UAE deploys $272mln fund to bolster critical industries Etihad Rail, AD Ports launch direct Fujairah-Abu Dhabi freight service Sharjah-Oman logistics corridor cargo value jumps 66% to $463mln Saudi Arabia seeks greater private-sector role in industrial growth Oman Islamic banking assets top over $24bln Salama, Ajman Bank establish strategic partnership CBUAE, Mastercard conclude programme to strengthen national capabilities in fraud risk management Qatar Chamber enhances trade relations with Malaysia's Malacca State Saudi business confidence climbs to 56.7 points on industry, services gains Qassim Cement to acquire 100% of A-Mix for $17.3mln Oman, US discuss financial crime cooperation Saudi's HADAF invests $522mln through 26 strategic partnerships to train, employ 16,000 citizens Qatar, North Macedonia sign agreement to strengthen cooperation in labour sector Sharjah draws investment projects worth $2.1bln in 2025 Saudi Arabia records $1.54bln in POS transactions in one week UAE non-oil growth hits fastest pace since December 2024, PMI shows Oman’s non-oil exports rise 11.4% to $9.3bln, re-exports jump 20% UAE participates in second G20 Finance Ministers and Central Bank Governors meeting Saudi Arabia and Syria sign 4 pacts to boost cooperation in transport and logistics sectors Geological assets drive mining, manufacturing growth in Fujairah RAK Chamber explores trade, investment opportunities at UAE-Lebanon Business Forum Saudi Arabia agrees to raise Pakistani agricultural and food exports to $3bln UAE investment council launches data tools to boost overseas investment Oman's public revenue rises 13% to $17.2bln in first half of 2026 Saudi Arabia’s construction costs rise 2.3% in July 2026 ADIB provides $37mln Islamic financing for Glasgow logistics hub Oman’s tea and coffee imports hit record highs Total value of Bahraini exports hit $5.04bln Oman: ARA eyes Q3 2027 gas pipeline launch Oman: Sohar International establishes innovation hub at Terminal 11 to support fintech growth

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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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Saudi Arabia ready for multiple oil price scenarios, economy minister says

Saudi Arabia ready for multiple oil price scenarios, economy minister says

May 21, 2025

The International Monetary Fund and economists estimate Riyadh needs oil prices of over $90 a barrel to balance its budget

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Qatar Financial Information Unit and Libyan counterpart sign deal to boost cooperation

Qatar Financial Information Unit and Libyan counterpart sign deal to boost cooperation

May 21, 2025

The MoU underscores both parties’ shared commitment to international standards, particularly the recommendations of the Financial Action Task Force

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Kuwait crude oil gain $1.97 Wed. to v64.05 pb - KPC

Kuwait crude oil gain $1.97 Wed. to v64.05 pb - KPC

May 20, 2025

Brent futures dropped USD 1.03 to USD 61.12 pb and West Texas Intermediate lost USD 1.02 to USD 58.07 pb

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Saudi Arabia and Turkey to enhance bilateral cooperation

Saudi Arabia and Turkey to enhance bilateral cooperation

May 20, 2025

They also discussed major developments in the region

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