Gulf Cooperation Council Archives

Middle East tensions: Fitch issues outlook for sukuk issuances

IFM CorrespondentMarch 18, 2026

by IFM CorrespondentMarch 18, 2026

While about 84% of Fitch-rated sukuk in the GCC countries were rated investment grade, 63.2% was in the ‘A’ category, while 90% of issuers were on Stable Outlooks...

Economy Featured

Amid geopolitical volatilities, Jordan’s tourism sector sees 7% revenue jump

IFM CorrespondentDecember 17, 2025

by IFM CorrespondentDecember 17, 2025

Jordan’s tourism sector has exceeded its 2024 targets for visitor numbers and revenue under the country's Economic Modernisation Vision...

Business Leaders Featured

Most Gulf-based business leaders confident of growth despite challenges

IFM CorrespondentSeptember 13, 2024

by IFM CorrespondentSeptember 13, 2024

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...

Banking Featured

Gulf banks see record profits as region’s net interest income increases

IFM CorrespondentSeptember 3, 2024

by IFM CorrespondentSeptember 3, 2024

With a 6.3% increase in net interest income to USD 2.5 billion, Kuwaiti banks led this growth...

Featured Trading

UAE hopes to reactivate trade talks with European Union in 2024

IFM CorrespondentJuly 30, 2024

by IFM CorrespondentJuly 30, 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...