Iran-US non-oil trade reaches US$31m in January-July 2023
TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United...
Business
RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...
Business
Geostrategy
World food prices rise highest in a decade: FAO
The UN barometer of world food prices has surged to a new peak, reaching its highest level since July 2011,...
- Reduced harvests in Canada, Russia, US lead to an increase of 3.2 percent in cereal prices.
- The vegetable oil index went up 9.6 percent, hitting an all-time high, and dairy rose by 2.6 points.
Economy
60,000 Saudi nationals added to private-sector job force in Q3 under Nitaqat
Around 60,000 Saudi nationals were added to the kingdom's private-sector labor force under the Saudization program during the third quarter...
- The number of Saudi nationals in the private sector job market was 1,826,875 in Q3, an increase of 3.41 percent.
- Around 65.06 percent of these workers were males and 34.94 percent females.
Arts & Culture
UAE’s top golfer stays in contention for tourney
Ahmad Skaik, who is the sole representative of the host UAE and the Gulf region, said he was happy to...
- UAE captain Khalid Yousuf and fellow players Khalifa Al Masaood and Rashed Al Emadi missed the cut.
- Clubhouse leader Bo Jin of China carded a bogey-free seven-under par round of 64 to go eight under par for the tournament, six strokes ahead of Skaik.
Economy
Syria to withdraw subsidy to its richest citizens
Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies...
- In a press conference, Syria's Internal Trade Minister, Amro Salem, said that there are segments of society that do not need subsidies
- Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies on bread and fuel
Economy
UAE unveils hydrogen leadership roadmap
Green hydrogen is envisaged to play a significant role in UAE’s domestic strategy to meet the UAE 2050 Net-Zero goals.
- The roadmap is said to be a comprehensive national blueprint to support domestic, low-carbon industries in the UAE
- It is also expected to contribute to the UAE’s net-zero ambition, and establish it as a competitive exporter of hydrogen
Arts & Culture
Dubai Art Expo attracts 500 artists from 170 countries
The opening at the Meydan Hotel was attended by Albanian Minister of Culture Elva Margariti and a crowd of artists.
- The opening at the Meydan Hotel was attended by Albanian Minister of Culture Elva Margariti and a crowd of artists
- The festivities will include an art exhibition, talks, workshops and a series of performances from five continents
Market Report
Abu Dhabi Securities Exchange launches derivatives market
The new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging...
- The new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging capabilities
- Index futures will be introduced in the first quarter of 2022, ahead of the expansion into a wider range of derivative products.
Business
Saudi bank inks $100m deal
The agreements are aimed at bolstering Saudi exports.
- The Saudi Export-Import Bank has signed reinsurance agreements worth over $101 million (about SAR 380 million)
- It signed the deals with the Arab Investment and Export Credit Guarantee Corporation or Dhaman
Economy
Abu Dhabi realty transactions hit AED 16 billion in Q3
Among the 3,932 real estate transactions involving land and buildings generated AED 4.6 billion, while 2,224 mortgage transactions generated AED...
- Among the 3,932 real estate transactions involving land and buildings generated AED 4.6 billion, while 2,224 mortgage transactions generated AED 11.6 billion
- Yas Island topped the Q3 2021 report with the highest value in terms of total sales at AED 1.1 billion, followed by Saadiyat Island with total sales of AED 705 million
Business
ECI and Indonesia Re sign agreement to boost exports and investments
Etihad Credit Insurance and Indonesia Re, the state-owned reinsurance agency of Indonesia, have signed an MoU to boost bilateral exports...
- The two organizations will support strategic economic sectors such as steel and aluminum, ceramics, renewable energy.
- They have also agreed to explore recoveries of claims to be collected in Indonesia or the UAE.
Iran-US non-oil trade reaches US$31m in January-July 2023
TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United...
Business
Company News
Emaar H1 revenue 3.69 billion
Business
Tadawul posts 23% fall in profit
Business
Latest News
Dubai Opera all set to celebrate its sixth anniversary
Arts & Culture
UAE, Tanzania sign pact to avoid double taxation
UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.
Geostrategy
First international shipment arrives at Mugharraq Port
Abu Dhabi, UAE--- AD Ports Group Thursday announced the arrival of the first international shipment at Mugharraq Port, one of...
Business
Dubai fifth globally in UN digital city governance survey 2022
Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by...
Geostrategy
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Economy
UAE to develop international maritime network
The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".
- The initiative supports the Ministry of Energy and Infrastructure efforts to enhance the position of the UAE’s maritime sector globally.
- The maritime network will be a knowledge hub for global stakeholders on investment opportunities in the UAE’s maritime industry.
Saudi Crown Prince meets minister of defense, commanders
Prince Mohammed bin Salman bin Abdulaziz expressed his appreciation for the progress achieved in the implementation of the ministry's development...
- Prince Mohammed bin Salman bin Abdulaziz expressed his appreciation for the progress achieved in the implementation of the ministry's development program
- Defence minister Prince Khalid bin Salman bin Abdulaziz affirmed the ministry will continue to implement the development programs drawn up by the Crown Prince
Economy
UAE economy achieves pre-pandemic level growth: WB regional director
Abousleiman said the UAE led the world with a successful vaccination programme in 2021, as well as its monetary and...
- Abousleiman said the UAE led the world with a successful vaccination programme in 2021, as well as its monetary and fiscal stimulus packages
- He added that the GCC region is projected to expand by 5.9 percent in 2022 before moderating to 3.7 percent and 3.3 percent in 2023 and 2024, respectively