Gulf Countries Become World’s Largest Source of Outward Worker Remittances GCC countries recorded approximately $161 billion in outward worker remittances during 2025, the highest total recorded globally. The figure represents a 13.6% increase from 2024, with remittances accounting for approximately 6.6% of combined GCC GDP. The increase reflects continued demand for expatriate workers as GCC […]
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Saudi Arabia and Other Major Producers Hold Policy Steady OPEC+ has agreed to keep its November oil production targets unchanged, following a meeting of the group’s seven core members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. The decision comes as global oil markets remain tight because Middle East export disruptions continue to affect
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Emirate Strengthens Position as an Investment Destination Sharjah recorded a 45% increase in foreign direct investment projects in 2025, according to the CEO of the Sharjah FDI Office, as the emirate continues to attract international businesses and investors. The growth comes ahead of the Sharjah Investment Forum 2026, scheduled for October 14–15, which will bring
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Abu Dhabi Positions AI as a Major Financial Growth Opportunity The UAE is stepping up investment in artificial intelligence for financial services, with Abu Dhabi preparing to host AI Everything Abu Dhabi 2026 from October 6–7. The UAE Ministry of Investment will join global investors, financial institutions and fintech companies to explore AI’s role in
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Digital Commerce Infrastructure to Grow by More Than 91,000 Sqm Dubai CommerCity is preparing a major AED 1.8 billion expansion, adding more than 91,000 square metres of new space across its Business, Logistics and Social clusters. The expansion will be delivered in two phases, with the first scheduled for Q1 2027 and the second targeted
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