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Daily Headlines RSS – Friday

Friday headlines

Jihad Azour, IMF Middle East and Central Asia director, says Bahrain 'cannot avoid consolidation'

IMF official urges Bahrain to cut debt and spending

The International Monetary Fund is urging Bahrain, the Gulf’s most indebted country, to do more to reduce liabilities, bring government finances under control and spur economic growth. “It’s a no brainer,” Jihad Azour, IMF Middle East and Central Asia director, said in an interview with AGBI in Dubai. “They need to consolidate; they cannot avoid […]

Inside an Airbus factory. Flyadeal's CEO bemoaned the fact that the company had a backlog of 8,720 aircraft

Expect commercial jet shortages until 2030, warns Flyadeal CEO

The head of Saudi low-cost carrier Flyadeal has warned that deliveries of in-demand commercial jets to the aviation industry will be severely constrained until the end of the decade. Flyadeal CEO Steven Greenway told AGBI that despite having eight Airbus A320 aircraft scheduled for delivery in 2025, the airline is planning on receiving only five.  […]

UK prime minister Keir Starmer is greeted by Crown Prince Mohammed bin Salman during a visit to Riyadh in December. The UK government says UK-GCC trade talks are continuing 'at pace'

UK urged to seek standalone trade deals with Gulf states

Trade experts, including a former UK government senior advisor, are questioning why talks between the UK and GCC to secure a free trade agreement are taking so long. Many recommend that London pursue bilateral deals with Gulf countries if and when a wider GCC deal is signed. “[The negotiations] have been going on for yonks […]

President Donald Trump holds an 'Investing in America' event at the White House. The president will visit the Gulf from May 13-16, and artificial intelligence is expected to be at the top of the agenda

AI will be front and centre during Trump’s Gulf trip

Artificial intelligence is expected to be top of the agenda during US president Donald Trump’s visit to Qatar, Saudi Arabia and the United Arab Emirates in mid-May, with officials from all sides eager to announce fresh partnerships. Discussions are likely to focus on securing more GCC investments into US technology and expanding Gulf states’ access […]

Zach Witkoff was on a panel with Eric Trump at the Token2049 crypto event taking place in Dubai

Abu Dhabi’s MGX to use Trump stablecoin for Binance deal

A stablecoin linked with President Donald Trump will be used by Abu Dhabi’s MGX as part of the technology company’s $2 billion investment in Binance, the world’s largest cryptocurrency exchange, it was announced on Thursday. MGX announced a minority investment in Binance in March.  Zach Witkoff, co-founder of World Liberty Financial, a cryptocurrency holding company […]

A general view of Muscat. Oman will issue OR750 million of bonds and sukuk this year

Local investors show strong interest in Oman bond issue

A lack of alternative investment choices has helped to swell domestic demand for Omani sovereign bonds, with the sultanate’s latest issuance significantly oversubscribed. Oman issued OR100 million of bonds on Thursday, the second of 10 rial-denominated bond and sukuk sales planned for 2025. These will range from OR50 million to OR100 million and will total […]

Eric Trump looks at a model of the Trump Organization's planned project in Qatar in partnership with Dar Global

Trump Organization enters Qatar property market

Dar Global, the international development arm of Saudi-listed Dar Al Arkan, has partnered with the Trump Organization to develop a Trump International Golf Club in Doha. The project is the US company’s first foray into Qatar’s property market. The project will include an 18-hole golf course, a clubhouse and branded villas overlooking the golf course […]