Other Briefings
Ducab India and Emirates NBD Ink First Bilateral Partnership for Mutual Economic Growth
The India branch of leading energy solutions provider and manufacturer based in the UAE, Ducab Group, has entered a partnership with Emirates NBD, a prominent banking group in the Middle East, North Africa, and Türkiye (MENAT) Region.
Oman Launches New Investment Fund to Boost FDI and Investment in SMEs
To boost private sector and SME investments, Oman’s sovereign wealth fund has launched a US$5.2 billion new investment fund. This is in keeping with a general trend in GCC states.
Empowering Qatar’s Private Sector: A Roadmap for 2024-2030 Development
By Arendse Huld Qatar will seek to move from a government-led economy to a private sector-led economy under its new national development strategy.
China Construction Bank Lists US$600 Million Green Bond on Nasdaq Dubai
China Construction Bank’s (DIFC Branch) listing of a US$600 million green bond on Nasdaq Dubai is a significant commitment to sustainable financing.
GCC Countries 2024 Economic Outlook and Growth Trends
In 2024, the GCC anticipates robust economic growth, led by the UAE and Saudi Arabia, with the World Bank highlighting positive trends and the rebound from slower 2023 performance.
GCC-South Korea Free Trade Agreement to Eliminate Almost 90% of Tariffs
On December 28, 2023, the Gulf Cooperation Council (GCC) and South Korea signed a joint statement committing to a free trade agreement (FTA).
China’s High-Net-Worth Individuals Flock to Dubai in Search of New Lucrative Business Opportunities
China’s high-net-worth individuals (HNWI) are attracted by the favorable policies and stable political and economic environment in Dubai.
China’s Rongsheng Petrochemical and Saudi Aramco Forge Closer Energy Ties with New MoU
Discussions are ongoing between Saudi Aramco and China’s Rongsheng Petrochemical regarding their mutual intent to acquire ownership stakes in each other’s subsidiary entities.
The UAE F&B Market: Opportunities for Businesses
The UAE’s F&B market, the Gulf’s second-largest after Saudi Arabia, thrives on consumption driven by an affluent local population, large expat presence, and the country’s role as a regional commercial hub attracting millions of global visitors yearly.
Delays Anticipated to Oman-India FTA Over Duty Concessions on Petrochem Products
Customs duty concessions on petrochemical products, utilized heavily in the plastics industry, are raising concerns among Indian stakeholders.
