June 3, 2025

Saudi Arabia’s financial prominence is experiencing a shift as global investors and Wall Street firms increasingly turn their attention to the United Arab Emirates (UAE) and Qatar. This transition is attributed to various factors, including domestic challenges within Saudi Arabia and the proactive economic strategies adopted by the UAE and Qatar. The changing dynamics suggest […]

Oman has announced the commencement of six renewable energy projects in 2025, aligning with its strategy to diversify energy sources and reduce reliance on fossil fuels. These projects are part of Oman’s broader vision to enhance sustainable energy infrastructure and contribute to environmental conservation efforts in the region.  Source: AGBI

The Gulf Cooperation Council (GCC) countries, particularly the UAE, Saudi Arabia, and Bahrain, are making significant strides in cryptocurrency adoption. These nations are piloting Central Bank Digital Currencies (CBDCs) and exploring alternative digital payment platforms in collaboration with international partners, including China and BRICS+. Such initiatives underscore the region’s commitment to embracing digital financial innovations. 

Spark Capital Private Wealth Management (PWM) has announced its expansion into the Dubai International Financial Centre (DIFC) through the establishment of Spark Global PWM Private Limited. This strategic move aims to enhance the firm’s international presence and provide global investors with access to diversified investment opportunities, leveraging DIFC’s robust regulatory framework and financial infrastructure.  Source:

In May 2025, Saudi Arabia’s non-oil private sector experienced accelerated growth, with the Riyad Bank Purchasing Managers’ Index (PMI) rising to 55.8 from 55.6 in April. This increase indicates a robust expansion driven by a surge in new orders and heightened business confidence, reflecting the kingdom’s ongoing efforts to diversify its economy beyond oil dependency.