Other Briefings
IMF Revises Expectations for Saudi Arabia’s GDP Rebound
The IMF revised its 2024 forecast for Saudi Arabia’s GDP to 2.7 percent as the kingdom intends to keep oil production on the lower side.
Saudi Arabia and Jordan Ink Memorandum of Cooperation to Support SMEs
Central to the agreement are initiatives geared towards enhancing skills, strengthening trade relations, and promoting innovation within the SME sector.
UK Rolls Out Two-Year Multiple Entry Visa Scheme to Gulf, Jordanian Citizens
The UK has expanded a two-year multiple-entry visa scheme to citizens of Bahrain, Kuwait, Oman, the United Arab Emirates (UAE), Saudi Arabia, and Jordan.
Red Sea Shipping Disruptions: Challenges and Opportunities for Arab Logistics
The Red Sea shipping disruptions caused by Yemen’s Houthi militants pose challenges but also unveil opportunities for the logistics sector in the Middle East.
Gulf Mercantile Exchange Established After Saudi Tadawul Group Acquires Stakes in Dubai Mercantile Exchange
Saudi Tadawul Group (STG) has signed a binding agreement with existing shareholders of DME Holdings Limited to acquire a 32.6 percent stake in Dubai Mercantile Exchange (DME), one of the leading international commodities exchanges.
Saudi Arabia’s SABIC to Establish a US$6.4 Billion China Petrochemical Complex
On January 21, 2024, Saudi Basic Industries Corporation (SABIC) announced its final investment decision to construct a petrochemical complex in China’s southeastern Fujian province.
eSports Sector on the Rise in the Middle East: Outlook, Major Players, and Prospects
As the eSports sector thrives in the Middle East, we delve into the region’s burgeoning gaming culture, governmental initiatives, standout players, and promising future.
Saudi Arabia Lifts 3-Year Ban on Expats Violating Re-entry Visa
Saudi Arabia has lifted the three-year ban on foreign workers who failed to return before the expiration of their exit and re-entry visas.
GCC Countries 2024 Economic Outlook and Growth Trends
In 2024, the GCC anticipates robust economic growth, led by the UAE and Saudi Arabia, with the World Bank highlighting positive trends and the rebound from slower 2023 performance.
GCC-South Korea Free Trade Agreement to Eliminate Almost 90% of Tariffs
On December 28, 2023, the Gulf Cooperation Council (GCC) and South Korea signed a joint statement committing to a free trade agreement (FTA).
