UAE-Bahrain trade leaps 75% to reach $672 mn in Q2 2021
The trade between the GCC and Bahrain reached a total value of $1.69 bn in Q2 2021...
Tag : GCC
GCC economy first-quarter net profit reaches $40 bn
The earning during this quarter grew by 4.4%, as compared to 2019...
Oman implements 5% VAT
Oman becomes the fourth GCC country to introduce VAT...
GCC establish economic diversification amid Covid-19
Oil and gas production continues to represent over 40 percent of GDP in most of the economies...
GCC to see a GDP growth of 2.5% during 2021-23: S&P
S&P predicts average Brent oil price of $60 in 2021 and 2022 and $55 in 2023...
NCB to raise more funds through dollar-denominated sukuk
NCB said that the number and value of any sukuk to be offered will be determined based on market conditions...
When will the GCC economy fully recover?
Recovery is expected to be gradual, especially with downside pressures due to tax hikes, spending cuts and weak oil prices...
What the pandemic means for Saudi banks
SAMA has injected $13.3 billion capital into the banking industry in the wake of economic challenges...
Middle East energy investments to see sharp decline to $792 bn
Thee sector will see a $173 mn decline during the period between 2020 and 2024...
GCC nations to face the worst economic crisis in history, warns IIF
GDP of GCC nations to contract 4.4% this year...