Amid geopolitical volatilities, Jordan’s tourism sector sees 7% revenue jump
Jordan’s tourism sector has exceeded its 2024 targets for visitor numbers and revenue under the country's Economic Modernisation Vision...
Tag : Gulf Cooperation Council
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...
Airports in Abu Dhabi experience 40% surge in travellers
Regarding aircraft traffic, Abu Dhabi's airports experienced significant increases in 2023...
Qatar banks shine, record 8% profit growth in GCC: KPMG report
According to the KPMG report, Qatar National Bank has maintained its position as the largest bank in the GCC, with assets worth USD 338 billion...
Kuwait’s corporate tax revolution: Phasing out by 2025
At the moment, only international businesses operating in Kuwait are liable to pay taxes on their income from capital gains and profits...
Middle Eastern sovereign wealth funds poised for success: Global SWF
The estimated $10.6 trillion in sovereign wealth funds in 2022 is predicted to increase to USD 12.6 trillion by 2025 and USD 17.3 trillion by 2030...
Ramadan 2023: UAE residents might save up to 70% on groceries despite price rise
Al Maya Supermarket has prepared several deals and promotions to assist customers in getting ready for the holy season of Ramadan...
Price competition eroding UAE insurers’ profitability?
AM Best said that the future outlook for the UAE market, as well as its correspondents in Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, remains stable...