The UK’s New Trade Priorities and Investment Prospects in the Middle East
Under Prime Minister Keir Starmer and Business and Trade Secretary Jonathan Reynolds, the Labour government aims to make the UK the fastest-growing economy in the G20, with a strategic focus on expanding trade abroad to drive domestic economic growth.
India Pushes for Rupee-Dirham Trade Settlement to Reduce Dollar Dependence
India’s central bank has encouraged banks involved in transactions with the UAE to settle a portion of their trade payments directly in Indian rupees and Emirati dirhams.
Saudi Arabia and UAE Drive M&A Activity to US$10 Billion in H1 2024, Enhancing MENA’s Global Influence
In the first half of 2024, MENA M&A activity surged to US$49.2 billion, with Saudi Arabia and the UAE leading with US$10 billion in deals, driven by strategic investments from sovereign wealth funds and a rise in cross-border transactions.
Abu Dhabi’s Office Space: Addressing the Demand for Grade A Assets
Abu Dhabi is experiencing a significant increase in demand for office space, driven by a growing private sector, rising business confidence, and an influx of foreign direct investment (FDI).
Egypt’s Fiscal Performance in the 2023-24 Financial Year
While Egypt’s fiscal performance in 2023-24 shows significant achievements, ongoing economic reforms are essential for sustainable growth.
Revolutionizing GCC Logistics: Impact of the Proposed Kuwait-Saudi Railway
As the GCC continues to invest in infrastructure and modernize its logistics networks, the Kuwait-Saudi Railway will play a central role in shaping the future of freight transport in the region.
UAE FTA Network: Key Agreements in Place, Under Negotiation
The United Arab Emirates (UAE) has a comprehensive free trade agreement (FTA) framework that includes both bilateral and multilateral agreements.
GCC and Turkey Launch Free Trade Agreement Negotiations in Ankara
Turkey and the GCC countries seek to boost inter-regional economic ties, potentially creating one of the world’s largest FTAs with a US$2.4 trillion trade opportunity.
Red Sea Security Concerns Hit Suez Canal Earnings
Suez Canal earnings fell nearly 25 percent from July 2023 to June 2024 as shipping companies chose alternative routes to avoid Houthi attacks in the Red Sea.
Saudi Arabia, Thailand Strengthen Economic Ties with New Investment Office in Riyadh
The Riyadh investment office is part of Thailand BOI’s broader strategy to extend its presence across the Middle East, underscoring the country’s ambition to position itself as a gateway for Middle Eastern investors looking to access ASEAN markets.