Economic forum in Amman to enhance trade ties between Iraq, Jordan
AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...Business Economy
Dubai records over US$2.6bn in weeklong real estate transactions
DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the...Business Economy
Cybersecurity challenges keep Gulf region on its toes
About 25% of ransomware data theft attacks in the GCC are reported from the UAE followed by Saudi Arabia (15.5%),...Home networks in the UAE were a magnet for cybercriminals who targeted systems, devices, and networks
Saudi Arabia's Wired Telecommunications Carriers and Other telecommunications sectors ranked as the most targeted industries within the country
Shell to build fuel stations in Saudi
Wafi will also operate car services for Shell Global in the kingdom.Shell Global is the largest operator of gas stations and car services in the world.
Shell Global will transfer the latest expertise to Saudi to provide the latest technology.
US adds nearly 400,000 jobs in May, jobless rate 3.6 percent
Restaurants and hotels that were decimated due to Covid-19 showed a strong recovery in May, adding 84,000 positions, the data...The jobless rate held steady at 3.6 percent for the third consecutive month
Employers have struggled to fill open positions, which has pushed wages higher
UAE economic growth in 2022 to reach 4.7 percent driven by oil and non oil sectors, says World Bank
UAE economy to improve in 2022 as the country's financial reserves reflect solid growth, a strong financial system and resilient...The UAE in 2022 is keen on increasing the competitiveness of the private sector, said the Economic Advisor, Ministry of Economy.
The UAE government launched an economic stimulus package of AED 388 billion, said a senior official of the Ministry of Economy.
Egypt looks to rake in $3.5bn in revenues from Suez Canal in H1
Egypt is expecting to rake in $3.5 billion in revenues from the Suez Canal during the first half of 2022,...Revenues from the canal have increased by around 23 percent in May 2022, compared to the year earlier, to reach $657 million
Rabie attributed the high revenues to the growth of the global economy, the continued recovery of global trade, pricing policy and the Canal’s fee rise
UAE firm to screen passengers at four Afghan airports for three years
The Taliban have tasked a United Arab Emirates firm with the security screening of passengers and luggage at Afghan airports,...While some domestic and international flights are operating out of the capital's only airport, significant support is needed for major foreign airlines to resume a full service.
Abu Dhabi-based GAAC said it will manage screening at Kabul, Herat, Kandahar and Mazar-i-Sharif airports for the next three years.
Saudi personal finance market posts 4.4% jump to $18.96bn
Saudi Arabia's finance companies have provided a whopping $18.96 billion in personal finance loans to the kingdom's citizens during the...The real estate loans increased by 1.3 percent to SR26 billion in the first quarter compared to the last quarter of 2021
Compared to the fourth quarter of 2021, the real estate loans for corporates recorded a higher growth rate at 4.74 percent against 0.72 percent increase that was seen in retail loa
Morocco launches agency to regulate medicinal cannabis
Morocco's national regulatory agency overseeing the use of cannabis for medical use met for the first time Thursday in one...Chaired by Interior Minister Abdelouafi Laftit, the "National Agency for the Regulation of Cannabis Activities" approved its organisation chart and budget for the year 2022
The agency will be responsible for controlling all stages of the production chain, from the import of seeds to the marketing of cannabis products
Air bridge set to help airlines fly Fifa fans to Qatar
Many GCC airlines have teamed up to create an air bridge to fly the fans to watch World Cup games...Various airlines from Qatar, Kuwait, Saudi Arabia, Oman, and Dubai announced the establishment of a daily air bridge between Doha and the GCC countries during the World Cup
The World Cup will draw a massive crowd with the International Football Association stating that it had received more than 23.5 million requests to purchase tickets
Goal vs strategy: Aim remains same, mode may modify
The most successful active owners keep a ‘Plan B’ ready. Many real-life structural and organizational conditions need to be in...The most successful active owners keep a ‘Plan B’ ready. Many real-life structural and organizational conditions need to be in place to enable strategy optimization.
A constructive board of directors, including vocal independent members and experts, is an indispensable ally of the active owner
