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
EconomyFeaturedGCC to see a GDP growth of 2.5% during 2021-23: S&PPritam BordoloiMarch 17, 2021 by Pritam BordoloiMarch 17, 2021 S&P predicts average Brent oil price of $60 in 2021 and 2022 and $55 in 2023... Read more
FeaturedIslamic BankingNCB to raise more funds through dollar-denominated sukukPritam BordoloiJanuary 18, 2021 by Pritam BordoloiJanuary 18, 2021 NCB said that the number and value of any sukuk to be offered will be determined based on market conditions... Read more
EconomyMagazineWhen will the GCC economy fully recover?WebAdminDecember 15, 2020January 8, 2021 by WebAdminDecember 15, 2020January 8, 2021 Recovery is expected to be gradual, especially with downside pressures due to tax hikes, spending cuts and weak oil prices... Read more
coverstoryMagazineWhat the pandemic means for Saudi banksWebAdminJuly 22, 2020July 23, 2020 by WebAdminJuly 22, 2020July 23, 2020 SAMA has injected $13.3 billion capital into the banking industry in the wake of economic challenges... Read more
FeaturedOil & GasMiddle East energy investments to see sharp decline to $792 bnInternational Finance Business DeskJune 16, 2020June 16, 2020 by International Finance Business DeskJune 16, 2020June 16, 2020 Thee sector will see a $173 mn decline during the period between 2020 and 2024... Read more