Other Briefings
UK Rolls Out Two-Year Multiple Entry Visa Scheme to Gulf, Jordanian Citizens
The UK has expanded a two-year multiple-entry visa scheme to citizens of Bahrain, Kuwait, Oman, the United Arab Emirates (UAE), Saudi Arabia, and Jordan.
UAE Economic Outlook 2024: Resilience, Growth, and Strategic Initiatives
UAE’s central bank predicts a 5.7% GDP growth for the country in 2024, supported by the performance of key non-oil sectors like real estate, tourism, and transportation.
Red Sea Shipping Disruptions: Challenges and Opportunities for Arab Logistics
The Red Sea shipping disruptions caused by Yemen’s Houthi militants pose challenges but also unveil opportunities for the logistics sector in the Middle East.
Malaysia and UAE Ramp Up Collaboration on Data Center Development
The UAE and Malaysia have signed an MoU to advance investment cooperation on digital infrastructure, including data center and AI assets.
Gulf Mercantile Exchange Established After Saudi Tadawul Group Acquires Stakes in Dubai Mercantile Exchange
Saudi Tadawul Group (STG) has signed a binding agreement with existing shareholders of DME Holdings Limited to acquire a 32.6 percent stake in Dubai Mercantile Exchange (DME), one of the leading international commodities exchanges.
Saudi Arabia’s SABIC to Establish a US$6.4 Billion China Petrochemical Complex
On January 21, 2024, Saudi Basic Industries Corporation (SABIC) announced its final investment decision to construct a petrochemical complex in China’s southeastern Fujian province.
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.
