Dubai wins right to host 349 business event in 2023
DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...
Business
Palestinians count cost of Israel’s West Bank raid
Palestinians held funerals and assessed the damage of a days-long Israeli raid in the occupied West Bank, where violence has...
Geostrategy
Economy
‘US$50bn investment a milestone in UAE’s climate action efforts’
The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts...
- The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts
- The amount will be utilized to scale up climate action efforts through the deployment of clean energy solutions in UAE and abroad
Economy
CBJ asks local banks not to change interest rates on loans
The Central Bank of Jordan issues a circular asking local banks not to change interest rates on loans to individuals....
- The Central Bank of Jordan issues a circular asking local banks not to change interest rates on loans to individuals
- CBJ’s decision comes in light of the current changes to interest rates and to ease the burden of repaying loans for individuals
Geostrategy
EU unveils ‘new strategic partnership’ with GCC
European Union has unveiled a new strategic partnership with the GCC, aiming to deepen the ties with the Gulf countries.
- European Union High Representative Josep Borrell will present a new EU strategic paper on relations with the Gulf Cooperation Council (GCC) at a formal meeting of EU foreign minist
- The two sides are expected to launch joint projects in the coming months in a number of areas
Economy
9 licences issued over 13 years for Barakah Nuclear Power Plant: FANR report
The FANR has received 11 international review missions led by the International Atomic Energy Agency (IAEA)
- The FANR has received 11 international review missions led by the International Atomic Energy Agency (IAEA)
- The report says the UAE is a party to over 13 international conventions, including 'The Comprehensive Safeguards Agreement'
Geostrategy
UAE president calls for global collaboration at Biden’s climate summit
The UAE president emphasised that the UAE, as an active partner of the global community, is determined to hold a...
- The UAE president emphasised that the UAE, as an active partner of the global community, is determined to hold a COP28 in 2023
- He highlighted the UAE’s investment of more than $50 billion in renewable energy projects across 40 countries
Business
UAE industry leaders attend program on AI industry applications
The second edition of Industry 4.0 and AI for Industrial Leaders that saw the participation of industry leaders in the...
- The Industry 4.0 and AI for Industrial Leaders is collaboration between Ministry of Industry and Advanced Technology and Mohamed bin Zayed University of Artificial Intelligence.
- The program provides decision makers with the necessary technical knowledge to harness the power of AI in industry by determining optimum 4IR adoption strategies.
Geostrategy
‘Delay in govt formation, budget approval to hit Iraq’s economy’
A report issued by the World Bank warns of the delay in forming a government in Iraq and of not...
- A World Bank report warns of the delay in forming a government in Iraq
- Report warns of impact of budget's non approval on the country's economy
Geostrategy
UAE seeks Iran assurance on ‘peacefulness’ of nuclear programme
The United Arab Emirates urged Iran on Friday to provide reassurances on the peaceful nature of its nuclear programme after...
- The permanent representative of the UAE to the IAEA, Hamad Al Kaabi called on Iran to "closely cooperate with the IAEA".
- The UAE has the first nuclear power plant in the Arab world, which lies just across the Gulf from Iran which has a nuclear power plant of its own in Bushehr.
Geostrategy
No database on number of Iraqi refugees abroad, says govt
Iraq's Ministry of Migration and Displacement said they do not have a database on the numbers of Iraqi refugees abroad...
- Iraq's Ministry of Migration and Displacement says they don't have the number of Iraqi refugees abroad
- The ministry says it is ready for any situation for internally displaced persons as they possess adequate experience
Economy
Venezuelan President calls on Qataris to invest in his country
President of Venezuela Nicolas Maduro, called on Qatari businessmen to invest in his country, to enjoy the benefits offered by...
- President of Venezuela Nicolas Maduro reviewed opportunities for tourism and investment cooperation
- Maduro said his government has developed plans to promote 18 vital sectors for the economy
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
Dubai wins right to host 349 business event in 2023
DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...
Business
Company News
Latest News
Xi visit marks 34 deals between Saudi, Chinese firms ahead of China-Arab meeting and China-GCC summit
The Chinese president's visit to Saudi Arabia aims at 'qualitative leap' in bilateral ties and the 'largest-scale diplomatic activity between...
Geostrategy
UAE’s non-oil foreign trade at the end of third quarter $445 billion
Abu Dhabi, UAE----UAE's non-oil foreign trade increased by 19 percent by the end of the third quarter, compared to the...
Economy
Saudi EXIM Bank, Korean Commercial Insurance Company sign MoU
Riyadh, Saudi Arabia---The Saudi Export-Import Bank signed an MoU with the Korean Commercial Insurance Company (K-SURE), which is Korea’s export...
Business
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Business
AD Ports Group, Africa Finance Corporation sign collaboration agreement
Abu Dhabi, WAM---AD Ports Group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider...
- They will collaborate on identifying, financing, developing and investing in much-needed ports, warehouses, maritime and logistics infrastructure projects across Africa.
- Both parties will bring their technical expertise and financial capacity and networks to a range of development initiatives, focusing on brownfield and greenfield opportunities.
Economy
CBUAE imposes financial sanction on UAE exchange house
The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE.
- The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE
- The CBUAE, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws
Economy
Debt-service payments from IDA’s countries to top $62bn in 2022: World Bank
The report highlights rising debt-related risks for all developing economies - low as well as middle-income economies.
- The report highlights rising debt-related risks for all developing economies - low as well as middle-income economies
- Rising interest rates and slowing global growth risk is tipping a large number of countries into debt crises