Construction costs set to rise in UAE, Saudi Arabia in 2024: Report
Dubai, UAE --Â Construction costs are set to increase in the UAE by 2-3 percent, and in Saudi Arabia by 5-7...
Business
Non-Jordanian workers under deportation allowed to rectify status
The grace period decision included undocumented expats, who are currently still in the Kingdom
- The grace period decision included undocumented expats, who are currently still in the Kingdom
- The ministry said the guest workers must regularise their status and pay work permit fees and fines for delays in issuing these permits
Interview
Tinder Swindler opens doors for justice, says Pernilla
The star of the documentary drama, Pernilla Sjoholm, said that they have received support from the people. She said that...
- Actor says they have received a lot of support from people who have watched the docudrama
- She said that the documentary drama has helped opened doors for justice
Economy
Jordan’s GDP grows 2.5 percent in Q1, hospitality sector biggest gainer
Jordan's Gross Domestic Product (GDP) at constant market prices grew by 2.5 percent in quarter one of 2022, compared to...
- The Department of Statistics (DoS) of Jordan said economic sectors rose in quarter one of the current year.
- Hotels and restaurants sector came first with 6.8 percent, followed by construction sector with 5.3 percent.
Economy
Iraq’s June crude oil export revenue $11 billion: Ministry
Iraq received in excess of $11 billion as revenue for crude oil export in June, the Ministry of Oil said....
- Crude oil export in June from oil fields in central and southern Iraq amounted to (97) million (980) thousand and (589) barrels.
- Total exported quantities from Kirkuk fields through Ceyhan port amounted to one million (910) thousand and (887) barrels.
Geostrategy
Arab finance ministers mull over food security, Ukraine war
Foreign ministers of Arab nations discussed in Beirut a range of regional crises, with emphasis on food security and the...
- The discussions of the ministers dealt with the impact of the Ukraine war on the region and food security
- As for the Ukraine war, the Arab diplomats were unanimous in rejection of any politicization of international organizations
Economy
Biggest tax cut in a decade will save British workers millions: Johnson
Speaking at the NATO summit in Madrid, Johnson said the "very, very tight labor market" and difficult "balance of our...
- The PM said when the National Insurance threshold rises Wednesday, it will save 30 million British workers up to $400 a year.
- He said there is a "big chance" to fix unnecessary cost pressures for people and businesses across the UK.
Videos
MENA expects $320bn AI share in economy
Artificial Intelligence market is growing in the Middle East by an estimated 20 percent to 34 percent annually, with GCC...
- By 2030, some 70 percent of companies might have adopted at least one type of Artificial Intelligence (AI) technology.
- Less than half will have fully absorbed the five categories of AI: computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning.
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.
Construction costs set to rise in UAE, Saudi Arabia in 2024: Report
Dubai, UAE --Â Construction costs are set to increase in the UAE by 2-3 percent, and in Saudi Arabia by 5-7...
Business
Company News
Latest News
Saudi PIF acquires 9.5% stake in offshore wind energy developer Skyborn
Dubai---Saudi Arabia's sovereign wealth fund, the Public Investment Fund, had acquired a 9.5 percent stake in Skyborn Renewables, an offshore...
Business
Saudi Crown Prince meets Jordanian PM in Riyadh
Earlier on Monday, Jordanian-Saudi ministerial meetings were held to discuss bilateral cooperation in various fields.
Geostrategy
Turkey discovers 150m barrels of oil reserves worth $12bn: Erdogan
Erdogan said Ankara aims to increase its daily production to 100,000 barrels by the centennial of the Republic of Türkiye.
Economy
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Business
Saudi communications ministry inks MoU with Huawei
Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a...
- Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a superfast broadband infrastructure
- Huawei will work with the Ministry to support digital entrepreneurs working on smart cities, IoT, AI, gaming, fintech, e-commerce, and blockchain projects
Economy
Dubai International Chamber launches three new offices in Cairo, Tel Aviv, Istanbul
The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13.
- The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13
- International offices have a dual mission of supporting and guiding Dubai companies through every stage of their global expansion
Economy
Jordan and Saudi Arabia to boost cooperation, strategic ties
Amman, Jordan— Jordan and Saudi Arabia held discussions on enhancing bilateral cooperation in various fields and boosting strategic ties between...
- Both countries reaffirmed their keenness to enhance cooperation and bilateral integration, and to leverage available and joint opportunities in various fields
- The two sides discussed projects that would deepen bilateral cooperation in economic, investment, trade, energy, water, and transportation