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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Qatar’s budget records $549mln surplus in Q1 2024

Qatar’s budget records $549mln surplus in Q1 2024

May 21, 2024

The total budget revenues amounted to $14.67bln for the Q1 of 2024

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Saudi Aramco signs MOUs with US firms Aeroseal, Spiritus and Rondo

Saudi Aramco signs MOUs with US firms Aeroseal, Spiritus and Rondo

May 20, 2024

Under the MOU the companies will develop potential lower-carbon energy solutions, Aramco's statement said

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ADNOC Drilling wins $1.7bln UAE unconventional energy resources contract

ADNOC Drilling wins $1.7bln UAE unconventional energy resources contract

May 20, 2024

State-owned United Arab Emirates energy giant ADNOC has awarded ADNOC Drilling Company a 6.24 billion dirham ($1.7 billion) contract

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Qatar-Vietnam trade volume surges to $770mln

Qatar-Vietnam trade volume surges to $770mln

May 20, 2024

The exchange visits at various high levels from both sides’ leadership have cemented bilateral relations between Vietnam and Qatar: official

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Standard Chartered expects Oman’s credit rating uplift amid economic resilience

Standard Chartered expects Oman’s credit rating uplift amid economic resilience

May 15, 2024

The bank expects a policy rate of 5.5% by 2024-end, consistent with its latest US Fed forecasts

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Saudi's MHRSD: 1mln workers benefit from initiative to improve contractual relationship

Saudi's MHRSD: 1mln workers benefit from initiative to improve contractual relationship

May 13, 2024

The initiative enabled making amendments in the Labor Law rules and regulations aimed at improving the contractual relationship between employers and workers

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Saudi date exports grow 13.7% in Q1 2024 over the same period of last year

Saudi date exports grow 13.7% in Q1 2024 over the same period of last year

May 13, 2024

Several countries witnessed an impressive increase in imports of Saudi dates, with some exceeding 100% growth compared to Q1 2023, such as Austria, Norway, Argentina, Brazil, Portugal, Germany, and Canada

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Saudi EXIM Bank signs with SNB two agreements to increase non-oil exports

Saudi EXIM Bank signs with SNB two agreements to increase non-oil exports

May 13, 2024

These efforts aim to boost Saudi non-oil exports, providing credit products, insurance, and financing solutions to enhance their competitiveness globally, aligning with Saudi Vision 2030 objectives

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Qatar-Korea trade surges to over $17bln: Ambassador

Qatar-Korea trade surges to over $17bln: Ambassador

May 13, 2024

Trade volumes surged from a modest $4mln in 1974 to an impressive $17.1bln in 2022, reflecting the robust economic partnership between the two countries

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