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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...

Russia surpasses Saudi Arabia as top oil exporter to China despite Western sanctions

Despite facing Western sanctions since the Ukraine crisis in 2022, Russia has emerged triumphant, overtaking Saudi Arabia as China's largest oil exporter in 2023.

China’s population decline for the second consecutive year spells economic challenges

In the wake of a record low birth rate and the devastating impacts of COVID-19, China's population witnesses a second consecutive year of decline, posing profound long-term consequences on the nation's economic growth.

Dubai unveils Dh150 million fund to boost content creators and influencers

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has unleashed a financial powerhouse of Dh150 million ($40.8 million) dedicated to empowering content creators and influencers.

Oman grants payment service provider licence to two top firms

The Central Bank of Oman (CBO) announces the granting of Payment Service Provider (PSP) license to two non-banking financial entities (fintech companies)

Sanofi sponsors Paris Olympics, aims to revamp image and attract new talent

As the anticipation for the 2024 Paris Olympic Games intensifies, pharmaceutical giant Sanofi strategically positions itself as a key sponsor, seeking to break away from its traditional image and entice fresh talent while amplifying its brand perception.

World Bank anticipates remarkable economic boom in Oman

The Sultanate of Oman receives a positive economic prognosis as the World Bank raises its growth forecast to 2.7% for this year, a significant leap from the previous year's 1.4% rate in 2023.

U.S. regulators on the brink of Bitcoin ETF decision

The cryptocurrency sphere is abuzz as U.S. regulators teeter on the edge of a monumental decision regarding bitcoin exchange-traded funds (ETFs)

SMEs in MENA concerned about rising cost of doing business

More than half of SMEs surveyed in MENA are concerned about the rising cost of doing business, and 46% are unsure about retaining staff.

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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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