FeaturedIslamic FinanceGulf Payments Company: Facilitating cross-border payments in GCCIFM CorrespondentJune 5, 2023June 12, 2023 by IFM CorrespondentJune 5, 2023June 12, 2023 In 2016, due to the regional importance of cross-border payments, the Supreme Council of the GCC approved the establishment of the Gulf Payments Company... Read more
FeaturedMarketsGulf entrepreneurs laud growth of region’s startupsIFM CorrespondentMay 30, 2023 by IFM CorrespondentMay 30, 2023 Raed Ventures founding partner Omar Almajdouie said that investing in talent and professional skills enhanced entrepreneurs' skills and impact... Read more
EconomyMagazineMiddle East leading the way in COVID-19 recoveryIFM CorrespondentJuly 11, 2022July 11, 2022 by IFM CorrespondentJuly 11, 2022July 11, 2022 The Middle East’s economic recovery will continue to follow a mixed pattern given divergent growth strategies and policies across the region.... Read more
FeaturedIslamic BankingSharjah Islamic Bank launches its new SIB digital accountWebAdminAugust 17, 2021August 18, 2021 by WebAdminAugust 17, 2021August 18, 2021 Sharjah Islamic Bank launches its new SIB digital account... Read more
EconomyFeaturedOil, private sectors to boost GCC economic recovery in 2022WebAdminAugust 13, 2021 by WebAdminAugust 13, 2021 Regional countries will grow at the rate of 1.7% this year and 4.2% in 2022... Read more
EconomyFeaturedGCC economies to grow by 2.2% this year: World BankWebAdminAugust 6, 2021 by WebAdminAugust 6, 2021 In 2020, the GCC countries saw a GDP contraction of 4.8% due to Covid-19 pandemic and lower oil prices... Read more
EconomyFeaturedUAE-Bahrain trade leaps 75% to reach $672 mn in Q2 2021WebAdminJuly 19, 2021 by WebAdminJuly 19, 2021 The trade between the GCC and Bahrain reached a total value of $1.69 bn in Q2 2021... Read more
EconomyFeaturedGCC economy first-quarter net profit reaches $40 bnWebAdminJune 4, 2021June 7, 2021 by WebAdminJune 4, 2021June 7, 2021 The earning during this quarter grew by 4.4%, as compared to 2019... Read more
EconomyFeaturedOman implements 5% VATAshwini sekarApril 19, 2021 by Ashwini sekarApril 19, 2021 Oman becomes the fourth GCC country to introduce VAT... Read more
EconomyFeatureMagazineGCC establish economic diversification amid Covid-19WebAdminMarch 31, 2021April 8, 2021 by WebAdminMarch 31, 2021April 8, 2021 Oil and gas production continues to represent over 40 percent of GDP in most of the economies... Read more