Other Briefings
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.
eSports Sector on the Rise in the Middle East: Outlook, Major Players, and Prospects
As the eSports sector thrives in the Middle East, we delve into the region’s burgeoning gaming culture, governmental initiatives, standout players, and promising future.
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.
UAE Issues New Law Governing Public-Private Partnerships
The UAE has enacted a new law to regulate public-private partnerships, establishing a framework for collaborations between federal government entities and the private sector.
Saudi Arabia Lifts 3-Year Ban on Expats Violating Re-entry Visa
Saudi Arabia has lifted the three-year ban on foreign workers who failed to return before the expiration of their exit and re-entry visas.
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.
