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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Oman: Over 135,000 companies exist only on paper

Oman: Over 135,000 companies exist only on paper

Feb 06, 2025

H E Baowain highlighted the Ministry of Labour’s efforts between 2021 and 2023 to retain jobs for Omani nationals

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Saudi-GCC non-oil commodity exports soar to $2.5bln

Saudi-GCC non-oil commodity exports soar to $2.5bln

Feb 06, 2025

The Saudi non-oil trade balance recorded a surplus with the GCC states amounting to SAR3.718 billion, bringing the total to SAR3.805 billion

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Saudi Arabia's non-oil private sector grows at decade-high pace in Jan, PMI shows

Saudi Arabia's non-oil private sector grows at decade-high pace in Jan, PMI shows

Feb 05, 2025

The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index rose to 60.5 last month from 58.4 in December, marking its highest level since September 2014

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Kuwaiti workforce in private sector falls, unemployment hits 33,307

Kuwaiti workforce in private sector falls, unemployment hits 33,307

Feb 05, 2025

As of the end of December 2024, there were 39,418 Kuwaiti men and 31,338 Kuwaiti women in the private sector

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Bahrain: Key deal to develop corporate credit rating system

Bahrain: Key deal to develop corporate credit rating system

Feb 05, 2025

The aim is to provide accurate and transparent credit ratings for businesses in Bahrain, facilitating faster access to finance for small and medium enterprises (SMEs) and boosting investment

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Kuwait may soon be allowed to raise debt after eight-year hiatus: Report

Kuwait may soon be allowed to raise debt after eight-year hiatus: Report

Feb 04, 2025

The law will likely approve raising $65bln over the next 50 years

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Oman’s new investment court: Pioneering legal reform to attract global investors

Oman’s new investment court: Pioneering legal reform to attract global investors

Feb 04, 2025

Oman’s initiative draws on such successful models while tailoring the approach to its unique legal and economic landscape

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Non-oil activities account for 52% of Saudi Arabia’s GDP in 2024, says finance minister

Non-oil activities account for 52% of Saudi Arabia’s GDP in 2024, says finance minister

Feb 04, 2025

The minister noted Saudi Arabia’s strong financial position, citing its low debt-to-GDP ratio

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Fitch affirms Saudi Arabia’s Credit Rating at ‘A+’ with a Stable Outlook

Fitch affirms Saudi Arabia’s Credit Rating at ‘A+’ with a Stable Outlook

Feb 03, 2025

Fitch projects that the Sovereign Net Foreign Assets will reach 63.7% of gross domestic product (GDP) in 2024-2025

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