World Bank sees improved MENAAP growth
The World Bank projected the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region to record growth…
Browsing Tag
GCC
Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end
Fitch Ratings expects ASEAN’s Islamic finance industry, valued at nearly $950 billion in mid-2025, to exceed $1…
Fitch warns Israel-Iran conflict may weigh on ME sovereign credit profiles
The ongoing Iran-Israel military conflict has heightened regional security risks, with Fitch Ratings warning that a…
Egypt’s EDA holds strategic talks with Pi Pharma
The Egyptian Drug Authority (EDA) chairman Ali El-Ghamrawy held a meeting with the CEO of Pi Pharma Intelligence…
Fitch Ratings: Qatar’s DCM to remain stable amid debt repayment
Qatar’s debt capital market (DCM) is set to remain stable as the government continues to repay debt, Fitch Ratings…
Turkey seeks to finalise GCC trade pact by year-end
Turkey is pushing to complete negotiations for a free trade agreement (FTA) with the Gulf Cooperation Council (GCC)…
Fitch: GCC banks show ‘strong appetite’ for Egyptian market
Gulf Cooperation Council (GCC) banks are showing “a strong appetite” to expand their presence in key regional…
2023 revenue soars 40.0% y-o-y – Markaz
Kuwait Financial Centre, Markaz, announced on Sunday a rise in total revenue to KD 26.32 million in 2023 from KD…
GCC ministers approve unified tourist visa
The GCC states approved a unified Gulf tourist visa, said GCC interior ministers in a meeting in Muscat on…
Egypt’s based Buguard raises $500K in seed funding round
Egypt-based cybersecurity and dark web monitoring firm Buguard raised $500,000 in a seed funding round, according…
Japanese companies to expand projects in KSA – Kishida
Fumio Kishida, the Japanese Prime Minister, said that there are 110 Japanese companies operating in Saudi Arabia,…
Fitch Solutions expects GCC economy to grow 1.9% in 2023
Fitch Solutions expected on Tuesday that the economy of the Gulf countries will grow by 1.9 percent this year,…
Qatar sees ‘small progress’ in resolving Gulf dispute, still believes in GCC
There has been small progress in resolving a bitter dispute between Qatar and some of its neighbors, the Gulf…
GCC, Egypt executives agree on multi-cloud computing business potential
C-level executives and business leaders in the GCC and Egypt overwhelmingly agree on cloud computing’s positive and…
Russian visitors to the Gulf seen 38% surge by 2020
The number of Russian tourists travelling to the Gulf Cooperation Council states in 2020 is expected to be 38…
Qatar-Egypt trade exchange rises 3.4% in first nine months of 2017
The volume of trade exchange between Egypt and Qatar rose by 3.4 percent, reaching around $1.346 billion during the…
Dubai establishes the first smart recyclying centre in GCC
Averda and the Municipality of Dubai have opened up today the first Smart Recycling Centre in Dubai, the first…
BoA Merrill Lynch holds Egypt at ‘Marketweight’
Bank of America Merrill Lynch said Sunday it would hold Egypt at Marketweight as lower oil prices ease fiscal…
Kuwait backs alliances against Islamic State, no troops though
Kuwait backs international efforts against hardline Islamist groups in Iraq and Syria although the Gulf Arab…
Bahrain says ready to commit ground forces to Syria
Bahrain is ready to commit ground troops to Syria as part of a US-led coalition against Islamic State group, the…
Saudi King calls for Syria, Yemen solutions at Gulf Summit
Saudi King Salman called for political solutions to the wars in Syria and Yemen, while condemning "terrorism," at…
Kerry in Qatar to assure Gulf allies over Iran deal
US Secretary of State John Kerry meets his Gulf Arab counterparts for talks in Qatar Monday as he attempts to ease…
GCC, Egyptian Investors Request North Coast Land: Official
The Tourism Development Authority (TDA) has received 14 requests from Egyptian, Emirati and Saudi investors…
GCC Secretary-General Denies Criticising Egypt, Blames Media
The secretary-general of the Gulf Cooperation Council has denied that he criticised statements made by an Egyptian…
Enough GCC Aid will be Made Available: Merrill Lynch
The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt. Tightened liquidity…
GCC to Reiterate Support for ‘Egyptian People’s Choice’
The Gulf Cooperation Council (GCC) is to reiterate its full and determined support for Egypt's interim authorities.…
GCC to Inject New Investments worth $10 bln in Egypt by 2014
The upcoming year will witness the launch of new Gulf investments to Egypt with values exceeding US$ 10 billion in…
Kuwait Tries to Ease Saudi-Qatar Tensions over Egypt
Kuwait is trying to ease tensions between Saudi Arabia and Qatar after the overthrow of Doha-backed Islamist…
Egypt’s Exports Of Potato Hit EGP284 Mln Last May
Egypt's exports of potato crop recorded as to EGP 284 million throughout the period January-May 2013 rose by EGP 60…
Saudi Arabia, Egypt Sign $1.6bn Power Deal
Saudi Arabia and Egypt yesterday signed a six billion riyal ($1.6bn) agreement to link their electricity grids, a…
Commercial Banks’ Islamic Banking Assets In GCC Hit EGP US$445 Bln At End-2012
According to estimates by Ernst & Young’s Global Islamic Banking Center, Islamic banking assets with commercial…
Islamic Finance Vital To Boost Africa Growth
Over the last decade, trade between African countries and the rest of the world has grown significantly and, in…
IMF’s Lagarde Says Team’s Visit to Egypt Has ‘No Preconditions’
International Monetary Fund Managing Director Christine Lagarde said on Saturday there are no preconditions for the…
Maridive Bids For 10 Tenders In India, GCC
Emad Fawzy, Vice Chairman & CFO of Maridive & Oil Services (MOS) announced that his company submitted bids…
Islamic Finance Sector Seen To Reach $2 Trillion By 2015
The $1 trillion global Islamic finance industry is set to double in size between 2011 and 2015, recording an annual…
GCC ‘Must Reduce Oil Revenue Dependency’
Bahrain needs to maintain its power as the financial centre of the Middle East in order to become completely…
Ringgit Sukuk Potential Big
Several recent landmark corporate and infrastructure sukuk by companies in the GCC issuing in Malaysian ringgit may…
GCC meet on banking
The Sultanate will take part tomorrow in the 55th meeting of the GCC Governors of Monetary Institutions and Central…
HSBC Saudi Arabia Launches New GCC Equity Income Fund
The fund is an open-ended Islamic Shariah compliant fund which aims to achieve capital growth and providing income,…
GCC To Reap Record Oil Revenues Of $ 572 Bn
Gulf economies now appear fairly firmly on track for historically high surpluses, according to a new report from…