UAE real GDP to grow 5.3 percent in 2024: S&P Global
Abu Dhabi, UAE-- The UAE's real GDP will grow 5.3 percent in 2024, compared to 3.4 percent in 2023, according...
Economy
UAE and Jordan leaders discuss boosting economic, investment ties
Amman, Jordan-- The UAE and Jordan have explored opportunities for collaboration in the fields of economy, investment, food security, renewable...
Geostrategy
Qatar could make $20 billion from hosting soccer World Cup next year
The figure of $20 billion represented 11 percent of the country’s gross domestic product in 2019 The construction and...
Palestinians cancel deal to trade vaccine doses with Israel
The Palestinian Authority said it cancelled the deal as the doses were "about to expire" Palestinian spokesman Melhem said they...
Chinese jab added hurdle for some African visitors to EU
Travelers to Europe must be inoculated with the AstraZeneca, Johnson & Johnson, Pfizer/BioNTech and Moderna vaccines The Chinese vaccines...
Lebanon seizes drugs from a shipping container headed for Saudi Arabia
The consignment of millions of amphetamine pills was hidden in a shipping container Saudi Arabia had banned imports of fruit...
Bahrain’s Batelco looks to dual list on Tadawul, could be first to do so
Bahrain’s biggest telecommunications firm has hired the investment arm of Samba Tadawul has been trying to encourage Middle Eastern...
Arab countries vie with each other in $200 billion green hydrogen race
With its abundant sunlight and wind resources, the Middle East could be the hub of renewable energy The...
Abu Dhabi Police warns against fraud, scam calls requesting bank data
The police have warned people not to fall for small text messages that simulate government institutions Fraudsters obtain information...
US cutting forces, missile batteries in Middle East
The move comes as President Joe Biden's administration seeks to ease tensions with Iran The US military is rapidly...
Global powers to help Lebanon’s crisis-hit army
France has led international efforts to help Lebanon The army has long been seen as one of the few institutions...
Israel strikes Gaza for second time since ceasefire
AFP journalists in the Palestinian enclave reported hearing explosions, which the army said hit sites in both Gaza City and...
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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
UAE real GDP to grow 5.3 percent in 2024: S&P Global
Abu Dhabi, UAE-- The UAE's real GDP will grow 5.3 percent in 2024, compared to 3.4 percent in 2023, according...
Economy
Company News
Gulf Bank to up paid-up capital
Business
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Alantra sets up base in DIFC
Business
Iran president warns of escalation in war in Palestine
Tehran, Iran-- President of Iran, Ebrahim Raisi, has warned of an escalation in the war in Palestine if in his...
Geostrategy
GCC states post 7.3 percent GDP growth in 2022: Albudaiwi
Marrakech, Morocco-- In spite of economic disruptions, policymakers in the GCC countries have successfully alleviated the economic ramifications of the...
Economy
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Business
Phoenix set for IPO on ADX
It is the first crypto entity to be listed on a Middle East bourse.
- The firm specialises in a range of services, from high-performance computing to crypto and cloud mining, data centre hosting, crypto trading, and crypto mining products
- The IPO on Abu Dhabi Securities Exchange would be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market
Economy
UAE allots US$200m to boost growth in low-income countries
Marrakech, Morocco-- The UAE has allotted $200 million to the Poverty Reduction and Growth Trust (PRGT) to expand concessional financing...
- The minister made the announcement during the International Monetary and Financial Committee (IMFC) gathering in Marrakech
- The allotment of money aligns with the UAE’s efforts to realize the United Nations’ Sustainable Development Goal to eradicate poverty
Business
Kuwait Fund and Central American Bank sign MoU
Marrakesh, Morocco-- Kuwait Fund for Arab Economic Development (KFAED) and the Central American Bank for Economic Integration (CABEI) have signed...
- The MoU between the two entities is designed to respond to humanitarian crises and natural disasters, and to exchange information
- The agreement was signed by KFAED's Director-General Waleed Al-Bahar and CABEI's Executive Vice President Jaime Palacios in Marrakech