WTO launches US$50m fund for women entrepreneurs in developing countries
ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...Business Economy Geostrategy Global
Global challenges hit M&A activity in Middle East, GCC
Sovereign Wealth Funds emerge as pivotal players, driving economic diversification and strategic cross-border partnerships, says Riccardo Molinari of Bain &...Business Markets
Women take lead in UAE, invest $9.42bn in 8 months at ADX
Some $9.42 billion have been invested in the financial markets by Emirati women during the last eight months of the...It represents a 74.7 percent growth over the corresponding period last year, when their trading value was around $5.39 billion
Owning $1.06 billion of shares at ADX, there are 219,000 Emirati women investing at ADX until mid-August 2022
Ancient Iranian rug tradition gets makeover as sales sink
Changing tastes and increased competition from Asia have forced some in the trade to redesign and resize a tradition dating...Rugs traditionally woven in the Islamic republic are known for dense, curving floral designs in rich colours
Their beauty and quality have long been recognised worldwide, yet sales have collapsed over the past 30 years
Tokyo to push for African seat on UN Security Council, says Japan PM
Japan will use its place on the United Nations Security Council to push for an African seat on the top...Japan was among five countries elected in June to hold a non-permanent seat on the UN Security Council for 2023 and 2024
Japanese PM also promised aid to train police officers and support "fair and transparent" elections across the continent
NBK Bahrain H1 net profit $145m
The profit in the same period last year was $159mAs of end of June 2022, NBK-Bahrain’s total assets stood at BHD 7.05 billion compared with BHD 7.13 billion for the same period in 2021.
customer deposits increased by 68 percent y-o-y to BHD 3.080 billion compared with BHD 1.829 billion for the same period of previous year.
Top tourist destinations in Dubai
Dubai tourism recovered fast after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors...The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
Dubai was rated the third safest city to travel for solo female travelers.
Egypt curtails domestic use of energy to boost forex
An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to...Egypt, the world's biggest wheat importer, relied on the ex-Soviet states for over 80 percent of its grain.
Inflation hit a three-year high of 14.6 percent in July after Egypt devalued the pound
Saudi hosts preparatory meet for ITU’s conference in Bucharest
International delegates are meeting in Riyadh from August 28-31 to discuss the future of global digital communications ahead of International...The meet is hosted by Saudi Arabia’s digital regulator, the Communications & Information Technology Commission.
Saudi Arabia is positioned to act as a convenor and mediator between the Arab world and the ITU’s 193 members to forge the best global digital policies.
Saudi Arabia tops world with export of dates worth $322bn
Saudi Arabia harbors more than 33 million palm trees planted in more than 123,000 agricultural properties in 13 administrative regions,According to a report by the Ministry of Environment, Water and Agriculture (MEWA), Saudi Arabia's dates exports amounted to $322 billion
The kingdom produces nearly 154 million tons of dates annually
Alhokair trims H1 loss by 49%
It cut down the loss to $18m from $35.39m posted last year.The hospitality group recorded a 6.4 percent rise in revenue to $93.66 million that helped bring down the group's loss
Alhokair saw growth across its different units during the six-month period, recording higher revenue from the hotel and entertainment sectors
Dogs take to gym to beat UAE heat
With temperatures soaring above 45 degrees Celsius, dogs have found a unique way to beat the heat of the UAE:...The resource-rich Gulf is among the regions most at risk from global warming, with some cities facing the prospect of becoming uninhabitable by the end of the century
Experts recommend that dogs exercise at least 30 minutes a day
