In addition, Kuwait hosted a major joint meeting between the GCC and the United Kingdom in October focused on a...
- Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday...
Manama, Bahrain--Export Bahrain and Hong Kong Trade Development Council (HKTDC) have signed a strategic partnership agreement to strengthen trade ties...The agreement between the two sides looks to foster mutually beneficial trade and economic cooperation
As per the dea, both sides will facilitate access to a wide range of opportunities for enterprises in both countries
Doha, Qatar--The General Authority of Customs and the General Tax Authority have announced the launch of the interconnection between their...The launch of interconnection is expected to achieve automation and integration of procedures, with the aim of providing the best services to taxpayers
The chairman of customs said that the e-connection between customs and tax services is part of Qatar's vision to leverage technology and provide advanced and effective services
Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...The Qatari finance minister said the high inflation in Qatar during 2023 was linked to high food prices, and it was a temporary phenomenon
The minister said the total expenditure in the 2024 budget will be US$55.1 billion, a one percent compared to the current year's budget
The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth...Mauritius posted an 8.5 percent GDP growth in 2022 — the fastest in 35 years
The deal is also expected to drive FDI into fintech, healthcare and tourism sectors
Abu Dhabi, UAE - The United Arab Emirates was named the most economically competitive nation in the Arab world, a...The report noted the UAE secured the top position in the government financial sector index, ranking first in the deficit/surplus to GDP ratio and second in the tax burden index
The UAE also topped the infrastructure sector index, leading in mobile phone subscriptions and the percentage of the population with access to electricity
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has said that the UAE insurance sector continued to...CBUAE stated that by the end of Q3 2023, the number of licensed insurance companies in the UAE remained at 60
The sector comprised 23 traditional national companies, 10 Takaful national and 27 foreign companies
Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key...The decision leaves the overnight deposit rate at 19.25 percent and the overnight lending rate at 20.25 percent
The MPC noted a decline in key international commodity prices, especially energy, which has eased global inflation pressures
It will boost the trade between Saudi Arabia and Kazakhstan.Under the MoU, both banks have also agreed to exchange information, experiences, and best practices to enhance the development of services and products
It will also facilitate collaborative research efforts and knowledge sharing to design export credit policies and practices and provide workforce training opportunities
"The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic...The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic map.
This potential is attributed to its natural resources, distinctive geographical location, and robust global alliances with nations.
Dubai, UAE - Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit $71.87 billion by the...The local currency, the dirham, accounted for the largest share of Savings Deposits, with around 82 percent, which is $59.12 billion
Demand Deposits rose to $262.77 billion at the end of October 2023, with an annual growth rate of 5.6 percent
