At least six dead as wildfires rage on in Turkey
The spreading wildfires have led President Recep Tayyip Erdogan to declare parts of southern Turkey, where the blazes are predominant,...
Daesh attack on funeral kills 17 in Iraq
At least 17 people, including policemen, were killed in an attack by the Islamic State group in the Salahudin province...
Grandweld delivers second Surfer 2 boat to Abu Dhabi group
This was the second of the three boats, which Grandweld Shipyards brands as the Grand Superior, that Allianz Middle East...
Man faces 20 years in prison in US for illegally exporting laboratory equipment to Iran
Reza Sarhangpour Kafrani, aka Reza Sarhang, co-owned the Canada-based company Prolife Global, which conducted business in the US and elsewhere.
Saudi Arabia invites more than 80 British companies for business
The companies that attended the Saudi workshop were from fields including innovation, technology, space, research, and development.
EU adopts framework for sanctions on Lebanon to aid govt formation
The move comes after weeks of uncertainty at the upper echelons of the Lebanese government, even as the country sinks...
Dubai RTA got $723m in revenues via digital platforms in 2020
The RTA’s Director-General Mattar Mohammed Al Tayer said this revenue came from just the authority’s e-payment portal and smart kiosks.
- The number of digital transactions reached 527.146 million throughout 2020
- The number of registered users on digital platforms hit 2.162 million, and the number of smart-app downloads was 6.136 million
20 die in tribal clashes in Sudan’s Kordofan
At least 20 people have died in tribal clashes in the western Kordofan region of Sudan since Thursday when members...
Tension mounts in Tunisia as Ennahda vows to overturn coup d’état
Tensions in Tunisia are set to boil over as the leader of Ennahda has warned that “if there is no...
Yemen blames Houthi militia for crimes against women, children
The Houthi-controlled areas in Yemen, according to the minister, are hotbeds of human trafficking, sexual abuse of women, wrongful incarceration,...
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Saudi Re bags A3 rating
Business
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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