Half of Middle East consumers surveyed believe newly introduced global tariffs are the leading driver of grocery inflation
GCC
Latest in GCC
GCC
GCC tourism spending projected to hit $223.7 bn by 2034
GCC countries have recorded progress across multiple tourism indicators
GCC
GCC government spending to pass $542bn this year
GCC countries expected to spend over $542bn on revenues of $487bn this year
GCC
Qatar real estate: Property market shows resilience despite 5% price drop
Knight Frank noted a two-tier market has emerged in the apartment rental sector in Qatar
GCC
GCC worker remittances hit $131.5bn in 2023, global highest after US
The centre’s data indicated a slight dip of 0.4% from 2022
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
GCC
GCC healthcare spending to hit $159bn by 2029; Saudi and UAE lead growth as hospital beds to pass 140,500
Healthcare spending in GCC countries will grow by between 4 and 8.8 per cent in the next five years with UAE and Saudi Arabia seeing most growth
crude oil
GCC crude oil production in 2023 soars to 17mbpd, says report
Additionally, the bloc ranked second worldwide in natural gas exports and third in marketed natural gas production
GCC
GCC goods trade valued at $1.5tn in 2023, bloc ranked third in world with China top partner
GCC ranked sixth in the world for trade of goods
GCC
GCC investors eye Hong Kong deals as bloc’s GDP passes $2.1tn
GCC members are looking to Hong Kong for future investment opportunities says Jasem Albudaiwi
GCC
GCC population up to 57.6m as trade hits $1.482tn
The GCC is growing in population size and also as an economic force
GCC
GCC cyber-AI startup SpiderSilk inks pact with cyber arm of Saudi Telecom Company
The agreement, signed at Black Hat – the leading cybersecurity event, is to act as a foundation for a full technology partnership between the two entities
Abu Dhabi
Gulf-Asia trade set to hit $682 billion by 2030 as China’s influence grows
Gulf-China trade is expected to overtake Gulf-West trade by 2027
Abu Dhabi
Eid Al Etihad holiday announced; UAE petrol prices set to change; AED100m lottery launched; Riyadh Metro opening date – 10 things you missed this week
UAE petrol prices, Eid Al Etihad holiday dates, national lottery announced, Riyadh Metro launch and more top news stories this week
GCC
Revealed: UK non-dom tax changes trigger large-scale property sales by long-term GCC investors, experts say
London’s loss, however, is turning out to be a boon for Dubai as the property sales-spree by GCC investors is leading to an influx of capital returning to the emirate and the wider region
EaseMyTrip
EaseMyTrip, BNZ Green collaborate to promote eco-friendly travel
The integration will help the travel portal to provide a blockchain-based carbon offset programme, enabling travellers to purchase carbon credits directly through the platform