Geostrategy
Covid and its effects continue to pose threat to world: WEF risks report
The Global Risks Report 2022 released by the World Economic Forum said vaccine inequality and a resultant uneven economic recovery...
- In the poorest 52 countries—home to 20 percent of the world’s people—only 6 percent of the population had been vaccinated so far.
- By 2024, developing economies (excluding China) will have fallen 5.5 percent below their pre-pandemic expected GDP growth,
Business
Dubai enacts new law on seizure of property for public use
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and vice president and prime minister of the UAE, issued Law...
- The provisions of the Law will apply to the expropriation of property across Dubai
- The Law also covers special development zones and free zones including the Dubai International Financial Centre
Science
Arab Parliament for the Child to hold a session remotely
Ayman Othman Al Barout, Secretary-General of Arab Parliament for the Child (APC), has announced the third session of the Parliament...
- This decision announced at the organizing committee meeting came in the wake of taking precautionary measures to preserve the health of children who are members of APC
- Al Barout emphasized that APC had three previous successful experiences in holding remote parliament sessions due to the pandemic
Economy
Lebanon telecom ministry’s budget to be based on two figures: Minister
Lebanon telecommunications ministry's budget would be based on two figures instead of one within the framework of the new state...
- The first figure took into consideration the possibility of continuing to charge consumers the same current tariff, based on the official rate of LBP 1500 per US dollar.
- The minister said the break-even figure for the ministry of telecoms at present is within the range of LBP 9000.
Business
2021 best-ever year for DMCC, 2485 companies attracted to Dubai
Dubai Multi Commodities Centre has said it recorded its best year on record as it attracted 2, 485 companies in...
- The authority also saw its best June, August, September and November, reaching a total of over 20,000 member companies.
- The significant attraction was seen in key target markets, including China, US, UK and Russia
Business
Khalifa Fund allys with eBay to help SMEs export goods
The Khalifa Fund for Enterprise Development has teamed up with eBay as the latest partner of the e-Empower initiative, under...
- The partnership aims to further enhance Abu Dhabi’s e-commerce ecosystem, while also being in alignment with the mandate to diversify the Emirate’s economy
- The collaborative partnership will see Abu Dhabi based SMEs and medium-large enterprises gain a variety of benefits to create growth
Jordan removes customs fees on more than half of imports
Cars, alcohol, and tobacco would not be exempted from customs fees, Jordanian Finance Minister Mohammad al-Ississ has said.
- The Jordanian government's order to reduce and standardize customs fees has been published in the official gazette
- It will come into force next week, ensuring that 53 percent of all goods are exempt from customs fees
Geostrategy
Lebanon looks to import gas from Egypt
Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday.
- Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday
- Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea
Business
Airbus delivers 611 passenger jets in 2021
A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last...
- A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last year's deliveries
- Wide-body, two-aisle plane deliveries continued to lag, which reflected the much slower recovery in international flights
Economy
Qatar, IAEA join hands for nuclear projects with peaceful uses
Qatar’s Ministry of Environment and Climate Change has said the projects will cover a variety of sectors, including the medical,...
- Qatar already has 35 technical cooperation projects with the IAEA, including 10 national, 23 regional, and two global projects
- These have been implemented through more than 10 different institutions from the country
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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
Siemens bags Egypt project
Business
Latest News
DEWA plans cash dividend for H1
Business
Kuwaiti Camel Racing Club sports season 2022-23 begins
Arts & Culture
Mubadala, KKR in $1bn capital tieup
The two firms signed a partnership to provide bespoke credit solutions.
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
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Business
Qatar throws open new hotels, resorts to host football fans
Doha, Qatar— Qatar Tourism has thrown open more than 20 hotels, resorts and new tourist destinations in the country ahead...
- The projects and tourist attractions will be ready to receive football fans from next month
- New attractions include entertainment venues, seaside and beach clubs, arts and culture houses, shopping malls, and the new Qatar 2022 hotels and resorts
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