you are currently viewing::GCC on track to see an uptick in local currency sukukApril 10, 2025-In the GCC, Saudi Arabia has been the only market ahead of the curve, having established its Saudi Riyal Local Sukuk Program in 2017. Source: zawya.com |
April 23, 2025—According to the World Bank's latest Middle East and North Africa Economic Update, entitled Shifting Gears: The Private Sector as an Engine of Growth in the Middle East and North Africa, the region is estimated to have grown at a modest 1.9 percent in 2024 and growth is forecast to moderately rise to 2.6 percent in 2025.