Oman’s trade surplus reached $19.4 billion, driven by an 18.4% increase in oil and gas exports. This growth underscores the country’s reliance on hydrocarbon revenues and highlights the importance of ongoing diversification efforts to ensure long-term economic stability. Source: Arab News
Oman’s Oil Exports Propel Trade Surplus to $19.4 Billion Read More »
In the first quarter of 2025, Qatar attracted more than 1.5 million international tourists, reflecting the success of its comprehensive tourism strategy. The influx is attributed to major events, strategic partnerships, and diverse travel offerings that enhance the country’s appeal as a global destination. Source: Arab News
Qatar Welcomes Over 1.5 Million International Visitors in Q1 2025 Read More »
Kuwait International Airport experienced a significant reduction in operations, with 14 international airlines discontinuing services. This development highlights challenges in the country’s aviation sector and underscores the need for strategic reforms to revitalize the industry. Source: Gulf News
Kuwait Faces Aviation Setback as 14 International Airlines Cease Operations Read More »
The Central Bank of the UAE unveiled a new symbol for the dirham, applicable to both physical and digital forms. This initiative aligns with the UAE’s strategy to reinforce its position as a leading global financial center and to embrace digital transformation in its monetary system. Source: Arab News
UAE Introduces New Dirham Symbol and Digital Currency Read More »
In the first quarter of 2025, Saudi Arabia recorded a budget deficit of SR58.7 billion ($15.65 billion) due to declining oil revenues. Despite this, the non-oil sector demonstrated resilience, contributing to the country’s economic diversification efforts. Source: ; Arab News
Saudi Arabia Reports $15.6 Billion Budget Deficit in Q1 2025 Amid Non-Oil Sector Growth Read More »