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Saudia tops Kingdom’s airlines in May for passenger satisfaction and resolution: GACA
Saudi Arabia’s flagship carrier, Saudia, registered the fewest complaints among the Kingdom’s airlines and documented a 95 percent resolution rate, according to official data.
In its May rankings of air transport service providers and…
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Oman’s capital market draws 135 nationalities; foreign investments up 19%: MSX data
Oman’s capital market has attracted investors from 135 nationalities, up from 67 in 2023, supported by favorable policies including low tax rates and flexible capital transfer options.
Newly released statistics from the Muscat Stock…
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Gulf economies set to flourish on oil output increase, interest rate cuts
Growth of the Gulf economies is projected to pick up from September thanks to anticipated interest rate cuts and an increase in oil output, according to new data.
In its latest Middle East and North Africa Gross Domestic Product report,…
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SAMA’s new initiatives propel KSA’s financial landscape forward
As Saudi Arabia strides forward with its Vision 2030 objectives, the Kingdom’s central bank is at the forefront, driving a host of pivotal initiatives and greenlighting various enterprises in 2024. These actions reaffirm the nation’s…
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Saudi Arabia’s M&A volume hits $955m in Q1, fueled by chemicals sector
Saudi Arabia led the Middle East in mergers and acquisitions in the chemicals sector in the first quarter of 2024, with $500 million worth of deals, according to recent data.
Figures from financial markets platform Dealogic showed that…
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Middle East has 1,400 GW of offshore wind potential: GWEC
Significant investment is needed to unlock the potential 1,400 gigawatts of offshore wind energy in the Middle East and North Africa, an analysis has found.
In its latest report, the Global Wind Energy Council said Saudi Arabia, Morocco,…
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Saudi Arabia among leading GCC nations in Global Energy Transition Rankings: WEF Report
Saudi Arabia has secured the third position among the Gulf nations in a global Energy Transition Index, according to the latest findings released by the World Economic Forum.
The report, titled “Fostering Effective Energy Transition…
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Saudi Arabia leads emerging markets in bond issuance, surpassing China
Saudi Arabia has emerged as the top issuer of international bonds among emerging markets, surpassing China with $33.2 billion in bond sales to date, according to a new report.
This marks the first time in 12 years that China has been…
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Fossil fuel use, emissions hit records in 2023, report says
Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels’ share of the global energy mix decreased slightly on the year, the industry’s Statistical Review of World Energy report said on Thursday,…
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Kuwait’s Al-Zour Refinery’s output hits 615k bpd
The fully operational output of Kuwait’s Al-Zour Refinery has reached 615,000 barrels per day, in line with the country’s plan to boost oil refining capacity.
The facility’s daily output, which is the cornerstone of the state-run Kuwait…
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