Number of visitors to Qatar rises 31.9 percent in December, says report
DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...
Economy
Spain urges WTO meet in UAE to address de-globalization
ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...
Business
Economy
World Bank and Jordan Chamber discuss investment law
Jordan Chamber of Commerce Vice President discusses with a World Bank team the Kingdom's investment regulation law and the incentives...
- Jordan's Chamber of Commerce stressed on the need to offer clear incentives to projects in the pipeline.
- The move will help the private sector can publicize such incentives to lure in more investments.
Economy
Jordan imports 12.99mn barrels of crude oil in 2021
Jordan imported 11.8 million barrels of crude oil through the port of Aqaba, while a total of about 1.19 million...
- 1.19 mn barrels of Iraqi oil were imported since supply was launched in September 2021 until end of 2021
- Oil production from the Hamza oil field amounted to 105,000 barrels during 2021
Geostrategy
Social media sites choke Palestinian narrative: Monitoring group
Sada Social Center, a Ramallah-based social media monitoring group, said Facebook ranks first in suppressing Palestinian content, as 273 violations...
- For the first time, Clubhouse entered the war against Palestinian digital content, with at least 10 complaints.
- Violations ranged between removal of accounts and imposing restrictions on posting, especially when using terms such as occupation.
Economy
UAE approves 22 policies to speed up circular economy model
The UAE has approved 22 policies that focus on accelerating the implementation of the circular economy model in the UAE in...
- These policies will focus on accelerating the implementation of circular economy model in he UAE in manufacturing, food, infrastructure, and transport.
- A meeting of the Circular Economy Council also identified at least 16 circular economy activities that can create opportunities for businesses.
Economy
Jordan’s exports to Canada went up by 22 percent since 1997
During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent, from US$885,000...
- During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent
- Jordan and Canada have signed free trade, labor, double taxation, environment and investment agreements
Business
Tesla Model 3 joins Dubai corporation’s taxi fleet on trial basis
Tesla Model 3 has joined Dubai Taxi Corporation's fleet on trial basis, following the success of operating 172 Tesla vehicles...
- This follows the success of operating operating 172 Tesla vehicles in the limousine service since 2017.
- The trial operation aims to verify the efficiency of the vehicle when deployed in the taxi fleet in the emirate, Dubai’s Roads and Transport Authority (RTA) said.
Business
France looks to invest in Saudi energy, technology sectors
France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French...
- The French government and the private sector are working to expand the number of companies operating in the Kingdom, which currently stands at about 135
- The kingdom, according to the diplomat, is an attractive region with a suitable environment for investments in all its vital sectors.
Business
Qatar First Bank buys Gateway Plaza
The move aims to deepen Doha-based bank's presence in US real estate market.
- The purchase is the bank's fourteenth investment under its new Shari'a compliant real estate investment strategy
- The property houses the headquarters of prominent firms, with long lease terms and rental escalations
Analysis
Apex banks must act as severe stagflation hits markets
Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of...
- Surging food prices are a significant contributor to high headline inflation in many countries, including most major advanced economies
- Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and hurt global GDP
Arts & Culture
Jeddah Season 2022 concludes, 6m visitors attend events
Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13...
- Jeddah Season this year lasted for 60 days and it was full of exciting shows
- The shows, programs and activities took place across 13 locations in Jeddah
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
Number of visitors to Qatar rises 31.9 percent in December, says report
DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...
Economy
Company News
Sheikh Zayed Festival to air World Cup matches for fans
Arts & Culture
Latest News
Turkey’s auto sector grows 6% from Jan-Nov 2022
The sector witnessed the manufacturing of 1,210,331 cars in the period.
Business
GCC vows to unify stance of global environment issues
The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international...
Economy
UAE launches Arab world’s first ever lunar rover, will land in April 2023
Dubai, UAE - The Arab world's first lunar rover successfully took off to space on Sunday. The UAE-built Rashid Rover...
Science
Most Read
Business
Turkish investments in Algeria exceed $5 billion: Foreign minister
Algiers, Algeria--- Turkish investments in Algeria have exceeded $5 billion and the desired goal of $10-billion trade between the two...
- Mevlut Cavusoglu said the number of Turkish companies operating in Algeria exceeded 1,400.
- He said the desired goal of $10bn bilateral trade between the two countries could be achieved in a short time.
Videos
Is GCC insurance industry ready for the change?
Industry experts stress the need for harnessing the momentum the industry has gained after the recovery from Covid setbacks.
- PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness "the momentum they have gained" to meet new challenges.
- "Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world," says Sanjay Jain of PwC.
Economy
Saudi real GDP grows 8.8 percent in third quarter on rise in oil activities
Riyadh, Saudi Arabia---Saudi Arabia’s real gross domestic product grew by 8.8 percent in the third quarter of 2022 compared to...
- GASTAT noted that the real GDP growth in the third quarter was up 2.1 percent compared to the second quarter of this year.
- Government activities also rose by 2.5 percent in the third quarter compared to the same period a year ago.