Russia ready to discuss Turkey’s idea about guarantors for Israel, Palestine, says Lavrov
PYONGYANG, NORTH KOREA - Russia is ready to discuss and consider Turkey’s initiative to establish a guarantor system in the...
Geostrategy
Business
Saudi Central Bank issues controls for electronic issuance of banking documents
The Saudi Central Bank (SAMA) has issued controls the banks need to consider while issuing banking documents, Saudi media reports...
- The controls oblige banks to provide e-verification services of banking documents issued electronically or on paper.
- These controls included the minimum limit of banking documents necessary for being electronically issued.
Geostrategy
FANA flays attempts to block info on Palestine, approves 2022 budget
The Federation of Arab News Agencies (FANA) has stressed on the significance of the Palestinian cause and flayed the attempts...
- The next general assembly of FANA will be held in Abu Dhabi on November 15-17 this year, coinciding with the Global Media Congress.
- News agencies of Jordan, UAE, Bahrain, Sudan, Oman, Kuwait, Lebanon, Iraq, Mauritania, Yemen, Qatar, Tunisia, Palestine and Libya attended.
Geostrategy
Jordan calls on donors to fund national water carrier project
Jordan is the second-most water scarce country in the world, according to Unicef.
- The project is aimed to be able to provide "sufficient and sustainable" desalinated water
- It will produce an estimated 300 million cubic meters of water annually to cover Jordan’s needs
Business
Aramco expands global downstream presence with key European investment
The Saudi Arabian oil company Aramco, the world’s largest integrated energy and chemicals company, is expanding its global downstream presence...
- The investments will widen Aramco’s presence in the European downstream sector and further expand its crude imports into Poland
- Another MoU was signed by Aramco and PKN Orlen which focuses on exploring potential opportunities for research and development
Business
Qatar Tourism eases process to issue holiday home licenses
Qatar Tourism has invited residential property owners to invest in hospitality while generating extra income from their unused units by...
- Qatar Tourism has introduced a helpline and a simplified process to get licenses issued within a week
- Property owners renting to vacationers without licenses would be jailed for two years or/and fined QAR200,000
Business
Panel to enhance performance of Federation of GCC Chambers
The meeting was held via video conference technology, with spread of the Omicron variant of Covid-19 having stopped almost all...
- Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al-Thani presided over the meeting
- It reportedly discussed the estimated budget of the federation for the current year
Economy
Free Trade Agreement with UAE nearing conclusion, says Indian minister
India’s Minister of Commerce and Industry, Piyush Goyal, on Wednesday told the heads of top business and industry associations in...
- Piyush Goyal urged industry leaders to be proactive in giving inputs to the government on matters like FTA negotiations
- He expressed confidence of growth in services exports, in spite of travel and tourism restrictions caused by the pandemic
Business
UAE, European Union discuss ways to boost cooperation
The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.
- The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration
- This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.
Arts & Culture
Al Dhafra Festival kicks off in Abu Dhabi
The festival is organized by the Cultural Program and Heritage Festivals Committee, and will run till January 22.
- The festival features 313 camel runs and this new edition of the event includes the launch of the Bairaq Al Emarat Award for Asayel and Majahim camel breeds
- Coinciding with the UAE’ Golden Jubilee Celebrations, the Festival's activities now run from 28th October, 2021, to 22nd January, 2022
Economy
Morocco’s GDP expected to grow by 3.2 percent in 2022: World Bank
The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in...
- Output in 2023 is projected to remain about 5 percent smaller than expected before the pandemic, the World Bank notes.
- The agricultural output returns to historical averages after the extraordinary performance of the primary sector in 2021, a WB report said.
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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
Company News
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Siemens bags Egypt project
Business
UAE-Bahrain non-oil trade surges to $6.5bn in 2021
The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries.
Geostrategy
CITC unveils initiatives, launches at Digital Technology Forum 2022
The company also announced the winning products of the Co-Innovation Award, the launch of the first Local Technology Guide in...
Business
Iran signs contract with Russia to supply it with 40 turbines
Tehran, Iran— Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid...
Geostrategy
Most Read
Economy
Qatar’s General Tax Authority launches digital tax stamp
The authority said that digital tax stamps are distinctive marks in the form of a physical label or digital code...
- The authority said that digital tax stamps are distinctive marks in the form of a physical label or digital code containing encrypted data
- The digital tax stamp on goods will enable monitoring and tracking of the movements of these goods within the Qatari market
Geostrategy
Arab League welcomes UN report on Israeli conduct in Palestinian territories
Welcoming the report brought out by the UN Independent International Commission of Inquiry, the Arab League has praised the efforts...
- The report documented in detail Israeli policies and procedures that form crimes as per the International Criminal Law
- The Arab League said the contents of the report are an important addition to the series of positions and reports issued by the UN and human rights international institutions
Business
QatarEnergy partners with Shell in North Field South expansion project
The agreement gives Shell an effective net participating stake of 9.375 percent in the NFS project, out of a 25...
- The agreement gives Shell an effective net participating stake of 9.375 percent in the NFS project, out of a 25 percent interest available for international partners
- The North Field Expansion Project, comprising NFS and the North Field East (NFE) expansion projects, is the industry's largest-ever LNG project