Kuwait International Airport experienced a significant reduction in operations as 14 international airlines ceased services, citing operational challenges and market stagnation. This development underscores the need for strategic reforms to revitalize Kuwait’s aviation sector.
Fourteen International Airlines Cease Operations at Kuwait Airport Read More »
The Central Bank of the UAE unveiled a new symbol for the dirham, applicable to both physical and digital forms, as part of its Financial Infrastructure Transformation Program. Additionally, the bank announced plans to launch a blockchain-based digital dirham (CBDC) by late 2025, aiming to enhance the nation’s financial infrastructure and global competitiveness. Source: Paypers
UAE Unveils New Dirham Symbol and Advances Digital Currency Read More »
Oman projects its economy to grow by 3.4% in 2025, surpassing the performance of many global peers. This growth is anticipated due to increased oil production and efforts to diversify the economy. Source: Arab News
Oman’s Economy Expected to Grow by 3.4% in 2025 Read More »
Qatar has pledged to provide Syria with monthly payments of $29 million for three months, with the possibility of extension. These funds are intended to cover salary payments within Syria, reflecting continued international engagement in Syria’s economic stabilization efforts. Source: Reuters
Qatar Commits $29 Million Monthly to Support Syrian Salaries Read More »
The United Arab Emirates’ non-oil private sector experienced steady growth in April 2025, with increased hiring and business activity. The Purchasing Managers’ Index (PMI) indicated a robust expansion, reflecting the country’s ongoing efforts to diversify its economy beyond oil. Source: Reuters
UAE’s Non-Oil Sector Sees Steady Growth in April 202 Read More »