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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Kuwait Chamber of Commerce eyes Austria investments amid talks

Kuwait Chamber of Commerce eyes Austria investments amid talks

May 07, 2025

Growing opportunities for investment in Austria, a KCCI statement underlined, citing Vienna as the "ideal destination" for investment.

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Qatar’s economic growth expected to 'broadly steady' this year; sharp pickup seen in 2026: NBK

Qatar’s economic growth expected to 'broadly steady' this year; sharp pickup seen in 2026: NBK

May 07, 2025

“Economic growth in Qatar is expected broadly steady in 2025 at 2.4% before accelerating sharply to 5.5% in 2026,” NBK noted

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Kuwait committed to advancing economic and industrial integration in GCC: minister

Kuwait committed to advancing economic and industrial integration in GCC: minister

May 06, 2025

The minister highlighted the importance of coordinating trade and industrial policies, standardizing regulations, and unifying Gulf positions to navigate the rapid global economic changes

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Saudi Arabia reports first-quarter deficit of $15.65bln

Saudi Arabia reports first-quarter deficit of $15.65bln

May 06, 2025

The world's top oil exporter and de-facto OPEC leader saw its total revenues drop 10% to 263.616 billion riyals in the first quarter

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Dubai retains top global position for attracting Greenfield FDI Projects

Dubai retains top global position for attracting Greenfield FDI Projects

May 06, 2025

Dubai retained its position as the top global destination for attracting Greenfield FDI projects in cultural and creative industries among 233 cities in the report

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Oman’s oil output to rise to 775K bpd

Oman’s oil output to rise to 775K bpd

May 06, 2025

The next Opec meeting is scheduled for June 1, 2025 to decide production targets for July 2025

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Saudi non-oil GDP grows at 4.2% in Q1

Saudi non-oil GDP grows at 4.2% in Q1

May 05, 2025

Consumer spending rose 17.3% y-o-y to SAR148 billion in March 2025

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Austrian trade delegation to visit Kuwait for economic talks in May

Austrian trade delegation to visit Kuwait for economic talks in May

May 05, 2025

Austria is also an active European supporter of sustainable development projects, while Kuwait is working under its 2035 vision to diversify its economy and engage with new markets and international partners

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Kuwait oil price down $2.12 to $67.42 pb

Kuwait oil price down $2.12 to $67.42 pb

May 01, 2025

At the global level, the price of the Brent crude went down by USD 1.61 to USD 64.25 per barrel, the same occurred to the West Texas Intermediate, which went down by USD 1.63 to USD 60.42 pb

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