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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Riyadh hails oil discovery as step for energy coop. with Kuwait

Riyadh hails oil discovery as step for energy coop. with Kuwait

May 29, 2025

API gravity is a scale that defines the gravity or density of liquid petroleum products

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Saudi FM emphasises vast potential of GCC-ASEAN partnership and need to remove trade barriers

Saudi FM emphasises vast potential of GCC-ASEAN partnership and need to remove trade barriers

May 28, 2025

Prince Faisal made the remarks while addressing the second summit between the Gulf Cooperation Council (GCC) countries and the Association of Southeast Asian Nations (ASEAN)

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Oman's first quarter budget revenue down falls as oil income drops

Oman's first quarter budget revenue down falls as oil income drops

May 28, 2025

Oil revenue for the OPEC+ member was down 13% at 1.468 billion rials in the first three months of the year

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Abu Dhabi’s economy set for resilient growth until 2028 amid buoyant oil, non-oil sectors

Abu Dhabi’s economy set for resilient growth until 2028 amid buoyant oil, non-oil sectors

May 28, 2025

The government expected to run fiscal surpluses through 2028, says S&P

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KPC: Kuwait oil price up 44 cents to $64.02 pb

KPC: Kuwait oil price up 44 cents to $64.02 pb

May 28, 2025

The prices of the Brent crude and West Texas Intermediate globally had differed with the former decreasing by four cents to USD 64.74 per barrel, the latter stabilizing at USD 61.53 pb

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UAE launches digital integration project to verify private sector workers’ academic qualifications

UAE launches digital integration project to verify private sector workers’ academic qualifications

May 27, 2025

The project aligns with the UAE’s vision to drive digital transformation

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Saudi Arabia's non-oil exports rise 10.7% in March

Saudi Arabia's non-oil exports rise 10.7% in March

May 27, 2025

Commodity exports declined by 9.8% in March 2025 to SR93.78 billion, compared to March 2024, due to a 16.1% decline in petroleum exports to SR 66.74 billion

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Bahrain’s economy is on track for significant transformation

Bahrain’s economy is on track for significant transformation

May 27, 2025

These initiatives are meticulously crafted to bolster Bahrain’s and the broader Gulf region’s economic landscape across critical sectors: official

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MiN. Al-Fassam: Kuwait financed IsDB projects worth over $980mln

MiN. Al-Fassam: Kuwait financed IsDB projects worth over $980mln

May 27, 2025

Kuwait is proud of its founding membership of the IsDB since August 12, 1974, which reflects its ongoing commitment to supporting Islamic economic cooperation and achieving integration among member states

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