Cinema ticket prices in Saudi Arabia decline by 16% in 2023
Riyadh, Saudi Arabia - The average cinema ticket prices decreased by over 16% in 2023 compared to the previous year,...Business Economy
France flooded with applications for electric car leasing scheme
Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...Business Economy Energy Climate Change
In a ‘dangerous’ land: tourists trickle back to Iraq
Retirees and YouTubers, on package tours or lugging backpacks, are braving Iraq's still basic tourist infrastructure to visit ancient sites...Western governments still issue travel warnings for tourists heading to Iraq, highlighting the risks from kidnappings and bombings
Around 107,000 tourists visited Iraq in 2021, which is three times more than the number in 2020
UAE-Turkey real-estate conclave to tap into new opportunities
Called the UAE-Türkiye Real Estate Development Construction Roundtable, it will be held on Wednesday, March 30.The meeting will look to widen the trade corridor and strengthen economic ties between the two countries, besides building new collaborations
It will reportedly be hosted by the UAE-Turkish Business Council, in association with the Foreign Economic Relations Board of Türkiye (DEİK)
Russians can do business in Turkey, says minister
Turkey’s Foreign Minister Mevlut Cavusoglu has said Russia's oligarchs can continue to do business in his country so long as...The measures targeting the possessions of Russia's oligarchs were not approved by the UN but by western countries
They have imposed measures against Russia like placing oligarchs and other individuals close to Putin on sanctions lists
Jordan to soon resume oil imports from Iraq’s Kirkuk fields
Jordan imports crude from Iraq under an MoU that was signed by the two governments on January 28 last year.The exports were suspended in early February, pending discussion of details in the MoU
The oil will reportedly be transported to the Jordan Petroleum Refinery in Zarqa
Microsoft addresses graft charges
An ex-employee said it paid bribes in the Middle East and Africa.A former employee has said he was fired after working for Microsoft from 1998 to 2018 in Africa
He said he saw company employees involved in corrupt practices in several countries in the region
Riyadh, Dubai lead IPO surge in GCC
For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as...The proceeds of IPOs from Riyadh to Abu Dhabi have totaled $4.8 billion since the beginning of 2022
Saudi Arabia has the busiest stock market in the Middle East in terms of IPO activity
IEA gives third term to chief for guiding shift to clean energy
The International Energy Agency approved a third term for executive director Fatih Birol as the organization seeks a faster transition...The Turkish economist, who has been in the role since September 2015, will serve for another four years from September 2023
The agency has since its inception focused on the energy security of developed countries but its mission was officially extended this week to search for carbon neutrality
Oil prices, stocks higher after EU snubs Russia ban
European stocks, which had been firmly higher earlier in the session, ended the day with only modest gainsEuropean stocks, which had been firmly higher earlier in the session, ended the day with only modest gains
Bitcoin rose above $45,000 as Moscow is expected to accept cryptocurrency in exchange for Russian gas
Aramco lifts TASI as UAE stocks see weekly gain
The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9...The Abu Dhabi index closed up by 0.2% on Thursday; and 0.3% on Friday
TASI remained unchanged on Thursday, as losses in financial businesses canceled out the gains
UAE and Dutch export credit firms to bolster cooperation, facilitate halal trade
Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with its Dutch counterpart...Etihad Credit Insurance and its Dutch counterpart Atradius DSB to bolster collaboration through joint strategic projects.
The partnership also seeks to facilitate stronger halal trade through ECI’s Sharia-compliant finance solutions.
