Saudi Arabia and Italy plan direct flights in diplomatic expansion
Relations between Saudi Arabia and Italy are witnessing steady growth, with the trade volume between the two countries reaching 966 million euro in the first half of 2025...
Tag : GCC
IF Insights: Rachel Reeves eyes fast trade agreement with Gulf nations
Britain estimated that a GCC trade deal would contribute 1.6 billion pounds a year to British economic output, or 0.06% of annual GDP...
Saudi asset management industry hits new high
In October 2024, an earlier report by Fitch noted that growth in 2025 would be further supported by a rising number of high-net-worth individuals seeking asset management services within the Kingdom...
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...
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...