Doha, Qatar--Governor of Qatar Central Bank Sheikh Bandar bin Mohammed bin Saoud Al-Thani has called for strengthening joint action among...
"The progressive momentum generated in the past decade fills us with positivity and reassurance in the Kingdom, where we have...
Payment landscape in Gulf countries is headed for a significant change, Ralf Wintergerst, Group CEO of G+D tells the TRENDS....Payment landscape in Gulf countries is headed for significant change as it’s among the fastest-growing e-commerce markets, Ralf Wintergerst tells the TRENDS
Many central banks in the GCC region are already testing in sandbox environments to simulate a digital currency under real-world conditions, Wintergerst added
Debt-ridden Tunisia unveiled a 2022 budget on Tuesday that will see it borrow almost $7 billion more, as it seeks...The deficit is expected to hit some 6.2 percent of gross domestic product, said finance minister Sihem Boughdiri.
Tunisia's previous government had been in talks with the IMF over a new bailout package when President Kais Saied in July sacked ministers and seized far-reaching powers.
Iraq's Ministry of Planning has said several positive economic indicators have risen during 2021 and several measures are being taken...People regaining their jobs after easing of Covid restrictions helped boost projects in the private sector.
Although the Planning Ministry is yet to prepare a report on economic indicators for 2021, there is an improvement in many fields, says a spokesman.
Kuwait's leading Islamic bank, Warba Bank, celebrated the listing of the bank's $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai...This was the third listing after a $250 million and a $500 million instrument in Mar 2017 and Oct 2019 respectively.
The new listing brings the total outstanding value of the bank’s Sukuk on the exchange to $898 million.
The board of governors at the Central Bank of Oman expressed satisfaction with the state of the 2021 FX reserves.The bank’s board of governors observed that the total demand for foreign currency in the local market was at satisfactory levels
This, it opined, has brought the FX reserves of CBO in equation with the value of nine months of country’s imports
- The Ministry of Planning has not prepared a report on economic indicators during the year 2021 but there is an...
All economic development movement shows positive results, the Ministry of Planning has said
The government projects that were suspended due to the financial and economic crisis have been resumed
The total number of tourists coming to the Kingdom in the period has surpassed 2.1 million, while the number of...The total number of tourists coming to the Kingdom in the period has surpassed 2.1 million, while the number of overnight tourists has inched up by 8.9 percent
Jordanian Minister of Tourism Nayef Al-Fayez said that the National Tourism Strategy is geared to attract more tourists than recorded in 2019, before the outbreak of the pandemic
London-based think-tank Cebr predicts the economic future of countries across the world and the outlook remains rosy for the Gulf...Saudi Arabia will jump from t19th to 17th in the World Economic League Table by 2021
The UAE is expected to move up in the table from 34th in 2021 to 33rd in 2036
The preliminary results showed a surplus value for the capital and financial account amounting to $222 million, mainly caused by...This deficit in the current account was mainly triggered by the deficit of the trade balance of goods, which reached $1,464 million
The total transfers from abroad amounted to $602 million, of which 17% were the transfers to the government sector
- Jordan will distribute JD1 million to compensate those suffered losses due to the Al Waleh Dam draught and cross-border fires...
Jordan's cabinet had approved the disbursement of JD1 million in compensation from the Agricultural Risk Fund
Jordan as tasked specialized committees to limit the damages in the northern Jordan Valley and the Al-Wala Dam
