Qatar’s banking assets touch $596bln in February: QNBFS Dubai Holding Real Estate, ENBD partner to offer financing for key projects Ajman DED issues 1,617 new licences, renews 8,777 in Q1 Saudi: SFDA begins classifying fines according to size of establishment in bid to support MSMEs Burjeel Holdings strengthens growth outlook Saudi Arabia raises its oil price for Asia Dubai's ruler via "X": Whoever bets on the UAE is betting on growth, prosperity, and a better future Saudi Crown Prince, UAE president affirm GCC commitment to support regional security Mohammed bin Rashid issues Decree on Central Grievances Committee for Dubai Government employees Saudi Arabia updates Nitaqat Saudization calculation through Qiwa contracts Medcare launches its second hospital in Sharjah Iraqi-UAE consortium plans $700mln fast data cable network Kuwait oil price up $1.22 to $66.40 pb GCC businesses to maintain strong credit profiles in 2026: S&P Saudi, US firms to partner on northeast Syria energy project Saudi: Al-Khateeb says tourism GDP target doubled to $160bln as private sector urged to scale up investment ADNIC: Strong economy helps insurer deliver positive performance Saudi Arabia, Spain agree for cooperation in civil aviation and modern transportation modes UAE World’s Coolest Winter campaign generates $3.4bln in hotel revenues Qatar, Germany sign agreement to launch innovation hub in Doha Kuwait’s real estate sees shift in investor behavior Abu Dhabi's Aldar, Mubadala form $2.7bln luxury retail joint venture Ras Al Khaimah seeks investments from China and Hong Kong in real estate, green sectors QatarEnergy signs long-term helium sales agreement with Air Liquide Oman, Kuwait fund sign $32.2mln financing deal for Duqm roads project Kuwait scraps oil tenders worth $10bln after bids exceed budget Qatar successfully conducts self-driving Robotaxi public trials at Old Doha Port Dubai's Emirates NBD posts net profit rise in 2025 driven by record lending growth Saudi ministry recalls 1,778 BAIC BJ40 vehicles due to a defective brake system Oman signs power deals with Qatar's Nebras and Korea Western Power worth $2.6bln

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Kuwait: Amb. Al-Zain Al-Sabah, KPC CEO discuss strategic ties with US Interior Secretary

Kuwait: Amb. Al-Zain Al-Sabah, KPC CEO discuss strategic ties with US Interior Secretary

May 22, 2025

The Kuwaiti embassy also said it hosted a roundtable discussion with Sheikh Nawaf Al-Sabah later today in cooperation with the Washington-based Atlantic Council think tank

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Kuwait oil price up 49 cents to $64.66 pb

Kuwait oil price up 49 cents to $64.66 pb

May 21, 2025

The price of Brent crude and West Texas Intermediate globally went up each by 13 and 20 cents, reaching respectively USD 65.54 per barrel and USD 62.69 pb

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Dubai: New decision to protect public employees who report financial or administrative violations

Dubai: New decision to protect public employees who report financial or administrative violations

May 21, 2025

The Decision is issued pursuant to Law No. (4) of 2018 on the establishment of the Financial Audit Authority and its amendments

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Saudi Arabia ready for multiple oil price scenarios, economy minister says

Saudi Arabia ready for multiple oil price scenarios, economy minister says

May 21, 2025

The International Monetary Fund and economists estimate Riyadh needs oil prices of over $90 a barrel to balance its budget

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Qatar Financial Information Unit and Libyan counterpart sign deal to boost cooperation

Qatar Financial Information Unit and Libyan counterpart sign deal to boost cooperation

May 21, 2025

The MoU underscores both parties’ shared commitment to international standards, particularly the recommendations of the Financial Action Task Force

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Kuwait crude oil gain $1.97 Wed. to v64.05 pb - KPC

Kuwait crude oil gain $1.97 Wed. to v64.05 pb - KPC

May 20, 2025

Brent futures dropped USD 1.03 to USD 61.12 pb and West Texas Intermediate lost USD 1.02 to USD 58.07 pb

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Saudi Arabia and Turkey to enhance bilateral cooperation

Saudi Arabia and Turkey to enhance bilateral cooperation

May 20, 2025

They also discussed major developments in the region

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Bahrain’s economy ‘witnesses solid growth in fourth quarter’

Bahrain’s economy ‘witnesses solid growth in fourth quarter’

May 20, 2025

Bahrain’s real Gross Domestic Product expanded by 3.4% year-on-year in Q4 2024

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Non-oil sources will generate 50% of Saudi Arabia's future revenues: Trump

Non-oil sources will generate 50% of Saudi Arabia's future revenues: Trump

May 19, 2025

Non-oil activities in Saudi Arabia have contributed 51% of real GDP in 2024: report

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