Saudi minister says 6,225 industrial firms from Kingdom invest US$30bn in Egypt
RIYADH, SAUDI ARABIA - A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of...
Business
Top diplomats of some OIC countries arrive in Russia, to discuss Gaza
MOSCOW, RUSSIA – The foreign ministers of Saudi Arabia, Jordan, Egypt, Indonesia, Palestine and the Secretary General of the Organization...
Geostrategy
Economy
Bahrain provides unemployment benefits to 31,099 people in 2021
Bahrain government has provided unemployment benefits to 31,099 citizens in 2021, according to the country’s Labor Minister Jameel bin Mohammed...
- Unemployment benefit has not been discontinued for any beneficiary who meets the eligibility conditions, said the country's Labour minister Jameel bin Mohammed Ali Humaidan.
- Amendments have been made to the Unemployment Insurance Law to keep pace with the economic requirements of Bahraini jobseekers, he said.
Economy
Saudi Arabia has stable food stocks, says agriculture minister
Saudi Arabia has taken steps to maintain the stability of domestic supply in accordance with the food security strategy.
- Abdul Rahman Al-Fadli said Saudi Arabia’s food commodity markets had not experienced any supply shortages
- The country has been ranked one of the world’s best in terms of food abundance, added the agriculture minister
Business
The Blockchain Opportunity
Are regional governments ready to adopt blockchain technology to boost business payments, transactions, interbank payments and corporate dealings?
- Adopting blockchain is likely to boost financial transactions, interbank payments and corporate dealings in the region
- From banking to healthcare, blockchain business applications are transforming the way data is stored, and accessed
Economy
Bahrain’s Growth Dynamics
Bahrain has a $90 per barrel breakeven oil price, so the country is moving forward with serious economic diversification plans...
- Bahrain has a $90 per barrel breakeven oil price, so the country is moving forward with serious economic diversification plans
- The economy of Bahrain has particular strength in the financial services and technology sectors and related industries
Why are you cutting costs and how?
While restructuring should be a regular part of economic and business cycles, what’s happening in the GCC region is just...
- Global slowdown has led to volatile oil prices, businesses, geopolitical tensions and a pullback in government spending
- Key industries in the GCC from construction and retail to logistics and energy are feeling the strain of lower-than-expected growth rates
Business
Humanity vs Technology
Artificial intelligence and machine learning are stirring as much of a concern about job security as they are steering efficient...
- Artificial intelligence and machine learning are stirring as much of a concern about job security as they are steering efficient outcome strategies.
- About 84 percent of investors will rather depend on the human touchpoint of financial advisors than rely on automated investment technologies, says a survey
Business
Do structural reforms attract FDI?
As regional bourses aim to compete with developed markets, questions are also being raised over the state of reforms, the...
- Most countries in the GCC have embarked upon a tremendous raft of regulatory improvements
- A key factor of reform and regulation and attracting FDI into the region is investor confidence
Economy
Professor Roubini on Global and Regional Economies
Artificial intelligence, machine learning, robotics and automation will define the future of jobs, says renowned economist Professor Nouriel Roubini
- Artificial intelligence, machine learning, robotics and automation will define the future of jobs, says renowned economist Professor Nouriel Roubini
- There's a wide range of geopolitical uncertainties in the Middle East that can affect the economy, markets, and energy prices, adds Roubini
Business
Adnoc arm inks storage deal
AG&P will use an Adnoc L&S vessel as a floating storage.
- The agreement is valid for 11 years, with the option of extension by 4 years
- The two parties have a 2021 agreement to provide another FSU in India
Geostrategy
UAE sends food aid to Ethiopia’s Tigray region
The aid was sent following the directives of the UAE's leadership to help improve the humanitarian situation in the Tigray...
- The UAE has already sent six planes carrying 300 tons of relief and food supplies to the city of Mekelle
- That aid, which included 200 tons of vegetable oil, was sent last year in cooperation with the World Food Program
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
Saudi minister says 6,225 industrial firms from Kingdom invest US$30bn in Egypt
RIYADH, SAUDI ARABIA - A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of...
Business
Company News
Latest News
Qatar wealthiest, UAE happiest in Arab world
Infographics
Villas, apartments form major chunk of $598m Dubai realty deals Tuesday
Dubai, UAE---Dubai real estate market recorded realty deals worth AED2.2 billion ($598 million) on Tuesday, according to the data by...
Business
AIIB, GEAPP partner to fund the energy transition in Asia and beyond
The partnership will address the energy transition challenges around the world through the identification of co-financing opportunities for projects.
Economy
Most Read
Geostrategy
Jordan sets up program to protect witnesses, whistleblowers
Amman, Jordan— Funded by the Canada Fund for Local Initiatives (CFLI), Jordan has launched a program aimed at better protecting...
- MP Omar Ayasra emphasized the significance of providing witnesses and whistleblowers with protection during a ceremony held on Monday to launch the project
- Secretary-General Ibrahim Majali revealed that only 10 percent of incoming complaints are followed up, while 90 percent proved untrue thus far
Economy
Global tourism now at around 70% of pre-pandemic levels: UNWTO
“Our job is to create jobs,” UNWTO Secretary-General Zurab Pololikashvili told tourism sector leaders at the World Travel Market.
- “Our job is to create jobs,” UNWTO Secretary-General Zurab Pololikashvili told tourism sector leaders at the World Travel Market
- The WTM offers a platform for public and private sector leaders, addresses tourism’s most pressing issues and sets the agenda for the years ahead
Business
Saudi signs agreements with Oman, Egypt to boost energy ties
Sharm el-Sheikh, Egypt—Saudi Arabia has signed two separate agreements with Oman and Egypt to boost ties in the energy field....
- The MoU between Saudi Arabia and Oman also includes cooperation on hydrogen as well as enhancing digital transformation in the energy field
- The Saudi-Egypt deal aims to enhance cooperation in the production and export of electricity from renewable energy, transport of clean hydrogen, and electrical interconnection