Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’
DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...
Business
Maisarah leads Oman government’s successful sukuk issuance
MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk...
Business
Economy
Morocco: World Bank forecasts 1.1% growth in 2022, 4.3% in 2023
"Growth in Morocco is projected to slow to 1.1 percent in 2022, as agricultural output declines by 17.3 percent due...
- "Growth in Morocco is projected to slow to 1.1 percent in 2022, as agricultural output declines by 17.3 percent due to the drought,” the WB said in its latest MENA Bulletin
- The economy is projected to be driven by a still solid but moderating industrial performance and a faster recovery of tourism, the WB added
Economy
Over 1m medical tourists visit Iran in a year
Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health...
- Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health Mohammad Reza Tarjoman said
- Tarjoman said there are 200 medical centers that have permission to accept foreign patients underlining that Iran is ranked 46 worldwide in the area of health tourism
Economy
Lebanon: War in Ukraine means price rises amid climate crisis
There will be little to eat for many Lebanese when they break their fasts this Ramadan – but support from...
- There will be little to eat for many Lebanese when they break their fasts this Ramadan, but support from the WFP is delivering hope in the face of crushing price rises
- Working with the American University of Beirut, WFP is currently implementing a pilot project that is strengthening the adaptive abilities of rural communities
Business
Tunisia tourism revenues climb 48% to $200m by April 10
The country’s external debt services went up 5 percent, from nearly TND2 billion ($666.69 million) to about TND2.1 billion ($700.02...
- Cumulative labor income saw a 15.3-percent rise to TND1.9 billion ($633.71 million) on April 10
- This was against the TND1.6 billion ($533.42 million) on the same day in 2021
Business
Dubai saw weeklong real-estate transactions worth $2.12bn
The total number of real-estate transactions that took place was 1,968, according to data from the Dubai Land Department.
- The Land Department data showed the sale of 246 plots worth AED1.49 billion ($405.72 million) last week
- Meanwhile, 1,312 apartments and villas were sold for a total value of AED 2.96 billion ($805.99 million)
Business
Masdar and Kyrgyzstan to explore renewable energy projects
Masdar, one of the world’s leading renewable energy companies, has signed an agreement with Kyrgyzstan to explore the development of...
- Masdar will explore the development of investment in a range of renewable energy projects, including ground-mounted solar photovoltaic (PV), floating solar PV and hydropower
- Kyrgyzstan is targeting reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050
Business
Saudi ports throughput tonnage rise by 7.18 percent during Q1
The throughput tonnage at Saudi ports increased by 7.18 percent during the first quarter of 2022, reaching a total of...
- The number of transshipment containers increased by 5.91 percent, with a total of 1.3 million TEUs.
- Saudi ports have recorded a fall in container throughput which declined by 1.27 percent with a total of 2.5 million containers.
Business
KSA reports surge in digital payments in 2021, touching $34bn
Digital payments made through a mobile device accounted for 35 percent of all near-field communication transactions in Saudi Arabia in 2021,...
- The share of payment transactions made using a mobile device in all NFC payments grew from 22 percent in 2020
- The number of payment transactions using a mobile device in 2021 exceeded 1.8 billion, with the value exceeding SR128 billion
Economy
Investopia first UAE trademark to be registered under Madrid Protocol
The Ministry of Economy (MoE) has received the request to register the Investopia Summit trademark internationally, in line with the...
- The UAE acceded to the Madrid Protocol on 28th September 2021 to enable trademark owners in the country to protect their trademarks in more than 125 member countries.
- Investopia Summit is one of the strategic projects announced last September by the UAE government as part of the first set of 'Projects of the 50.'
Economy
Fitch revises Saudi Arabia’s outlook from stable to positive
The international credit rating agency ”Fitch” updated its credit report for Saudi Arabia affirming its “A” rating for the Kingdom...
- Fitch’s outlook revision makes Saudi Arabia one of the few countries globally, and the only G20 country, to have received two consecutive upward outlook revisions in 2022
- Fitch also forecasts the government debt to GDP to remain below 30% until 2025, which is approximately half the median level of comparative countries with similar credit ratings
Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’
DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...
Business
Company News
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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...
Economy
ADFD to finance building, upgrade of water projects in Argentina
Abu Dhabi, UAE---Abu Dhabi Fund for Development (ADFD) will finance a water project in Cordoba province of Argentina under an...
Business
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Business
‘Introducing insurance share to beneficiaries is important privilege’
ABU DHABI, UAE - Insurance shares distributed among beneficiaries is one of the most essential privileges in the Federal Law...
- The authority said that shares are distributed to the daughter, sister or mother if they are widowed or divorced and to the son or brother if they are disabled.
- Pension shares are distributed to the heirs once the pensioner is deceased, given that those heirs do not earn a salary or receive their own pension.
Economy
ADDED digitally links freezones in Abu Dhabi
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has completed the e-link project with four freezones...
- The e-link with freezones helps in providing info and data of the beneficial owner of economic establishments in line with laws and regulations in the UAE.
- They will enhance the country status in following highest level of international standards of transparency and governance.
Economy
Saudi fund deposits $237m into accounts of housing beneficiaries
Riyadh, Saudi Arabia---Saudi Arabia has deposited 891 million riyals in subsidy to the beneficiaries of a housing program, Iskan, aimed...
- The subsidy for the month of November was deposited into the accounts of the Sakani beneficiaries by the Real Estate Development Fund.
- Since the launch of the program in June 2017, a total of 42.6 billion riyals has been provided to its beneficiaries.