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June 6, 2026

GCC Digital Payments Sector Continues Rapid Expansion

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Fintech partnerships accelerate cashless economy growth Digital payment adoption across Saudi Arabia and the GCC continues growing rapidly as banks, retailers, and fintech companies expand partnerships. Recent initiatives include payment technology collaborations designed to improve e-commerce performance, automate financial processes, and support cashless transactions. Financial analysts expect digital payments and fintech innovation to remain among […]

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New India–Saudi Shipping Route Strengthens Red Sea Trade

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Direct maritime connection boosts logistics and regional commerce A new shipping corridor linking India’s Mundra Port with Saudi Arabia’s Jeddah Port has been launched, creating an important logistics route through the Red Sea. Trade experts believe the route will improve cargo movement between South Asia and the Middle East while strengthening Saudi Arabia’s position as

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UAE Business Activity Expands Despite Shipping Challenges

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Companies remain optimistic about future growth The UAE’s non-oil business sector continued expanding during May, even as companies faced delays and higher costs linked to regional shipping disruptions. The latest PMI report showed growth remained above the expansion threshold, with businesses reporting improved output and confidence in future activity. Dubai’s private sector continues benefiting from

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Saudi Arabia’s Non-Oil Economy Continues Strong Expansion

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Domestic demand drives fastest private-sector growth in three months Saudi Arabia’s non-oil private sector recorded its strongest growth in three months during May, according to the latest PMI data. Business activity expanded due to stronger domestic demand, improved supply chains, and increased contract activity. While export orders remain affected by shipping disruptions and geopolitical concerns,

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UAE Stock Markets Rise Despite Ongoing Regional Uncertainty

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Dubai and Abu Dhabi indexes post gains as investors remain confident UAE financial markets ended the week higher despite stalled diplomatic talks and continuing regional tensions. Dubai’s main stock index rose 0.9%, supported by gains in industrial and utilities companies, while Abu Dhabi’s benchmark index advanced 0.3%. Market analysts say investor confidence remains resilient because

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