Other Briefings
IMF Revises Expectations for Saudi Arabia’s GDP Rebound
The IMF revised its 2024 forecast for Saudi Arabia’s GDP to 2.7 percent as the kingdom intends to keep oil production on the lower side.
Saudi Arabia and Jordan Ink Memorandum of Cooperation to Support SMEs
Central to the agreement are initiatives geared towards enhancing skills, strengthening trade relations, and promoting innovation within the SME sector.
UAE, India Sign Pacts on Investment Treaty, Linking Digital Payments, IMEEC
India and the UAE signed a bilateral investment agreement and inked a framework deal on the India-Middle East Economic Corridor, besides various MoUs, during Prime Minister Narendra Modi’s two-day visit to the UAE.
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.
Dubai’s Emirates Airline Introduces Pre-Approved Visa on Arrival for Select Indian Travelers
Emirates Airline, in collaboration with VFS Global, has introduced a new visa tailored for travelers from India, offering greater flexibility and cost efficiency for last-minute and short-term journeys to the region.
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.
