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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...

Oman’s Ahli Bank rejects merger offer from Bank Dhofar

On Tuesday, both the banks had confirmed about the merger talks which would have created an entity with more than $19 billion in assets

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.

Oman repays $1.5bn loan ahead of schedule

Oman has repaid $1.5 billion – part of the government loans before their maturity date. In a statement issued, the country’s finance ministry said the...

Pepsi unveils new logo with an eye on future

The new logo will mark the brand’s next era with an eye toward the future.

Dubai Business Women Council holds board members meeting to discuss upcoming projects

Dubai Business Women Council is the UAE’s leading platform for the personal and professional development of business women in the Emirate of Dubai.

Agility announces $1.65 billion award in Korek arbitration

The ICC award holds that Korek and Barzani are jointly and severally liable, and awards damages to IH and IT of $1.65 billion. 

UAE’s ADIA invests $500 mn in India’s eyewear startup Lenskart

Sources informed Business Plus that AIDA has nailed a 10% stake at a valuation of $4.2 billion.

MENA on a hiring spree in 2023, says survey

Recruitment in the next three months and the banking industry to absorb national talent (32%) while advertising/marketing/public relations want fresh graduates (32%) or female talent (37%)

Don't miss

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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