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
Arts & Culture
Saudi youth excel in event management in Jeddah Season
Saudi youth make their mark in event management during Jeddah Season where they comprise over 80 percent of the workforce...
- Saudi youth are over 80 percent of the workforce in event management in Jeddah Season
- Saudi youth demonstrate their ability and success to manage and organize events
Business
Dubai Chamber members’ exports up 28 percent in May, highest since 2018
The strength of the Dubai economy, the flexibility of the emirate's merchants and the value of Dubai Chamber of Commerce...
- Dubai’s strategic plan to boost foreign trade by up to AED 2 trillion ($544 billion) in five years, Al Ghurair said.
- GCC countries accounted for 55 percent of the total exports and re-exports of the members in May 2022.
Economy
Work in water reservoir project in Hatta ahead of schedule
The project includes the construction of two reservoirs with a storage capacity of 30 million gallons of desalinated water, supporting...
- Progress in the Hatta water reservoir project is ahead of schedule as 36 percent completed compared to 32 percent target
- The project has a capacity of 30 million imperial gallons at a cost of approximately AED 86 million
Videos
High taxes on tobacco in MENA weans users off habit
The use of tobacco by people across the world has gone down, and the Middle East has been no exception,...
- The World Health Organization (WHO) said tobacco users have decreased from 1.32 billion 2015 to 1.30 billion in 2021
- In the UAE, the trade in tobacco went down from Dh410 million to Dh62.4 million
Economy
Address needs of women entrepreneurs: DG WTO at MC12
Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
- Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
- A strong and effective WTO is critical for these women, which is one more reason why delivering results at MC12 this week is so important, she added
Business
Ladun to list on Nomu
The Saudi firm's IPO was priced at $4.8 per share.
- The company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription
- The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital
Business
Jordanian army seizes big haul of drugs on border with Syria
Jordan has foiled an attempt to smuggle drugs into the kingdom from its border with Syria, seizing 900,000 Captagon pills...
- Jordanian army has ramped up operations against drug smuggling from Syria which, it said, has been increasing dramatically
- Director of JAF Military Media Department Col. Mustafa Hiyari recently accused Iran and Syria of sponsoring drug dealers operating in Syria
Economy
US gasoline average price tops $5 per gallon in historic first
The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day...
- The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day earlier
- Adjusting for inflation, the US gasoline average is still approximately 8% below June 2008 highs around $5.41 a gallon, according to US Energy Department figures
Business
Qatari, Swiss firms discuss investment prospects in medical tourism
The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and...
- Ambassador of Switzerland to Qatar, Edgar Dorig, said there are various opportunities to enhance Qatari-Swiss cooperation in multiple sectors.
- He noted that the volume of trade between the two countries rose to more than QR 5 billion in 2021, witnessing an increase compared to 2020.
Geostrategy
Ahead of food security meet, WTO chief ‘cautiously optimistic’
The WTO is hoping to keep criticism of Russia's war in Ukraine to the first day of talks, when many...
- With its first ministerial meeting in years, the WTO faces pressure to finally eke out long-sought trade deals and show unity.
- EU's Valdis Dombrovskis said the bloc is "working hard with all the members to prepare a multilateral food security package".
Company News
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Saudi Arabia launches drive to embed role of culture in development
Riyadh, Saudi Arabia— Saudi Arabia has unveiled the "Culture & Green Future" initiative, aiming to enhance the role of culture...
Arts & Culture
First shipment of UAEGD-compliant gold exported to Indian International Stock Exchange
The UAEGD is a standard that provides a framework for the gold sector, in line with international best practices.
Economy
IATA expects airline losses in 2022 to slide down to US$9.7bn
Geneva, Switzerland— The International Air Transport Association (IATA) has upgraded its outlook for the airline industry’s 2022 financial performance as...
Business
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Economy
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...
- The value of exports at the end of the third quarter amounted to AED275 billion, a growth of nine percent, and re-exports recorded a growth of 22 percent.
- Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi said country's policies, legislations and economic relations and agreements have "begun to bear fruit".
Business
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...
- They will enhance import and export activities between the two countries, including export of environmentally friendly energy sources produced in Saudi Arabia.
- Under the terms of the memorandum of understanding, the two parties will share experiences and knowledge, cooperate to provide financing solutions.
Geostrategy
Chinese flags flutter in Saudi capital as Xi visits kingdom for first time since 2016
Riyadh, Saudi Arabia---The Saudi capital was bedecked with Chinese flags ahead of President Xi Jinping's visit on Wednesday that is...
- The red-and-gold Chinese emblem alternated with the green flag of Saudi Arabia along major roads in Riyadh, while Xi was pictured on the front pages of newspapers.
- China, the world's second-biggest economy, is the top customer for oil from Saudi Arabia, the leading exporter of crude, and both sides appear keen to expand their relationship.