Business - TRENDS MENA

Tourism, retail to fuel Dubai economy growth in 2022
The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai...
In 2022, the UAE economy is projected to record an estimated annual GDP growth rate of 3.4 percent
The entire UAE economy began to recover in 2021 by registering an estimated annual GDP growth rate of 3.1 percent
UAE tax authority tour ensures readiness of tourist VAT recovery scheme
The Federal Tax Authority of the UAE has organized field tours to ensure the readiness of Self-Service Kiosks, which allow...
Self-Service Kiosks, which allow tourists to recover VAT on their purchases, have been placed at all exit ports.
The kiosks are also available at several commercial centers and hotels that are included in the tax refund scheme.
Jordan minister urges officials to expedite services for citizens, investors
Nayef Steitieh told field managers in his ministry and across governorates to also look to replace expatriate workers with those...
Jordan’s Minister of Labor Nayef Steitieh on Saturday, December 19, called for investing in e-transformation
The move is expected to save time and effort of beneficiaries from the ministry's directorates and governorates
Here’s why FIFA wants a biennial World Cup
A controversial proposal of staging the FIFA World Cup championship every two years rather than the current four-year cycle is...
FIFA is to hold an online global summit to discuss the feasibility of biennial world cups
An association of 54 of FIFA's 211 members, the Confederation of African Football' supports the idea
How do NFTs work? Here’s a peek
An NFT by digital artist Beeple was auctioned at Christie's in March for $69.3 million in March this year.
Non-Fungible Tokens or NFTs are digital items that can be bought and sold using this blockchain technology
However, they are not fungible, meaning an NFT cannot be exchanged for another NFT
Omantel pushes for 5G adoption
The Oman-origin telecom firm has signed a deal with Optiva for this.
Omantel’s agreement with Optiva will upgrade the latter’s Charging Engine to a cloud-native architecture on the former’s private cloud
The upgrade is expected to support new business models for 5G monetization
Morocco may see its its waste problem blow up as recycling lags
Morocco’s official recycling aim is 20 percent garbage by 2022 which has been moved to 2030.
No domestic organic waste is treated at the factory because “it’s too expensive”
Official data shows that 66 illegal rubbish dumps in Morocco have been regularized or closed
Saudi Arabia contributes to support date palm sector globally
In 2020, Saudi Arabia hosted the International Date Council meeting, under the chairmanship of the Minister of Environment, Water and...
The Saudi National Center for Palms and Dates and the Ministry of Environment, Water and Agriculture worked on formulating and implementing initiatives
Saudi Arabia has supported the idea of establishing the International Date Council to strengthen international cooperation in this field
Recyclers try to conquer mountains of waste in Tunisia
Tunisian authorities are scrambling to find new sites as most of the country's 11 official dumping grounds will close by...
Tunisia produces 2.6 million tones of waste each year, 85 percent of which ends up in landfills, while the rest goes into informal dumps
National waste management agency of Tunisia recently admitted that it lacks resources to control the situation
Oman agriculture ministry signs 4 deals worth more than $31m
The deals are in sectors ranging from livestock-rearing to vegetables, rabbits, and even Omani thyme.
The biggest of the projects is expected to produce 22,000 tons of meat and target the production of fodder and by-products
This project, worth RO11,387,000 ($29.62 million), will be on an area of 574 feddan (around 596 acre)

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