Non-oil trade between the UAE and Kuwait reached AED54.5 billion ($14.8 billion) in 2025, marking a year-on-year growth of 9.1 percent compared to 2024, said Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of Foreign Trade.
Bahrain's Electricity and Water Authority (EWA), in collaboration with BENEFIT, has announced the launch of a new bill payment service through the BenefitPay app. The new service offers customers a more streamlined and convenient way to manage and settle their utility bills.
India-based Vedanta Limited, a leading global producer of metals, oil & gas, power and technology as well as critical minerals, has reported solid third-quarter profit helped by higher production across key businesses, while its revenue climbed 19% to record $5.2 billion.
The total value of non-oil exports (national origin) from Bahrain surged by 5% to hit BD1.1 billion ($2.9 billion) in Q4 2025 when compared to the previous year's figure of BD1 billion ($2.75 billion). The Kingdom of Saudi Arabia topped the non-oil exports list followed by UAE and the US, said a report.
PwC Middle East has appointed Khaled Ahmed Bin Braik as Country Senior Partner for the United Arab Emirates, effective April 1, 2026, marking an important step in strengthening the firm’s leadership as it supports the country’s long-term growth and ambition.
Mashreq, one of the leading financial institutions in the MENA region, has delivered exceptional results for the full year 2025, marked by transformational international expansion, record loan and deposit growth.
Saudi Arabia's real gross domestic product (GDP) recorded an annual growth rate of 4.5% in 2025 compared to the previous year, while growth reached 4.9% in the fourth quarter (Q4) of 2025 compared to the same period in 2024.
BlueFive Capital, a global investment firm, said it has successfully closed the Onyx Fund I, a $3 billion fund registered with the Abu Dhabi Global Market (ADGM), that targets businesses at the frontier of innovation, specifically in artificial intelligence and biotechnology.
Singapore Gulf Bank (SGB), a fully licensed bank backed by Whampoa Group and Mumtalakat, has announced a GCC and Asian industry first bank-operated network that brings USD and stablecoins together in one regulated platform enabling near real-time settlement and simpler treasury workflows.
The global economy is expected to grow at a reasonable but not particularly exciting pace again this year, supported by easier monetary policy, fiscal stimulus in key economies and the continued artificial intelligence (AI) boom, but important downside risks remain in a volatile and unpredictable global environment, according to ACCA’s latest Global Economic Outlook.
