Oman to expand production of green hydrogen to boost non-oil economy
Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...
Business
Business
Bahrain announces ban on single-use plastic bags from Sept. 19
Bahrain has announced a ban, effective from September 19, on selling, manufacturing, circulating and importing single-use plastic bags, which are...
- The ministry said the ban would apply on selling, manufacturing, circulating and importing single-use plastic bags, which are less than 35 microns in thickness.
- Industry minister Al Zayani said that the ministry held stakeholder engagement sessions especially with the private sector through the Bahrain Chamber of Commerce and Industry.
Videos
Relative debt of GCC countries
Here’s a look at which countries in the Gulf Cooperation Council (GCC) have how much debt, and how they compare...
- Global organizations like the World Bank could lend them money to improve their economy and infrastructure
- Nations have also been known to take loans from their own population, like in times of war, to raise money
Business
Qatar Development Bank investments in SMEs exceed $27 million
For the first time, direct investments supervised by Qatar Development Bank in SMEs has exceeded QR 100 million ($27 million)....
- The total amount of direct and indirect investments in the bank’s portfolio has reached QR 220 million.
- The Bank held the 4th edition of the Investment Forum, in which it launched the first investment platform of its kind in the State of Qatar.
Business
Saudi Arabia to host Global Cybersecurity Forum in November
The National Cybersecurity Authority is organizing the annual event under the theme Rethinking the Global Cyber Order.
- Over two days, experts from around the world are expected to gather to address the most pressing issues facing the cyberspace
- These include the evolving international order in cyberspace, the state of cybersecurity threats, and the solutions to threats
Economy
Morocco unveils new tourism promotional campaign
"Morocco, Land of Light" aims to position Morocco among the most coveted global tourist destinations and strengthen its attractiveness to...
- "Morocco, Land of Light" aims to position Morocco among the most coveted global tourist destinations and strengthen its attractiveness to the international public
- The campaign is the cornerstone of the Morocco promotional action dedicated to international tourism, both in traditional and emerging markets
Economy
Iran exports to Africa up by 107% to $1,195m
The first five countries for Iranian exports were Ghana ($353 million), South Africa ($254 million), Nigeria ($125 million), Mozambique ($98...
- The first five countries for Iranian exports were Ghana ($353 million), South Africa ($254 million), Nigeria ($125 million), Mozambique ($98 million), and Kenya ($77 million)
- Sixth to tenth were Sudan with $73 million, Algeria with $67 million, Tanzania with $55 million, Somalia with $29 million, and Ethiopia with $11 million
Business
Saudi Arabia licenses 109 new factories worth $667m in March
The total number of factories that began actual production in Saudi Arabia reached 261 in March, with investments reaching $1.6...
- With the new licenses, the total number of factories across the country is now 10,489
- Meanwhile, the total number of workers in these licensed factories stands at 3,497
Science
UAE-made MBZ-SAT to be launched in late 2023: Al Marri
The satellite made by Emirati engineers will support the Emirati space sector as it is the most advanced high-resolution satellite...
- The satellite made by Emirati engineers will support the Emirati space sector as it is the most advanced high-resolution satellite in the region
- Al Marri said that a specialist team was sent to South Korea 17 years ago, which led to the establishment of the current Emirati space programme
Business
AMF signs MoU with Afreximbank
Buna and PAPSS will act as payment gateways that link the Arab region to the African continent
- Buna and PAPSS will act as payment gateways that link the Arab region to the African continent
- The collaboration will support the growth of trade and investments between the Arab region and Africa
Economy
Lebanon annual inflation surges more than 200%
Annual Inflation in Lebanon has spiked to 208 percent in March despite the intervention of the country's Central Bank. According...
- According to the government data, transportation costs rose 489 percent compared to March 2021, with health expenses up 441 percent
- Food and beverages climbed 390 percent, while restaurant and hotel costs went up by 349.45 percent
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Oman to expand production of green hydrogen to boost non-oil economy
Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...
Business
Company News
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Stc posts US$2.5bn profit in Q3
Business
Abu Dhabi to host Annual Investment Meeting in May 2023
The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead...
Economy
UAE takes part in IORA meetings in Bangladesh
DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and...
Geostrategy
Americana UAE IPO share price is $0.75
The company is the largest quick service restaurant operator in MENA.
Business
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Geostrategy
GCC rejects malicious media campaign targeting bloc
Beside approving various programmes and joint projects, the region's information ministers discuss strategic plan for joint media cooperation between the...
- Beside approving various programmes and joint projects, the bloc's information ministers discuss strategic plan for joint media cooperation between the GCC countries.
- The ministers also approve cooperation projects between news agencies, electronic media and cooperation in the field of external media
Economy
EIC calls UAE as the leader in renewable energy sector
London, UK --The Energy Industries Council (EIC), one of the world’s largest energy trade associations, has released a report on...
- An EIC report titled “UAE: EIC Country Report – November 2022”, highlights the UAE’s Hydrogen developments in the sector.
- “The UAE could be a key player and deliver 25 percent of the production of the global low-carbon hydrogen market by 2030,” the report said
Business
Nestle pours $1.8 bn in S Arabia
Firm said this will help bolster its presence in kingdom.
- Nestle's announcement is likely to be a major boost to Saudi Arabia as the kingdom pushes to attract greater foreign investment.
- Nestle will build a new factory, due to open in 2025 that will produce infant nutrition products and ready-to-drink coffee.