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KSA unveils big aviation reforms in $100bn investment drive

Saudi Arabia's General Authority of Civil Aviation (GACA) has announced landmark reforms to help its aviation sector boost competitiveness, woo investors and increase transparency as part of a transformation plan that aims to attract $100

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KSA unveils big aviation reforms in $100bn investment drive

Saudi Arabia's General Authority of Civil Aviation (GACA) has announced landmark reforms to help its aviation sector boost competitiveness, woo investors and increase transparency as part of a transformation plan that aims to attract $100

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IMF predicts 2.9% growth for Bahrain this year

Bahrain's growth is projected to moderate to 2.7 percent in 2023, with non-oil GDP growing by 3.3 percent reflecting fiscal consolidation and higher interest rates, an IMF report said.   Thereafter, growth is

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UAE reforms 'will take country to new heights'

The UAE’s economic liberalisation, embracing of tax reforms and comprehensive revamp of the visa rules have provided a strong foundation for the economy, helping to take it to new heights in the next 5-10 years, says a new report.

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Saudi banks to start implementing Basel III reforms in January

Saudi Central Bank (SAMA) has announced that all Saudi banks will start the official implementation of the Basel III final reforms starting from January 1, 2023.    This comes in line with the internationall

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MENA records 524 M&A deals worth $55bn in 9M 2022

The MENA region witnessed 524 deals worth $55.2 billion during the first nine months of the year, according to the latest EY MENA M&A Insights report.   Rising inflationary pressures, dampening economic deman

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UAE calls for action to develop global trade system

Dr Thani Al Zeyoudi, UAE’s Minister of State for Foreign Trade, led a UAE delegation to the World Trade Organization (WTO)’s General Council meeting in Geneva that held recently,  during which he urged the global trading commu

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LMRA chief highlights new labour market reforms

Bahrain's Labor Market Regulatory Authority (LMRA) CEO Nouf Abdulrahman Jamsheer met with a number of ambassadors and representatives of diplomatic missions in the kingdom and highlighted the new labour market reform package and legislatio

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LMRA chief highlights new labour market reforms

Bahrain's Labor Market Regulatory Authority (LMRA) CEO Nouf Abdulrahman Jamsheer met with a number of ambassadors and representatives of diplomatic missions in the kingdom and highlighted the new labour market reform package and legislatio

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Structural reforms in MENA now in urgent need: IMF report

Structural reforms have become even more urgent for MENA states to prevent scarring from the pandemic and the Ukraine war, to ensure an inclusive recovery and enhance resilience ahead, says an IMF report.   The I

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