GCC debt capital market surges 11% to USD 1 trillion in 2024: Fitch
Fitch expects the United States Federal Reserve to cut rates by 125 basis points to 3.5% by Q4 2025, with most GCC central banks likely to follow suit...
Tag : GCC
Saudi Arabia insurance sector set to see more M&As: Moody’s
The GCC insurance market is still fragmented, with about 190 competing insurance companies sharing a premium of almost USD 40 billion...
If oil stabilises below USD 70, what will it mean for Gulf markets?
Because oil is a significant export, there is still some correlation between oil prices and stock markets in the Gulf region...
Most Gulf-based business leaders confident of growth despite challenges
Most Gulf decision-makers are optimistic about the region's long-term prospects and believe it will establish itself as a significant hub for international business within the next 25 years...
Gulf banks see record profits as region’s net interest income increases
With a 6.3% increase in net interest income to USD 2.5 billion, Kuwaiti banks led this growth...
UAE hopes to reactivate trade talks with European Union in 2024
There is still no progress in the negotiations between the European Union and the Gulf Cooperation Council, an Arab bloc comprising Saudi Arabia and the UAE...
Emirates announces destinations for its new A350 fleet: Here are the details
Emirates will launch its first A350 to Bahrain on the daily EK839/840 route on September 15...
Qatar banks shine, record 8% profit growth in GCC: KPMG report
According to the KPMG report, Qatar National Bank has maintained its position as the largest bank in the GCC, with assets worth USD 338 billion...
Gaming gold rush in Gulf
The fact that mobile games are primarily supported by advertising is one reason why the MENA prefers them to PC and console gaming...
Kuwait’s corporate tax revolution: Phasing out by 2025
At the moment, only international businesses operating in Kuwait are liable to pay taxes on their income from capital gains and profits...