Economy

Saudi Nitaqat & Saudization 2026 Explained

How Saudi Arabia's Nitaqat colour bands and Saudization quotas work in 2026, the latest sector decisions, Qiwa rules, and what they mean for expat jobs.

UAE Corporate Tax 2026: 9% Rate & Rules Explained

UAE corporate tax 2026: the 0%/9% brackets, AED 375,000 threshold, free zone income, Small Business Relief, EmaraTax registration, filing and penalties.

Oman Advances Duqm Green Park as Master Plan Bids Close July 14

Oman's OPAZ is tendering a master plan for a Duqm Green Park linking green metals, manufacturing and silica, with bids due July 14, 2026.

Bahrain Bank Merger: NBB and BBK Open Talks on Terms of USD 28bn Banking Giant

NBB and BBK have begun negotiating exchange terms for a Bahrain bank merger that would create a lender with roughly USD 28bn in combined assets.

Saudi Tourism Spending Hits Record $81 Billion as 123 Million Visitors Arrive in 2025

Saudi Arabia tourism record: 123 million visitors spent SR304bn ($81bn) in 2025, cementing tourism as a top Vision 2030 growth engine.

Kuwait 2026-2027 Budget Backs KD3bn Push on 117 New Projects Despite Record Deficit

Kuwait's 2026-2027 budget lifts capital spending to KD3bn for 117 new projects, even as the deficit widens to KD9.8bn on softer oil.

Qatar Airways Adds 26 Destinations for Summer 2026, Pushing Network Past 160 Cities

Qatar Airways is adding 26 destinations for summer 2026, lifting its network past 160 cities after a record QAR 7.08bn annual profit.

UAE Petrol and Diesel Prices July 2026: Fuel Rates Drop Sharply Across All Grades

UAE petrol prices July 2026: Super 98, Special 95, E-Plus 91 and diesel all fall sharply from July 1. See the new per-litre rates and what they mean.

Bahrain Attracts Record $1.8 Billion in FDI as Fintech and Financial Services Lead Growth

Bahrain FDI hits a record $1.8 billion across 99 projects, set to create 7,400+ jobs, as fintech and financial services lead the kingdom's growth toward 2026.

Oman Launches $2.4 Billion in New Projects to Kick Off Vision 2040’s Next Phase

The Oman Vision 2040 investment drive launches $2.4 billion in tourism, manufacturing and digital projects, creating 1,850+ jobs as the 2026-2030 plan begins.

Kuwait’s New Mortgage Law Set to Transform Housing Finance and Boost the Economy

The Kuwait mortgage law 2026 lets banks provide housing finance for the first time, easing the housing crunch and opening a major new growth market for lenders.

Qatar’s North Field LNG Expansion Set to Power Record Economic Growth in 2026

The Qatar North Field LNG expansion is set to lift capacity to 142 Mtpa and drive record GDP growth in 2026, while tourism and finance broaden the economy.

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