GCC real estate sector led by Dubai, but other UAE cities see fastest growth
Kuwait
Kuwait
Kuwait traffic laws: new fines for jumping red light, using mobile phone and reckless driving revealed
Kuwait introduces new traffic laws with increased fines for violations
Kuwait
Kuwait Waterfront Development phase 2 completed; 4,000 parking spaces, cycle tracks and parks added
Kuwait Waterfront Development to boost tourism offering in the country
Jazeera Airways
Kuwait’s Jazeera Airways launches Summer 2025 campaign
Jazeera Airways launches Summer 2025 campaign with 700,000 seats to varied destinations
Ford
Ford Middle East moves up a gear with 23% sales surge
Ford has seen best sales figures in a decade as it expands in the Middle East
Aluminium tariffs
How US tariffs could impact GCC banks and economy
Fitch Ratings analysis looks at potential impact of US tariffs on GCC banks and economy
OPEC
OPEC+: Saudi, UAE, Kuwait, Oman and others announce oil production increase
Eight OPEC+ countries, including Saudi, UAE, Kuwait and Oman, have agreed to increase oil production
Abu Dhabi
Eid Al Fitr holidays in the GCC; Dubai’s 100 most influential people; UAE petrol prices to change; Royal baby announced – 10 things you missed this week
Eid holidays, the Dubai 100, UAE petrol prices, Royal Baby named, Palm Jebel Ali investments and more top news stories this week
Eid
Eid Al Fitr 2025: UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain announce holidays
Official holidays for Eid Al Fitr have been announced in the UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain
Beverly Hills
Kuwait real estate developer acquires 2 boutique hotels in Beverly Hills
Kuwait’s Action Real Estate Company acquires two Beverley Hills hotels
Kuwait
Kuwait clarifies driving with burqa ban claims
Kuwait says ban on driving while wearing a burqa is not an enforceable law
Apparel Group
Apparel Group plans 250 R&B stores in GCC by end of year
Apparel Group looks to add more than 100 R&B stores in GCC this year
Airlines
Middle East aviation booming with massive orders and fleet expansion despite supply woes as sector targets 2,600 planes
Middle East commercial airlines expected to grow almost twice as quickly as the global average in coming years
GCC banking
GCC banks to thrive as GDP tipped to hit 3.5% as UAE and Saudi lead growth
GCC banks can look forward to continued growth in 2025 says EY report
Kuwait
Kuwait’s anticipated liquidity law expected to boost DCM and Sukuk growth
Kuwait’s dollar issuers are the third-largest in the GCC; dollar issuance surged to $13.6 bn in 2024 and DCM issuance to $38.5bn (all currencies)
GCC
GCC inflation up 1.7% as housing costs increase and transport more affordable
GCC-wide inflation rose by 1.7 per cent at the end of October 2024