Bahrain’s trade deficit expanded by 32% in April 2025, reaching BD166 million ($440.3 million), compared to BD126 million in the same month the previous year. The increase is attributed to a surge in non-oil imports, highlighting the need for balanced trade strategies. Source: AGBI
Bahrain’s Trade Deficit Widens Due to Rising Imports Read More »
Oman’s non-oil exports reached 1.618 billion Omani rials ($4.2 billion) in the first quarter of 2025, marking an 8.6% year-on-year growth. This surge reflects the country’s efforts to diversify its economy beyond oil dependence. Source: Arab News
Oman’s Non-Oil Exports Increase by 8.6% in Q1 2025 Read More »
Kuwait has intensified its crackdown on unauthorized cryptocurrency mining operations, which are contributing to the nation’s power shortages. Authorities have identified and shut down over 1,000 illegal mining sites, aiming to reduce energy consumption amid rising temperatures. Source: The Cryptonomist
Kuwait Targets Cryptocurrency Mining to Alleviate Power Crisis Read More »
Despite the UAE’s push towards a cashless economy, traditional practices like rent payments via cheques are slowing progress. While card payments are expected to exceed $150 billion in 2025, the persistence of cheque-based transactions highlights the need for further digitization efforts.Despite the UAE’s push towards a cashless economy, traditional practices like rent payments via cheques
UAE’s Cashless Initiative Faces Challenges from Traditional Rent Payments Read More »
The Public Investment Fund’s subsidiary, Ardara, has committed significant funds to develop the AlWadi project in Saudi Arabia’s Aseer province. The project’s first phase includes retail spaces, residential units, and two hotels, aiming to boost tourism and economic growth in the region. Souce: AGBI
Saudi Arabia’s Public Investment Fund Invests in Aseer Province Development Read More »