Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...
- The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...
Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over...OPEC member countries are ready to play a key role in providing energy to the world and in reducing emissions, Al Ghais said
The oil industry, he said, needs a long-term, investment-friendly climate that works for producers and consumers
The government sold a 9.5% stake for US$121.6mn.The North African country desperately needs privatization in order to meet a series of foreign debt obligations over the next few months
When the two-part sale is complete, it will bring down the Egyptian government's stake in Telecom Egypt down to 70 percent from 80 percent
The luxury markets in the GCC region are experiencing significant growth, driven by an increasing demand for high-end products. Despite...With increasing purchasing power and evolving consumer lifestyles, the luxury watches and jewelry market in the GCC region is expected to continue its upward trajectory
The number of watch and jewelry collectors is growing in the GCC region, leading to an overall increase in luxury goods and related events, particularly in Saudi Arabia
Riyadh, Saudi Arabia -- Saudi Arabia's insurance sector grew by 26.9 percent in 2022, bringing gross written premiums to SAR...SAMA said in the 16th Saudi insurance market annual report that health, protection and savings, and motor insurance recorded significant increases in gross written premiums.
The penetration ratio to non-oil GDP increased from 1.91 percent in 2021 to 2.09 percent in 2022. The overall loss ratio remained unchanged at 83.4 percent in 2022.
ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor...The award aims to recognize the efforts of leading private sector entities and outstanding individuals and highlight successful practices in the labor market.
The Chamber plays a leading role in supporting national projects and supports increasing the labor market's productivity, efficiency and competitiveness.
TEHRAN, IRAN - Iranian authorities have arrested eight people for "leading" a workers' strike at a key gas site in the...An official said intelligence services arrested eight main leaders of the workers' strike at a gas site in Iran's south.
The gas site is also knows as having the world's largest reserve and employs around 40,000 people.
- The emirate achieved an 89.5 percent year-on-year growth in 2022 and Foreign Direct Investment capital inflows of $12.79 billion. The...
These exceptional achievements support the strategic vision outlined by the Dubai Economic Agenda D33, Sheikh Hamdan said.
Dubai ranked first globally in attracting greenfield FDI projects in 2021, up from the third spot in 2020. It had attracted 418 freenfield FDI projects.
- DUBAI, UAE - The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX)...
India Jewelry Exposition Center will provide a platform for the country's MSMEs to showcase their products to the Middle East market.
The move is a reflection of the Middle East's importance to India's gem and jewelry sector which accounts for 30 percent of its exports.
- Geneva, Switzerland - The 14th World Economic Forum (WEF) Annual Meeting of the New Champions is scheduled to take place...
The meeting will tackle key issues concerning global companies and create and strengthen partnerships focusing on generating a positive impact.
More than 1,500 leaders from business, government, and other global firms, along with innovators and academics, are expected to participate.
Dubai, UAE - Dubai has given a boost to its beach tourism by opening three new beaches for night swimming...The 800-metre-long night-swimming beaches feature lighting systems, which enable residents and tourists to swim around the clock.
The emirate’s wide diversity of beaches provide people the opportunity to enjoy vibrant seaside dining and diverse activities, WAM reported.
