Browsing Category
Business
Oman’s foreign reserves increase by 9% in May
Oman’s foreign assets reached 7.37 billion Omani rials ($19.1 billion) by the end of May, reflecting a 9 percent increase from the previous year and indicating economic growth and stability.
This surge underscores a solid buildup of…
Read More...
Read More...
Saudi Arabia’s non-oil merchandise exports to GCC reach $2.9bn
Saudi Arabia’s total non-oil merchandise exports to Gulf Cooperation Council countries reached SR10.99 billion ($2.9 billion) in May, a significant increase from SR8.43 billion in the same month last year.
According to preliminary data…
Read More...
Read More...
Qatar exports rise 9.9% in June: official data
Qatar experienced a significant boost in its export figures in June, largely driven by petroleum gases and other gaseous hydrocarbons, recording a 9.9 percent increase compared to the same month the previous year.
Total exports reached…
Read More...
Read More...
Saudi exports to South Korea surged 36 percent to $2.75bn in May
Saudi Arabia’s trade with South Korea remains strong, with exports from the Kingdom increasing 36.19 percent year-on-year to SR10.31 billion ($2.75 billion) in May, official data showed.
It was the second-largest destination for Saudi…
Read More...
Read More...
Bahrain opens registration for Saudi companies in its Takamul program
Saudi enterprises are poised to benefit from Bahrain’s Local Value-Added Program, Takamul, as the latter opens registration to Kingdom’s companies.
This initiative is part of Bahrain’s Industry Sector Strategic Initiatives 2022-2026,…
Read More...
Read More...
Egypt’s net foreign assets positive for second month in June
Egypt’s net foreign assets stayed positive for a second straight month in June having been deeply negative for more than two years, central bank data showed.
NFAs slid to 626.6 billion Egyptian pounds in June from 676.4 billion pounds as…
Read More...
Read More...
Qiddiya giga-project set to propel Saudi Arabia’s entertainment sector
The cultural landscape of Saudi Arabia is being enriched as the entertainment sector undergoes significant expansion.
The ambitious Saudi Vision 2030, which strives to diversify the economy and increase global engagement, is the driving…
Read More...
Read More...
Saudi Aramco’s expansion strategy providing fuel for Vision 2030
Saudi oil giant Aramco’s robust integrated expansion strategy is helping to drive forward the Kingdom’s Vision 2030 economic diversification plan while it balances sustainability concerns, experts have said.
Situated at the heart of…
Read More...
Read More...
GCC investors expected to spend over $4bn annually in UK commercial property market: BLME
Gulf Cooperation Council-based investors are expected to commit over $4 billion annually in the UK commercial property market due to favorable economic conditions, according to a new report.
An analysis by the UK-based Shariah-compliant…
Read More...
Read More...
Dubai’s residential property sales surge more than 33%, reports brokerage firm
Dubai’s residential property sales saw a 33.5 percent annual increase in the first half of 2024 with 77,233 transactions, according to a top brokerage company.
The Gulf metropolis also recorded a total sales value of 227 billion dinars…
Read More...
Read More...