Airbus tops Boeing in 2022 plane orders

• In terms of deliveries, Airbus finished the year having 661 planes arrive with clients, much higher than Boeing's 480
• Both companies have been forced to reset expectations about their capacity to build planes as quickly as the industry would like

Saudi Arabia’s industrial production rose 8.6% in November 2022, says GASTAT

• In November 2022, mining and quarrying grew by 5.7 percent compared to November 2021.
• Manufacturing activity increased by 19.7 percent compared to the same month of the previous year.

Masdar inks deal to produce 1GW of clean energy in Kyrgyzstan

• The projects, with a total capacity of up to 1 gigawatt (GW), start with a 200-megawatt (MW) solar photovoltaic (PV) plant.
• The 200 MW plant is scheduled to begin operation by 2026.

Abu Dhabi Chamber enhances digital Effortless Certificate of Origin service

• The Abu Dhabi Program for Effortless Customer Experience supports Abu Dhabi’s human-centric approach.
• It enables everyone living and working in the emirate and visitors to carry out tasks quickly, seamlessly and effortlessly.

Investcorp set to invest $1bn in GCC real estate over next five years

Saudi Arabia mulling $10bn more investment in Pakistan

• In December last year, the kingdom had extended the term of a $3 billion deposit to boost Pakistan's foreign currency reserves
• Today’s announcement comes a day after Chief of Army Staff General Asim Munir held a meeting with Prince Salman in Madina

DIFC hosts over 250 companies managing assets worth $450bn

• The contribution of financial companies operating from DIFC to the financial services sector in the country exceeded 13% of the nominal GDP of Dubai during 2021, Amiri said
• The DIFC has already been ranked first in the Middle East and among the top 20 globally on the Global Financial Centres Index for 2022

QatarEnergy, Chevron Phillips Chemical partner to build Ras Laffan complex

• Both firms will establish a joint venture company, in which QatarEnergy will own a 70% equity share, and CPChem will own a 30%
• The Ras Laffan Petrochemicals complex is expected to begin production of olefins and polyethylene in 2026

Production at Karbala refinery will start in mid-March: Iraq

• The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9 million litres per day
• Iraqi oil minister said that the production can be increased to 12 million liters, which will cover a large proportion of up to 75 percent of domestic consumption

Saudi ports record 13% annual rise in 2022 freight tons

• The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035 billion TEUs a year earlier
• The growth in imported and exported boxes rose 5 percent to 4.839 billion TEUs from 4.628 billion TEUs in the previous period