Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...
"Container shipping... has declined by almost 30 percent," said Jihad Azour, director of the IMF's Middle East and Central Asia...
Companies in the United Arab Emirates are looking to increase their revenues by as much as 50 percent and recruit...The research comes as business conditions in the country continue to improve on the back of easing COVID-19 restrictions and reopening of international travel
UAE businesses are also the most confident globally about driving innovation in product and customer service (67 percent) over the next 12 months
S&P Global Ratings has forecast that private sector lending will remain muted for one to two years in GCC countries....It said that there had been only marginal improvement across GCC banks overall
However, it is also expected that GCC economies will expand at an unweighted average of 1.8 percent in 2021 and 4 percent in 2022
Egypt and Saudi Arabia have signed a $1.8 billion electricity interconnection project that aims to exchange some 3,000 MW during...The Egyptian Electricity Transmission Company (EETC) and the Saudi Electricity Company said they would sign cable, airline and transformer stations agreements
“Saudi Arabia and Egypt share the same goals, and we work together as a team to implement them”
Fertiglobe is a fertilizer partnership of Adnoc and OCI.This offering is open to UAE citizens and residents, as well as domestic and international institutional investors
The offer will open on October 13, subject to regulatory approvals and other relevant considerations
Last few years have seen a lot of tension between governments and central banks around the world, on the one...Concerns are rising that these currencies could be used to fund illegal actions and for money laundering.
Several countries have taken strict measures to crack down on the industry that is viewed with suspicion uniformly across the world.
Supply-side issues such as semiconductor scarcity and port backlogs may strain supply chains and weigh on trade in particular areas,...The forecast projects export volume growth in 2021 will be 9.3% in the Middle East
The current trade projections, according to the forecast, imply that the ratio of trade growth to GDP growth will rise to 2.0:1 in 2021
Users of Facebook, Instagram and WhatsApp across the world, including the Gulf countries, remained heavily affected for hours.The outage was first reported at around 1545 GMT or 7.45pm UAE time
Washington, Paris, Dubai and Delhi were few major cities that remained affected
The world's airlines made a joint pledge Monday to reach "net zero" CO2 by 2050, as the aviation industry ramps..."The important decision that we must make today will secure the freedom to fly for future generations"
IATA represents 290 member airlines comprising 82 percent of pre-pandemic global air traffic
The DMCC welcomed around 1,800 companies to Dubai from Q1 to Q3 this year.DMCC last month welcomed 215 new businesses to its free zone and business district in the best September performance since inception
This year also saw its best H1 performance since 2013; its best June and August performances on record are also from this year
Alturki Holding oil arm, the Saudi Sawafi company, has bought out Newsco, the US drilling services company, for an undisclosed...Newsco is one of the most important directional drilling companies in the petroleum industry in the world
Sawafi, the global leader in upstream technologies, will now control about 9 patents in directional drilling
