Iraq economy likely to grow this year, says IMF
BAGHDAD, IRAQ – Economic growth of the country is projected to continue amid fiscal expansion, an International Monetary Fund (IMF)...Business Culture & Society
Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...Business Economy Global
World Cup officials target ‘price-gouging’ as 1.2m tickets sold
Costs soar for the Qatari capital's limited accommodation. FIFA president Gianni Infantino said there were five million requests for tickets...Doha, with a population of about 2.4 million, is bracing itself for the huge influx of visitors. The 32-team tournament will be held at eight stadiums in and around the capital.
Qatar says there will be 130,000 rooms in hotels, apartments, cruise ships and desert camps, where there will be 1,000 tents besides shared rooms for as little as $85 a night.
A ‘small revolution’ in Iran’s pistachio trade
Abbas Emami, 88, Iran's oldest pistachio wholesaler, readies to hand his business to daughter Marjan in male-dominated trade.The pistachios are generally grown in the provinces of Kerman and Semnan.
The exports brought in the equivalent of $900 million, making the industry a sizeable contributor to Iran's economy.
UAE technology ministry, EDB and EDGE sign manufacturing pact
The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and EDGE Group, one of the world’s...Under the agreement, MoIAT will support EDGE to expand global exports of cutting-edge domestically manufactured products and solutions to over 40 countries.
The agreement is in line with the UAE’s Fourth Industrial Revolution program, Industry 4.0, and aims to support growth in the defense sector.
Qatar Airways terms Airbus a ‘bully’ as paint dispute continues
The head of Qatar Airways on Tuesday accused plane-maker Airbus of acting like a "bully" as their billion-dollar dispute over...The airline and leading plane-maker have been fighting in the British courts for months over the paint problem
Both sides said they hoped to reach a negotiated settlement after their latest hearing in May, when a London high court judge agreed to a speeded-up trial schedule
Air tickets to be costlier as demand for travel rises
Propelled by inflation, the price of air tickets has begun to take off again after tumbling during the pandemic, a...The IATA is also pleading for government support in reconciling the long-term commitment to net zero carbon emissions with those ambitious targets
In the European Union, the price of a return ticket before tax in April returned to that seen in the same month of 2019, after a near-20 percent fall in 2020
Cubans ditch petrol cars, embrace electric versions
There is a new sight on the streets of Havana: increasing numbers of electric vehicles whizzing among the old American...The Cuban government has been promoting the use of electric cars, introducing them to state-owned companies to avoid use of fuel
Fuel shortages have worsened since the US reinforced blockade of Cuba in 2019, preventing the arrival of fuel tankers from Venezuela
QFB funding Qatari consortium to buy 11% stake in Ennismore Group
QFB will finance the purchasing consortiums investment vehicle by providing 20 million Euro.QFB will finance the purchasing consortiums investment vehicle by providing 20 million Euro
The deal comes at a time when lifestyle segments are demonstrating a stronger performance than the overall market
Qatar and Czech Republic sign deal to prevent tax evasion
Qatar has entered into an agreement with the Czech Republic to avoid double taxation on income tax and to prevent...The deal was signed by Minister of Finance Ali bin Ahmed Al Kuwari of Qatar and Minister of Finance Zbynek Stanjura of the Czech Republic
The agreement comprises items related to the field of maritime and air transport and joint projects
Facebook agrees to safeguards in ad discrimination case
Facebook has become a multi-billion dollar advertising juggernaut with its large amounts of user data that allow companies to more...Facebook has become a multi-billion dollar advertising juggernaut with its large amounts of user data that allow companies to more precisely target certain demographics
Meta had already made changes to address housing ad discrimination concerns, and those will remain in effect, the proposed settlement stated
Equities struggle to shake off recession fears
Equities struggled Wednesday after a brief respite from last week's painful rout across world markets, with recession fears continuing to...While Asia, Wall Street and Europe all enjoyed healthy gains on Tuesday, analysts warned the downbeat mood on trading floors means the selling is unlikely to end any time soon
Most observers expect them to hike rates by three-quarters of a point several more times this year, having announced such a move in June -- the sharpest lift in almost 30 years
