Other Briefings
Saudi Arabia and Turkiye Target US$30 Billion in Bilateral Trade
Saudi Arabia and Turkiye are looking to develop closer economic and investment ties as they explore new trading opportunities. The volume of trade between Saudi Arabia and Turkiye reached US$5.9 billion in 2022, recording a growth rate of 32.6%. However, at a business council meeting between the two countries, plans were discussed to expand this […]
UAE and Philippines Look To Increase US$1.9 Billion Non-Oil Trade Via a CEPA Agreement
The UAE and the Philippines are looking to boost US$1.9 billion non-oil trade ties as they negotiate details of a Comprehensive Economic Partnership Agreement (CEPA) between the two countries.
Saudi Arabia and Uzbekistan Expand Ties As Riyadh Makes US$12 Billion Investment
By Emil Avdaliani Expanding relations between Saudi Arabia and Uzbekistan Arabia are based on the two countries’ close cultural and religious ties. Saudi Arabia has offered educational support to Uzbek students and participated in restoring Islamic holy sites in Central Asia. Additionally, but perhaps more importantly, Tashkent and Riyadh also see each other as partners […]
Türkiye’s Trade With The GCC: 2023/24 Status and Prospects
A more considered approach to the Middle East from Ankara is driving multilateral trade and investment forward into developments worth tens of billions of dollars By Farzad Ramezani Bonesh with additional commentary by Chris Devonshire-Ellis The foundations of the economic and trade relations between Turkiye and the Gulf Cooperation Council (GCC) states were laid in […]
UAE Releases New 500 Dirham Banknote
The UAE Central Bank has issued a new 500-dirham polymer banknote with designs that reflect the UAE’s leadership in sustainability, featuring the Museum of the Future building on the front. The new banknote will be put into circulation starting Thursday, November 30, along with all paper and polymer banknotes currently in circulation. 500 Dirhams is […]
The Philippines Enters Islamic Financing Sukuk Bond Market
Manila to issue US$1 billion Sukuk bond in a national first as it targets Middle East financing In a groundbreaking move, the Philippines has officially declared its entrance into the Islamic finance market. The Philippines Bureau of Treasury (BTr) disclosed plans for a benchmark-sized Sukuk offering denominated in US dollars with a 5.5-year tenure.
Kuwait’s Economy: Opportunities, Challenges, & 2024 Outlook
Kuwait has the world’s largest sovereign wealth fund but economic reforms are still needed By Farzad Ramezani Bonesh Kuwait gained independence from the United Kingdom in 1961, and has since developed to become one of the most stable economies in the Middle East region after oil discoveries. It is located at the tip of the […]
Germany’s trade with the GCC, 2023/24 Status and Prospects
By Farzad Ramezani Bonesh Variables from the First World War, the Second World War, and the reunification of Germany, have all influenced the view and approach of German foreign policy towards the GCC in the 20th century.
Dubai and Shanghai Stock Exchanges Sign Capital Market Development MoUs
The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) have announced the signing of a Memorandum of Understanding (MoU) to further strengthen the ties between the capital markets of Dubai and China, marking a significant milestone in cross-border collaboration. This partnership represents a significant milestone in cross-border collaboration and aims to facilitate […]
Abu Dhabi Provides Tax Incentives For AI Investors and Start Ups
100% Foreign Ownership and Income Tax breaks permitted in this crucial hi-tech sector Abu Dhabi is looking to attract AI start-ups with a new licence package and special offers. The Masdar City Free Zone has introduced a new licensing package for start-ups and businesses focused on artificial intelligence (AI). The package is part of a […]
