Trade Ahead of Trump visit, New Jersey courts Gulf investment New Jersey Governor Phil Murphy is leading a mission to Saudi Arabia, the UAE and Bahrain as US states compete for a share of more than $2 trillion of investment and trade which Gulf Arab countries have pledged to the US over the next decade. The trip, which ends on Saturday, comes just two weeks […] April 30, 2025
Economy GCC economic data The latest economic indicators for the Gulf Co-operation Council countries: the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain – plus links to in-depth pages on each country April 29, 2025
Finance Saudi Arabia reports record non-oil exports in 2024 Saudi Arabia’s exports of goods and services – excluding oil – hit a record SAR515 billion ($137 billion) last year, the state-run SPA news agency reported, as the world’s second largest oil producer seeks to diversify its economy away from hydrocarbons. The exports, which include re-exports, rose 13 percent over the last year and have […] April 28, 2025
Finance Official email to be required for Kuwait business licences Oil-rich Kuwait intends to force its companies to set up an official email address for correspondence with government offices as part of a new law designed to speed up business and slash paper work, according to local media. Companies that fail to abide by the new rules will have their business suspended and banned from […] April 28, 2025
Finance Saudi Exim Bank’s credit doubling aids non-oil growth The Saudi Export-Import Bank (SEIB) doubled its credit facilities last year, helping to develop non-oil exports of the world’s second largest oil producer, the local Arab News reported. Credit facilities jumped 103 percent to SAR33.5 billion ($8.9 billion) compared with the year before, with export financing rising 70 percent to around SAR12 billion, the newspaper […] April 28, 2025
Trade US-driven trade war forces Mubadala to change ‘assumptions’ Abu Dhabi sovereign wealth fund Mubadala Investment Company said it will take more time to consider its investments and is changing its “base case assumptions” against the backdrop of heightened global trade tensions driven by the US. The fund, which has more than $300 billion of assets under management in over 50 countries around the […] April 25, 2025
