back to top

Market

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...

Building the dreams

In the dynamic landscape of the Middle East, Oman stands testament to relentless economic growth and development. What lies at the heart of the...

GCC investors eye UK residential sector amid demographic shifts

According to Rashid Khan-Gandapur, Director of Real Estate Finance at BLME, investors from the GCC are increasingly looking to diversify their portfolios by investing...

Foreign investors offload nearly $1 billion in Indian equities post-budget tax hike

Foreign portfolio investors (FPIs) have offloaded approximately 81.06 billion rupees ($968 million) in Indian equities due to the government's budgetary changes, which increased taxes...

Qatar Airways hikes 777-9 agreement to include another 20 jets

Farnborough, UK – On the second day of the Farnborough International Airshow 2024, the World’s Best Airline announced that its significant order of Boeing...

India ranks third globally in forest area gains: FAO Report

A new report by the Food and Agriculture Organisation (FAO), released on July 22, reveals that India has substantially expanded its forest cover, adding...

IRENA warns global renewable energy growth lagging behind 2030 targets

The International Renewable Energy Agency (IRENA) has issued a stark warning: the current pace of renewable energy growth is insufficient to meet the ambitious global targets set for 2030.

Saudi Arabia raises retirement age to 65

However, the General Organization for Social Insurance, has clarified that the new Social Insurance Law will apply only to new employees joining the workforces in the public and private sectors who do not have any prior contribution periods in the current Civil Pension or Social Insurance Laws.

Dubai real estate hits record-breaking sales in May

Dubai’s real estate market in May achieved 17,139 sales transactions, surpassing the previous high set in April 2009 by over 20 per cent.

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...
spot_img