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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

03/04/2025

	Saudi Arabia sees record $41bn in inbound tourism spending as Vision 2030 projects come to life Inbound tourism spending in Saudi Arabia surged to a record SR153.61 billion ($40.95 billion) in 2024, marking a 13.82 percent annual increase, according to data from the Saudi Central Bank.
	GCC’s digital push nears global standards but gaps remain: IMF report Economies across the Gulf Cooperation Council region are closing the gap with advanced nations when it comes to digital transformation, according to a new International Monetary Fund report.
	New Saudi real estate directives reinforce home ownership goals: Finance minister Saudi Arabia’s newly announced real estate directives underscore the Kingdom’s commitment to increasing homeownership among its citizens, according to the finance minister.
	Saudi Arabia’s non-oil exports to UAE surge 10% in January: GASTAT Saudi Arabia’s non-oil exports to the UAE rose to SR7.10 billion ($1.89 billion) in January, a nearly 10 percent monthly increase, highlighting the Kingdom’s push to diversify beyond oil revenues.
	Oman’s Islamic banking assets surge 17% to $22.3bn in 2024 Islamic banking in Oman continued its rapid expansion in 2024, with total assets reaching 8.6 billion Omani rials ($22.3 billion) by December — marking a 16.6 percent increase from the previous year, official data showed.
	UAE reaches 26 trade agreements under economic partnership initiative The UAE has signed five new trade deals so far in 2025, bringing the total number reached under its Comprehensive Economic Partnership Agreement program to 26.
	New laws simplifying Saudi business registration to take effect Saudi Arabia is set to introduce significant changes to its business registration system when the new Law of Commercial Register and Law of Trade Names take effect on April 3.

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