
Ras Al Khaimah Tourism Revenue Soars by 9%
Ras Al Khaimah (RAK), the UAE’s northernmost emirate, reported a 9% increase in tourism revenue in H1 2025. Visitor arrivals were up 6%, hotel occupancy

OPEC Lays Out Oil Overproduction Penalties, Adjusts Output
OPEC released a new compensation mechanism for overproducing members, requiring output cuts of 190,000 to 829,000 barrels per day based on excess production. Notably, Saudi

Saudi GDP Climbs 3.9% in Q2, Led by Non-Oil Growth
Saudi Arabia’s economy grew by 3.9% in the second quarter, largely fueled by a 4.6% increase in non-hydrocarbon sectors like finance, utilities, and business services.

Macquarie Eyes Expansion in Saudi Arabia via PIF Partnership
Australia’s Macquarie Asset Management plans to establish a presence in Saudi Arabia, following a non-binding agreement with the kingdom’s Public Investment Fund. The cooperation aims

Gulf Equities Gain Momentum on U.S. Rate-Cut Prospects
Gulf stock markets witnessed modest gains, buoyed by expectations of a Fed interest rate cut following weak U.S. jobs data. Saudi index added 0.1%, while

Undersea Cable Damage Causes Internet Outage Across the UAE
Since September 6, damage to undersea cables in the Red Sea has disrupted internet services throughout the UAE and other parts of the region. Networks

Gulf Stock Markets Fall Amid Weak Oil Prices and Disappointing U.S. Job Data
Gulf equities retreated today, reacting to sliding oil prices and softer-than-expected U.S. employment figures. Saudi Arabia’s benchmark index fell by 0.6%, marking its ninth decline

Stablecoin Frameworks Advancing in UAE and Bahrain
Regulatory developments are underway: the UAE’s central bank now permits only licensed entities to issue stablecoins and supports a dirham-backed digital coin spearheaded by ADQ and First

CoinMENA Partners with Zand to Expand Gulf Crypto Access
CoinMENA, a Sharia-compliant crypto exchange licensed in both Bahrain and Dubai, has formed a partnership with UAE digital bank Zand. This collaboration will enable fiat-to-crypto transactions