Iran-EU trade surpasses US$5bn in 2023, says Eurostat
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
Business
Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
Business
European monetary policy: Same hat doesn’t fit all
The Europe's apex bank is expected to gradually tighten monetary policy whilst using asset purchases to support weaker countries in...
- The European Central Bank has the impossible task of setting a single monetary policy that is suitable for a diverse mix of countries in very different situations, says QNB
- The ECB will gradually tighten monetary policy while using asset purchases to support weaker countries in the periphery in a bid to avoid a full-blown resurgence of the Euro
Business
SVC to invest in Venture Debt Fund
The fund will offer venture debt tools to startups and SMEs.
- SVC CEO Nabeel Koshak said the investment is part of the company's program to invest in funds.
- Koshak said funds offering venture debt tools provide financing solutions for startups, and SMEs, known for their quick growth rates.
Business
Sharjah a vital tourist destination, says business body
The Sharjah Chamber of Commerce & Industry organized a business meeting with the Embassy of the Republic of North Macedonia...
- Sharjah Chamber of Commerce & Industry organizes a meeting with North Macedonia Embassy in the UAE
- In the meeting with a North Macedonia delegation, SCCI promotes the emirate’s tourism potential
Business
Saudi minister appreciates Seafarers’ role in maritime sector
Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, praised the seafarers for their role in the global maritime...
- The minister was speaking on the occasion of the International Seafarers Day, observed on June 25.
- More than 1,000 Saudi sailors work onboard the Saudi Naval Fleet, which in 2021 recorded advanced ranks in the tonnage side, and ranked first regionally and 21 globally.
Economy
UAE’s EHS, Johnson & Johnson ink MoU on healthcare
Emirates Health Services has signed a MoU with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced...
- UAE''s EHS has signed a MoU with Johnson & Johnson to strengthen collaboration towards developing more advanced health services
- The agreement will also strengthen collaboration in developing innovative hi-tech solutions to support the health sector in the country
Videos
Climate change fight a priority for COP 28 host
From making solar energy available at 1.35 cents per kilowatt hour to building three of the world's largest solar parks,...
- Abu Dhabi has committed more than $20 billion to renewable energy programs through Masdar, which has expanded the UAE’s renewable energy portfolio 400 percent in the last 10 years.
- The UAE has three of the world’s largest solar plants and is rapidly building more.
Economy
Abu Dhabi explores clean energy solutions in Canada
The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United...
- The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United Nations Climate Change Conference of the Parties (COP28) next year
- The conference will focus on upholding climate commitments, inclusion for all, and collaboration towards implementing concrete measures and developing practical solutions
Business
Saudi seeks British investment in industrial and mining sectors
Saudi Arabia is seeking to convince investors and companies in Britain to make investments in the kingdom's industrial and mining...
- In this connection, Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef held a meeting with companies and investors in Britain
- The ministry of Industry also invited attendees to the international mining conference that the Kingdom holds annually in the city of Riyadh
Business
UAE: a trendsetter in regulating cryptocurrency market
The UAE, Japan and Singapore have emerged as the trendsetters in regulating the crypto-currency market effectively, according to a top...
- The UAE has moved past the stage of appealing for existing authorities to work together
- By pushing ahead to promote cryptocurrencies and ensure official oversight, the UAE puts it ahead of other countries and jurisdictions
Geostrategy
Iraqi PM meets Saudi Crown Prince, traveling to Iran later
Al-Kadhimi’s visit, reports said, is aimed at reactivating Baghdad-mediated talks between the kingdom and Iran.
- Al-Kadhimi’s visit, reports said, is aimed at reactivating Baghdad-mediated talks between the kingdom and Iran
- The Saudi-Iran talks began in Baghdad in 2021 are geared to defuse longstanding tensions between the regional rivals
Iran-EU trade surpasses US$5bn in 2023, says Eurostat
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
Business
Company News
FIFA World Cup Qatar will be the best, says Infantino
Arts & Culture
GAL-AMMROC, GMF ink pacts
Business
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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
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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.