Go Green with GBO: China’s bold steps towards carbon neutrality
China has emerged from three years of COVID-19 confinement to volatile markets and escalating geopolitical tensions
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Qatar’s construction market to grow by 4.40% in 2024: Report
In Qatar, the residential real estate market experienced a boom due to the increase in foreign direct investments
Saudi Arabia’s international reserves reach 18-month high of USD 467.5 billion
Fitch Ratings announced in March that it had affirmed Saudi Arabia’s long-term foreign-currency issuer default rating at 'A+' with a stable outlook
Two collapsed Kenyan banks up for wind-up, liquidation activities
When bank failures in Kenya reached an all-time high, all nine of the troubled lenders were placed in liquidation, between 1993 and 2000
MENA Watch: Region’s economy stares at gloomy days ahead
Analysts predict that the real GDP growth for the MENA hydrocarbon exporters group will decrease from 6.7% in 2022 to roughly 3.5% in 2023–2024
Saudi Arabia supplies almost 40% of Japanese oil imports, says data
Japan PM Fumio Kishida emphasised the importance of Saudi Arabia continuing to play a key role in stabilising the global oil market, possibly through further
ING Bank aims for 4%-5% growth by 2027 despite rising costs
ING has stated that it will prioritize local scale in retail banking and develop wholesale banking as a separate pillar
Houthi activities on Red Sea: Oil transportation becomes time-consuming
Saudi Arabia and Iraq sent more crude oil to Europe via the Cape as opposed to the Red Sea and Suez Canal, making up 15%
Saudi Vision 2030: Kingdom & Gulf hospitality sector poised for massive growth
The rise is a result of Saudi Arabia's extensive aviation connectivity initiative, which added 148 new international destinations and 48% more connectivity in 2023
UAE banking sector sees USD 3.76 billion in new savings deposits in Q1 2024
At the end of March 2024, savings deposits in the banking sector reached AED AED28667 billion, indicating an 8.9 per cent increase compared to about