Q1 Saudi: SFDA begins classifying fines according to size of establishment in bid to support MSMEs Burjeel Holdings strengthens growth outlook Saudi Arabia raises its oil price for Asia

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Ministry of Economy highlights Saudi Arabia's key economic indicators for April 2025

Ministry of Economy highlights Saudi Arabia's key economic indicators for April 2025

May 26, 2025

Unemployment for Saudi Arabia showed a rate of 7.0% in the fourth quarter of 2024: GASTAT

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Oman: PDO offers high-potential oil acreage for investment

Oman: PDO offers high-potential oil acreage for investment

May 26, 2025

Area-A in Qarn Alam Cluster is thought to hold over 1 billion barrels of STOIIP

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Kuwait crude oil down $2.35 to $64.05 pb - KPC

Kuwait crude oil down $2.35 to $64.05 pb - KPC

May 26, 2025

Brent futures dropped 47 cents to US 64.44 pb and West Texas Intermediate lost 37 cents to USD 61.20 pb

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FTA offers Omani exports competitive advantage

FTA offers Omani exports competitive advantage

May 22, 2025

The OEA session focused on the theme, ‘International Customs Policies and Their Impact on the Omani Economy’

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EMSTEEL CEO highlights $1.7bln boost to Abu Dhabi’s GDP

EMSTEEL CEO highlights $1.7bln boost to Abu Dhabi’s GDP

May 22, 2025

Al Remeithi noted that the steel market in the UAE witnessed growth exceeding 20% last year

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Saudi Arabia, Spain sign deal to enhance economic relations

Saudi Arabia, Spain sign deal to enhance economic relations

May 22, 2025

The deal outlines areas of cooperation including the coordination of efforts in economic modeling and policymaking

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Kuwait: Amb. Al-Zain Al-Sabah, KPC CEO discuss strategic ties with US Interior Secretary

Kuwait: Amb. Al-Zain Al-Sabah, KPC CEO discuss strategic ties with US Interior Secretary

May 22, 2025

The Kuwaiti embassy also said it hosted a roundtable discussion with Sheikh Nawaf Al-Sabah later today in cooperation with the Washington-based Atlantic Council think tank

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Kuwait oil price up 49 cents to $64.66 pb

Kuwait oil price up 49 cents to $64.66 pb

May 21, 2025

The price of Brent crude and West Texas Intermediate globally went up each by 13 and 20 cents, reaching respectively USD 65.54 per barrel and USD 62.69 pb

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Dubai: New decision to protect public employees who report financial or administrative violations

Dubai: New decision to protect public employees who report financial or administrative violations

May 21, 2025

The Decision is issued pursuant to Law No. (4) of 2018 on the establishment of the Financial Audit Authority and its amendments

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