Iran, Syria pledge to strengthen ties, develop economic relations
During late-night talks Thursday, Raisi and his Syrian counterpart Bashar al-Assad discussed "ways to develop and strengthen bilateral relations" and...
Geostrategy
MoHAP inks deal with Coursera to upgrade skills of employees
The agreement also provides for the creation of a cohesive relationship between the ministry's strategic priorities and training needs, as...
Geostrategy
Iran builds energy port on Persian Gulf for $350 million
Iran built the port to reportedly expedite the export of petroleum products from the South Pars energy hub, which the...
Hotel occupancy shows signs of recovery in MENA: Colliers
The hospitality industry has been the worst hit by the Covid pandemic, but there are signs that suggest a recovery...
Japan pledges $1.97 m to UN to help conduct Iraq elections
The money will be used to support and assist capacity-building within the Iraqi Independent High Electoral Commission for the October...
Bollywood composer accused of ‘stealing’ Israel national anthem
Twitter users in India were quick to point out that the tune being played as Israel was being awarded the...
HSBC MENA’s pre-tax profit at $700m in H1
Economic recovery in the region helps the bank post $386 million profit in the June quarter.
UAE children aged 3-17 to receive Chinese Sinopharm vaccine
The UAE has decided to inoculate children between the ages of 3 and 17 with Chinese Covid-19 vaccine Sinopharm. Children...
Lebanon army gets second batch of food aid from Qatar
The first shipment was sent on July 8 on an Amiri Air Force aircraft belonging to the Qatari Armed Forces,...
- Lebanon is facing a deepening economic crisis that the World Bank now considers one of the worst in the world
- The Lebanese pound has lost around 90% of its purchasing power since November 2019
Jordanian flight, with 133 passengers on board, ‘forced’ to make landing
The airline, without disclosing the reason for early landing of the aircraft, said all the passengers and six crew members...
Aldar Properties beachfront land plots sell out in Al Gurm
The company did not disclose the value of the sale of 71 plots sold exclusively to UAE residents.
Saudi Pension Agency posts 9.5 percent returns in 2020
The kingdom’s Public Pension Agency said on Sunday that it had recorded 9.5 percent returns on investments in 2020. Its investments...
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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
Iran, Syria pledge to strengthen ties, develop economic relations
During late-night talks Thursday, Raisi and his Syrian counterpart Bashar al-Assad discussed "ways to develop and strengthen bilateral relations" and...
Geostrategy
Company News
EIG, Q Properties sign gas deal
Business
Latest News
GCC and UK set sights on signing Free Trade Agreement
Dr. Nayef Al Hajraf, Secretary-General of the GCC, voiced hope that the talks would lead to an ambitious Free Trade...
Business
Central Bank of Kuwait issues $792 million bonds
According to a CBK statement carried by state news agency KUNA, the new securities have a return rate of 2.625...
Economy
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Economy
Oman producer prices increase by 40.7 percent in Q2
Producer prices in Oman increased by 40.7 percent during the second quarter of 2022 The producer price index in the...
- The rise in the index was due to the 48.7 percent rise in oil and gas products and a 40.7 percent increase in non-oil products.
- The price of non-oil products rose due to the increase in the prices of the manufacturing group by 9.4 percent, and the mining, electricity and water group by 1.8 percent.
Market Report
Foreign investors in Arab exchanges buy $119.6bn in 2021
The Arab Monetary Fund (AMF) said that the Abu Dhabi Securities Exchange (ADX) was ranked first in the Arab region...
- ADX was ranked first in the Arab region in 2021, in terms of buy and sell transactions by foreign investors, says AMF
- Buying transactions by foreign investors in ADX totaled $32.2 billion at the end of last year
Infographics
Most Gulf nations stare at slow population growth
Except for the UAE and Bahrain, all GCC countries witnessed a steep decline in population. During the pandemic, the region...
- S&P said the overall GCC population is unlikely to return to 2019 levels of 57.6 million people until 2023.
- Gulf states rely heavily on foreign workers and efforts to nationalize the workforce to fight rising unemployment among nationals have accelerated in recent years