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GCC-US trade hits $93.6 billion in 2023, but investment flows show mixed signals

According to the Statistical Centre of the Cooperation Council for the Arab States of the Gulf, the GCC exported goods worth $57.5 billion to...

Crypto’s No. 2 token Ether, posts best week since 2021 amid trade thaw, tech optimism

Ether surged nearly 33% this week, marking its strongest rally in over three years, as easing global trade tensions and a major network upgrade boosted investor confidence in the digital asset market.

U.S. Dollar on the course for worst two-month slide since 2002

After a turbulent March and April, the dollar was set to fall 7.7%, marking its biggest two-month drop since May 2002. Although the dollar...

Online job scams on the rise in GCC: Report

Cybercriminals posing as HR managers from high end fashion brands are luring victims to download fraudulent files with the intent to steal credentials for...

Oman plans to reduce restrictions on FDI, says OIA President

The Oman Investment Authority is preparing to exit more than five investments in different sectors through IPOs or direct sale to strategic buyers in 2023. These sectors include energy, aviation, manufacturing, tourism and ICT.

Oman Qatar Insurance Company’s capital rises to OMR 30 million after Vision Insurance merger

Capital Market Authority has approved the resolution of the extraordinary general meeting of Vision Insurance to dissolve the company and merge with OQIC.

First phase of sustainability city in Oman’s Yiti set to complete in 2025

Embarking on a significant path towards achieving net zero emissions, The Sustainable City – Yiti announced the much-anticipated launch of property sales for phase...

‘Middle East’s travel and tourism booming’

According to officials, nearly 40,000 people attended the recently concluded Arabian Travel Market.

Sounding the Bell for a sustainable future in aviation

Bell now has an installed base of approximately 13,000 helicopters and offers a full suite of post-sales support and services, through a network of six Bell-operated service centers and 100 independent service centers.

UAE’s property prices, rents to continue to rise in 2023

The optimistic market sentiment can be attributed to the influence of new government programmes and wider economic growth, creating a positive market outlook.

Emirates set for exceptionally good annual earnings: Sir Timothy Clark

According to Sir Timothy Clark, President of Emirates Airline, demand will continue to be as robust as it has been recently, and the leisure and hospitality sectors will see a big uptick in the next five to 10 years.

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National Life and General Insurance Company: Delivering value beyond insurance to customers

Oman’s largest insurer NLGIC is on course to become a regional multi-line, multi-country giant delivering value beyond insurance to the customers.

AI central to UAE’s economic diversification, says COP28 President-Designate

AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.

Economic growth in GCC to more than halve in 2023: World Bank report

However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.

KitchenomiKs aims to transform on-demand food economy in Oman

KitchenomiKs cooks up dainty on-demand delicacies, tossing in emerging technologies, yummy multi-brand choices and seamless delivery.

Real estate sector in GCC experiencing ‘profound transformation’: Expert

The real estate sector in the GCC region is...
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