EDB’s contribution to UAE’s industrial GDP in 2023 rises to US$1.1bn
ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...Business Banking & Finance Economy
Sweden to provide guarantees worth ‘billions’ to energy firms
Faced with a winter without the energy supplies from Russia, Sweden has turned to Nordic and Baltic energy companies promising...Andersson while talking to reporters said the guarantees were aimed at giving energy groups "the breathing room that is needed"
The guarantees were expected to be in place on Monday before the stock market closing and would cover all Nordic and Baltic actors within the next two weeks
ADX partners with FTSE Russell
The two have co-developed the FTSE ADX Growth Market Index.The launch of FADGMI is a result of ADX’s successful partnership with FTSE Russell and closely follows the launch in March of the FTSE ADX 15 Index (FADX15)
The ADX Growth Market, the new brand of the Second Market, is an emerging equity segment on the exchange that connects investors and privately owned businesses
Bahrain launches multi-entry e-visa for training purposes
Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.The Nationality, Passports and Residence Affairs (NPRA) said the visa is part of the 24 initiatives to enhance the NPRA services and the economic recovery plan
The visa could be applied for on www.evisa.gov.bh for a fee of BD60
Saudi import of plastic products climbs 18% to 456,000 tons
The import of plastic products into Saudi Arabia has shot up 18 percent to 456,000 tons in the second quarter...According to the General Authority for Statistics, the increase in imports was fueled by a 45 percent yearly rise in imports from China
The total plastic and rubber imports grew 19 percent to $1.89 billion in the second quarter of 2022
Gen Z changes rules of the game for realty sector
Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and...Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and homeowners with more personalized products and services
Realty players need to concentrate more on lifestyle factors such as customer first, lifestyle led, data driven products, moving on from a focus on transactions to relationships
Broad money supply in Qatar reaches US$185.4bn in July
Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for...General index of the Qatar Stock Exchange increased in July 2022 at a monthly rate of 9.7% compared to June 2022.
Cash equivalents; including Commercial Bank Deposits, attained for approx. QR 965 billion ($265bn) during July 2022.
Clean energy is key for Indonesian economy, says IEA
Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its...Key policy reforms and international support will be crucial to the success of the clean energy transition in the world’s fourth most populous country.
The clean energy transition offers huge opportunities for the next chapter of Indonesia’s development as it seeks to become an advanced economy by 2045.
‘Turkey can mediate Ukraine nuclear plant standoff’
Turkey can mediate in a standoff over Ukraine's Zaporizhzhia nuclear power station, occupied by Moscow's troops, President Recep Tayyip Erdogan...Erdogan had warned of the danger of a nuclear disaster when he visited Lviv last month for talks with his Ukrainian counterpart Volodymyr Zelensky.
There has been growing alarm over the safety of Europe's largest nuclear plant, Zaporizhzhia
UAE keen to work with global partners to address energy issues
A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with...The UAE is at the forefront in efforts of energy diversification and adoption of sustainability-driven technology to achieve climate neutrality.
During the G20 Energy Transitions Ministerial Meeting, G20 Energy Ministers and major international energy organizations discussed key issues facing the sector.
Google allows Parler app back into Play Store
Google pulled the Parler app from its online marketplace just days after the deadly attack on the seat of US...Parler was allowed back in the Play Store after removing abusive posts and blocking users who break the app's rules
The app claimed to have more than 20 million users before being pulled from the Apple and Google online marketplaces.
