Saudi Arabia’s tourist spending reaches $40bn: minister
Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...
Business
Aramco, Sempra ink Port Arthur LNG royalties deal
Aramco's 25% participation in Port Arthur LNG Phase 2 aims to expand its gas portfolio and meet the world's growing...
Business
Economy
Sharjah lists 4 categories eligible for retirement
The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age.
- The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age
- The second category is those who have sufficient funds set aside in the Sharjah Social Security Fund
Economy
Yemeni Govt, IsDB, SPDRY launch economic empowerment program in Yemen
The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production...
- The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production chains
- The program's three main pillars include financing e-commerce solutions, providing consultations to develop value chains and technical skills for SMEs
Economy
500,000 clients in Saudi Arabia use e-notarization of social cases in 2022
The Saudi Notarization Law has transferred a number of such jurisdictions from courts to the notarial e-system.
- The Saudi Notarization law has transferred a number of such jurisdictions from courts to the notarial e-system
- E-notarization provides several services that dispense with paperwork and spare clients the need to visit notarial offices
Economy
Dubai launches business group to promote renewable energy usage
The UAE Government will invest AED600 billion ($163.36bn) in renewable energy by 2050 to meet the country's growing energy demand...
- Announced in 2017, the UAE Energy Strategy 2050 aims to reduce the carbon footprint on power generation by 70 percent.
- The UAE has since launched notable initiatives and taken significant steps towards realizing these goals by 2050.
Economy
Jordanian expats in Qatar sent home $440m in 2022
According to data recently released by the CBJ, Jordanian expatriates' remittances in the first ten months of 2022 increased by...
- According to data recently released by the CBJ, Jordanian expatriates' remittances in the first ten months of 2022 increased by 0.6 percent
- The Qatari exchangers said that remittances by Jordanian expatriates in 2022 may be the highest in several years
Business
Etihad Cargo to operate three more weekly flights to US from Apr 24
Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly...
- The additional flights will bring Etihad Cargo’s total cargo capacity to over 600 tons out of the US per week.
- The flights will be operated with both Airbus A350 and Boeing 787-9 Dreamliner aircraft with significantly less fuel consumption.
Economy
Sharjah EC discusses impact of commercial boards on urban appearance
SHARJAH, UAE - The Sharjah Executive Council (SEC) discussed on Tuesday a report on commercial boards made for economic institutions...
- The discussion covered a range of general government issues that would strengthen various sectors in Sharjah and their legal frameworks.
- Issues that advance public services and which would increase the competitiveness of the Emirate of Sharjah were also discussed in the meeting.
Economy
Qatar’s PPI rises by 5.22% in November 2022
On M-o-M basis, the PPI of November showed a decrease of 3.03 percent when compared to October 2022.
- On M-o-M basis, the PPI of November showed a decrease of 3.03 percent when compared to October 2022
- When compared to November 2021, the PPI of Mining for November 2022 showed an increase of 7.72 percent
Economy
Turkish exports rise 12.9% in 2022, says Erdogan
Erdogan explained that Turkish exports made their way to the markets of 197 countries and regions around the world.
- Erdogan explained that Turkish exports made their way to the markets of 197 countries and regions around the world
- Turkey is seeking to shift to a current account surplus through increased exports and lower interest rates
Business
Over a cuppa of coffee: Global, regional beverage brands to gather in Dubai
The Middle East and Africa coffee market is projected to grow at a CAGR of 7.5 percent between 2022 and...
- The Middle East and Africa coffee market is projected to grow at a CAGR of 7.5 percent between 2022 and 2027
- The UAE market is expected to grow at a CAGR of 8.3 percent between between 2021 and 2027
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Saudi Arabia’s tourist spending reaches $40bn: minister
Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...
Business
Company News
Latest News
Mashreq commits $30bn to UAE banking sector’s sustainable finance by 2030 pledge
DUBAI, UAE -Mashreq bank has been announced as one of the top contributors to the UAE Banks Federation’s (UBF) pledge,...
COP28 UAE
Biodiversity credits demand may rise to $180bn annually by 2050
The transformation hinges on nearly all major companies adopting nature-related goals, with biodiversity credits playing a major role.
Business
Saudi, Turkish firms ink 8 deals to boost Riyadh-Ankara business
Istanbul, Turkey - Saudi and Turkish companies, part of the Saudi-Turkish Business Council, signed eight trade agreements to strengthen trade...
Business
Most Read
COP28 UAE
Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan
Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement...
- The Kyrgyz Republic has set a target of reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050
- Central Asia is a significant emerging market for Masdar which has several agreements to develop solar and wind projects in the region
Geostrategy
Yemeni rebels attack British ship in Bab el-Mandeb Strait: report
Dubai, UAE - Rebels from the Yemeni Ansar Allah movement (the Houthi) have staged a drone attack on a British...
- The United Kingdom Maritime Trade Operations said earlier that it had received information about increased drone activity and, presumably, an explosion in Ban el-Mandeb
- Yemen’s Houthi movement said on Sunday targeted two Israeli ships with an armed drone and a naval missile, a spokesperson for the group’s military said
COP28 UAE
Tunisia aims to reach 30% renewable energy by 2030: Delegate to COP28
Dubai, UAE - Tunisia has set a goal to reduce greenhouse gas emissions by 45 percent by 2030, and is...
- Bringing attention to the modest 4 percent share of renewable energy, the delegate highlighted the environmental challenges it poses
- Tunisia is one of the first countries to announce its intention to achieve carbon neutrality by 2050, the delegate added.