BCCI yet to hear officially about Saudi interest for stakes in IPL
NEW DELHI, INDIA - Recent reports of Saudi Arabia expressing an interest in buying a stake in the Indian Premier League...
Business
Business
UAE to allow cooperative associations to trade in markets
The UAE has announced that it will allow cooperative associations to trade their shares in financial markets, according to media...
- United Arab Emirate's cabinet of ministers has approved this new decision
- The move aims to strengthen the regulatory environment of the cooperative sector
Business
UAE and Hungary to collaborate in energy sector
UAE Energy Strategy 2050 aims to increase the contribution of clean energy in the total energy mix from 25 per...
- The two sides also discussed an exchange of expertize and best practices in infrastructure, housing and transport
- The ministers of UAE and Hungary met on the sidelines of Dubai Expo 2020 and discussed cooperation in energy
Business
Sisi of Egypt praises WHO for vaccine know-how to Africa
Egyptian President Abdel Fattah El-Sisi has praised the World Health Organization for its decision to pick Egypt and five other...
- In his speech at the European Union — African Union Summit, he stressed Egypt’s ability to use this technology to ensure the continued availability of vaccines to his country
- The WHO announced that Egypt, Tunisia, Kenya, Nigeria, Senegal and South Africa will be the first countries on the continent to obtain technology required to produce vaccine
Business
A Saudi study sees tourism a provider of thousands of jobs
A study undertaken by the Saudi Ministry of Tourism sees the sector providing thousands of jobs for the young people...
- The study showed that 75 percent of the study participants were positive about the job opportunities available in the sector
- Some 80 percent of the study participants expressed that there are many opportunities for career learning and professional development in these areas
Business
IMF praises UAE for the handling of economy during pandemic
The UAE government has been praised by no less than the International Monetary Fund for the handling of its economy...
- The IMF said that the economic recovery is gaining momentum due to the UAE's accelerated efforts and health responses and continued supportive macroeconomic policies
- Overall gross domestic product growth is projected at 2.2 percent in 2021, driven by non-oil growth of 3.2 percent
Business
UN estimates global trade to slow down in 2022
A year after it posted sharp growth, global trade in goods and services is expected to slow down, according to...
- The value of global trade reached a record level of $28.5 trillion in 2021, a 25 percent increase compared to the previous year and 13 percent higher compared to 2019
- Trade in services rose by $50 billion to reach $1.6 trillion, just above pre-pandemic levels in the same period
Economy
Digital banks help Kuwait keep pace with global trends: CBK official
Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will...
- Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will have no branches
- This tech-based model saves cost and time, he clarified, adding that these banks do not have the paperwork complications of the traditional counterparts
Business
Morocco fish production reaches 1.4 million tons in 2021
This remarkable performance was recorded in the three segments of fisheries: artisanal fishing, coastal fishing and deep-sea fishing.
- This remarkable performance was recorded in the three segments of fisheries: artisanal fishing, coastal fishing and deep-sea fishing
- Artisanal fishing has benefited from the increase in the turnover of octopus due in particular to the rise in its average price by 53 percent
Economy
New UAE decree boosts safety of construction workers
The decree details the responsibilities of both employees and employers to ensure work stability and increase productivity in the workplace.
- Establishments with 50 or more workers, where the individual wage is less than AED1,500 per month, need to provide labor accommodation
- Construction and industrial workers are not permitted to work outdoors or under the sun from 12:30 pm to 3 pm from June 15 to September 15
Geostrategy
Qatar wins presidency of Arab Association of Secretaries General of Parliaments
The country is represented by Secretary-General of the Shura Council Dr. Ahmed bin Nasser Al Fadhala.
- The country is represented by Secretary-General of the Shura Council Dr. Ahmed bin Nasser Al Fadhala
- The Secretary-General of the Egyptian House of Representatives was elected vice-chairman of AASGP
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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
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‘Five including four police officers killed in Iran’
Four Iranian police officers and one "terrorist" have been killed in separate incidents in the strife-torn country, state media and...
Geostrategy
World Cup: Saudia to operate 780 flights to ferry fans to Doha
Riyadh, Saudi Arabia---Saudi Arabian Airlines (SAUDIA) has announced it will allocate 780 scheduled, additional and shuttle flights connecting Riyadh, Jeddah,...
Business
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Geostrategy
UAE, Jordan ministers discuss global, regional issues
Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi met with UAE Minister of Foreign Affairs...
- The meeting between the two ministers was held on the sidelines of the Sir Bani Yas Forum in Abu Dhabi.
- The ministers highlighted the progress on joint projects and cooperation programs adopted by UAE and Jordan.
Business
Thousands of cyclists take part in annual Dubai Ride
Tens of thousands of cyclists rode down the skyscraper-lined superhighway that meanders through the middle of Dubai on Sunday morning,...
- The bikes raced down Sheikh Zayed Road, a 10-lane asphalt jungle that gives drivers a view of the world’s tallest building
- As dawn broke, bicyclists posed for photographs along the highway and cheered as they zipped along
Business
Qatar Civil Aviation Authority braces for arrival of football fans
Doha, Qatar— Qatar Civil Aviation Authority has promised a "unique travel experience" for football fans of the World Cup in...
- The authority's Air Navigation Department has completed its preparations for the World Cup as well
- The landing and take-off procedures have been separated into two runways to increase the capacity for take-off and landing operations