• Jordanian industrialists call for export diversification

    AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...

    They called for expanding outreach to foreign markets, fostering collaboration between the government and the industrial sector.

    Jordan has taken several measures to stimulate domestic exports, improve market access and maximize the benefits of existing free trade agreements.

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    Dubai, Abu Dhabi real estate market thrives in Q1 2024

    “2024 has opened up to an interesting and promising phase of growth within our sector. As proptech leaders, we can...

    In Abu Dhabi, Q1 2024 recorded 814 residential transactions representing around 38% of the total transactions

    Data from the Dubai Land Department showed a significant surge in total sales transactions in Q1 2024

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    March sees GCC Index drop as heavyweight sectors lag

    GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in...

    The decline was mainly led by seasonal selling pressure during Ramadan as investors booked profits after last month’s healthy gains

    Qatar suffered the steepest fall by 6.0%., Saudi Arabia was next with a slide of 1.8% while Kuwait and Dubai indices fell by 1.5%

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    Abu Dhabi’s private sector grows by over  35 percent in 2023

    ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...

    Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.

    Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.

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    Saudi Arabia offers 50% discount on accumulated traffic fines before April 18

    Riyadh, Saudi Arabia - The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of...

    The objective is to incentivize offenders to settle their fines within a six-month window from the commencement of the initiative

    Payment options include either clearing all fines at once or settling each fine individually, provided there are no additional safety-related violations

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    Exports key target of GCC hydrogen strategies

    Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP,...

    Bamford told TRENDS that the region is blessed with ample solar and wind resources needed for generating the lowest-cost electricity that is eventually needed to produce hydrogen.

    The emergence of the hydrogen industry in GCC nations promises significant economic opportunities, with projections suggesting a market worth $100 billion by 2030.

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    Saudi Arabia offers 6 mining opportunities for local, international investors

    Riyadh, Saudi Arabia - The Saudi Ministry of Industry and Mineral Resources on Wednesday announced six new mining opportunities for...

    The opportunities are part of the fifth round of mining competitions for exploration licenses and encompass gold, copper, zinc, lead, and silver ores

    Investment opportunities for exploration licenses include Al-Halahila site in the Najran region, estimated to be more than 34 square kilometers in size

  • Gold hits fresh record above $2,300 as Fed hints at easing monetary policy

    On Thursday, bullion touched $2,304.96 per ounce, according to Bloomberg News, after Fed boss Jerome Powell said it would likely...

    Gold has chalked up multiple records over recent weeks as the US Federal Reserve indicates it is about to begin easing monetary policy which makes it more attractive to investors

    Its popularity as a safe haven in times of turmoil has also provided plenty of support, with traders fretting over the Middle East crisis and the ongoing war in Ukraine

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    Abu Dhabi targets 39.3 million visitors by 2030

    Emirate's new tourism strategy aims to increase the sector’s contribution to GDP from $13.34 billion in 2023 to $24 billion...

    The Strategy will generate an estimated 178,000 new jobs by 2030 as the entire tourism infrastructure develops to meet this demand

    It intends to almost double international overnight visitors from 3.8 million in 2023 to approximately 7.2 million in 2030

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    Russia becomes world’s fourth-biggest LNG producer, says PM

    MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year. The Russian...

    Mikhail Mishustin said that the volume of LNG exports rose almost three-fold in six years.

    In January - February 2024, natural gas production in Russia increased by 11.3 percent year-on-year.