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Tag: MENA

MENA refers to the Middle East and North Africa region, encompassing countries across the Arab world and parts of surrounding territories. It is a strategically important economic zone driven by energy, finance, trade, and digital transformation, attracting global investment and serving as a key bridge between Europe, Asia, and Africa.

QatarEnergy shared new oil discovery at Merlin-1X well in Namibia waters

QatarEnergy shared new oil discovery

QatarEnergy shared new oil discovery results from the Merlin-1X well offshore Namibia this week. The well sits inside Petroleum Exploration License 39, a block in the Orange Basin. Engineers found good reservoir quality, light oil, and limited associated gas at the site. These early signs point to the strongest subsurface results recorded under this license […]

GCC banking sector revenues reach records as lending stays strong in Q4

GCC banking sector revenues

The quarterly rise reached 1.7 percent, showing banks still expanded income despite softer fee generation. Net interest income did most of the work as lending volumes increased across major Gulf markets. Non-interest income slipped after seven rising quarters, trimming part of the gain from core banking activity. At the same time, impairments climbed to their […]