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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Kuwaiti workforce in private sector falls, unemployment hits 33,307

Kuwaiti workforce in private sector falls, unemployment hits 33,307

Feb 05, 2025

As of the end of December 2024, there were 39,418 Kuwaiti men and 31,338 Kuwaiti women in the private sector

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Bahrain: Key deal to develop corporate credit rating system

Bahrain: Key deal to develop corporate credit rating system

Feb 05, 2025

The aim is to provide accurate and transparent credit ratings for businesses in Bahrain, facilitating faster access to finance for small and medium enterprises (SMEs) and boosting investment

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Kuwait may soon be allowed to raise debt after eight-year hiatus: Report

Kuwait may soon be allowed to raise debt after eight-year hiatus: Report

Feb 04, 2025

The law will likely approve raising $65bln over the next 50 years

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Oman’s new investment court: Pioneering legal reform to attract global investors

Oman’s new investment court: Pioneering legal reform to attract global investors

Feb 04, 2025

Oman’s initiative draws on such successful models while tailoring the approach to its unique legal and economic landscape

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Non-oil activities account for 52% of Saudi Arabia’s GDP in 2024, says finance minister

Non-oil activities account for 52% of Saudi Arabia’s GDP in 2024, says finance minister

Feb 04, 2025

The minister noted Saudi Arabia’s strong financial position, citing its low debt-to-GDP ratio

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Fitch affirms Saudi Arabia’s Credit Rating at ‘A+’ with a Stable Outlook

Fitch affirms Saudi Arabia’s Credit Rating at ‘A+’ with a Stable Outlook

Feb 03, 2025

Fitch projects that the Sovereign Net Foreign Assets will reach 63.7% of gross domestic product (GDP) in 2024-2025

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Kuwait's 2025-26 draft budget sees deficit of around $20.43bln, finance ministry says

Kuwait's 2025-26 draft budget sees deficit of around $20.43bln, finance ministry says

Feb 03, 2025

The draft budget for the fiscal year, which starts on April 1, sees oil revenues at 15.3 billion dinars

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Dubai Trade builds on next generation digital delivery order platform with TRADE+

Dubai Trade builds on next generation digital delivery order platform with TRADE+

Feb 03, 2025

Trade+ facilitates the digital exchange of cargo release documents between shipping lines, freight forwarders, consignees and other trade stakeholders, significantly accelerating the cargo release process

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Qatar Central Bank issues treasury bills worth $467mln

Qatar Central Bank issues treasury bills worth $467mln

Feb 03, 2025

The total bids received for QCB treasury bills amounted to $1.64bln

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