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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...

Arabian Travel Market sees 27% rise in participation

His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, has officially inaugurated Arabian Travel Market marking the start of the 30th edition of the Middle East’s largest travel and tourism exhibition.

Arabian Travel Market opens doors to 34,000 visitors

30th edition of ATM to host over 2,000 exhibitors and an anticipated 34,000 attendees, with representation from more than 150 countries.

Arabian Travel Market to welcome over 2,000 exhibitors, representatives from more than 150 countries

Exhibitor participation in ATM 2023 has risen by 27% compared to last year’s event.

Bank Muscat posts net profit of RO 51.30 million for Q1 2023

Bank Muscat posted a net profit of RO 51.30 million for the period compared to RO 48.26 million reported during the same period in 2022, an increase of 6.3 per cent.

Dubai court orders KPMG to pay investors $231 million over Abraaj fund audit

The award is one of the largest ever against an accounting firm.

Oman’s EDO reduces borrowing costs on $2.5b loan

The move sets a new benchmark for EDO and represents a significant saving for the company.

Eid Al Fitr: Oman announces 5-day holiday, early salary

Both public and private sector employees will get a five-day weekend starting from Thursday, April 20.

UAE’s GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed

UAE's foreign trade jumped from AED415 billion to AED2,200 billion, and the GDP doubled to reach AED1,800 billion in the same period.

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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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