Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
Exports key target of GCC hydrogen strategies
Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP,...
Business
Economy
Turkish inflation dips under 40% for first time in 16 months
Consumer prices rose by 39.6 percent on an annual basis and were almost stable, at 0.04 percent, compared to the...
- The latter say annual inflation stands at between 105 and 109 percent, depending on whether or not the free gas offer is taken into account.
- Erdogan, who is starting a third term in office, has said tackling inflation is a top priority. It exceeded 85 percent in autumn 2022 before starting to slow in Nov.
Economy
Qatar, UAE lead GCC in women participation, women catching up in Saudi
Dubai, UAE - Around 70 percent of top-performing teams in the GCC have a higher percentage of women, underscoring the...
- Saudi Arabia has seen the fastest pace of change, reaching 37 percent female participation in the first quarter of 2023
- The survey sheds light on the persisting gender biases and stereotypes that continue to hinder progress towards gender equity in the region
Business
Oman looks to entice investors at Dhahran Expo to its fishing industry
Muscat, Oman-- Looking to entice investors to the country's fisheries sector, Fisheries Development Oman (FDO) is taking part in Saudi...
- The Omani delegation to the event will showcase investment prospect in the country in areas such as aquaculture, commercial fishing, management of fishing posts
- FDO was set up to develop the fisheries industry in the country by investing in profitable projects that could highlight its economic value to investor
Lebanon MPs nominate IMF official for vacant presidency
On Sunday, lawmaker Mark Daou read a statement on behalf of a group of 32 legislators, endorsing Azour after weeks...
- There have been 11 parliamentary votes to try to name a new president, but bitter divisions have prevented anyone from garnering enough support to succeed Aoun.
- Crisis-hit Lebanon has been run by a caretaker government with limited powers since legislative elections in May 2022 resulted in no side with a clear majority
Economy
SEWA concludes extension of ‘crucial’ pipeline to supply fresh water
Sharjah, UAE-- In order to supply water from Al Zubair station to Al Shanouf suburb, Sharjah Electricity Water and Gas...
- Started in July 2022, SEWA employed environmentally-friendly materials to ensure water quality, while catering to the growing demand for freshwater
- Residents in Mahdub, Hadibah, and the new sections of Al Shanouf suburb will now have a sustainable supply of fresh and pure water
Economy
Qatar’s realty builds on robust infrastructure
The country aims to reach the volume of real estate trading to QR 100 billion (US$27.4 billion), especially since real...
- Qatar's advanced infrastructure, health sector, and education system play significant roles in bolstering the real estate sector, says the Minister of Municipality
- The Gulf country's goal is to reach a volume of real estate trading of QR 100 billion (US$27.4 billion), adds Dr. Abdullah bin Abdulaziz bin Turki Al Subaie
Economy
Saudi Arabia’s Al Hilal to sign football star Messi in mega-deal
Al Hilal football club officials are in Paris to seal a mega-deal with Lionel Messi, who is leaving Qatar-owned Paris-Saint...
- According to Saudi media reports, French striker Karim Benzema, who is departing Real Madrid, has signed with Jeddah-based Al-Ittihad
- The kingdom, the world's biggest oil exporter, has poured hundreds of million into sports deals including Ronald's signing and Formula One
Business
AD Ports signs deal with Crystal Offshore to develop repair facilities
Abu Dhabi, UAE--AD Ports Group has signed a 25-year agreement with the Singapore-based company Crystal Offshore, a recognised one-stop logistics...
- As per the deal, Crystal Offshore will construct a base, featuring office facilities and fabrication workshops to provide advanced repairs and refits to jack-up rigs
- According to AD Ports Group, the partnership will add significant value to Khalifa Port's customers and furthermore will expand the many services it offers
Opec+ to extend cuts in oil output into 2024 as prices flag
Vienna, Austria – OPEC+ has decided to adjust the level of overall crude oil production to 40.46 mb/d, starting 1...
- The United Arab Emirates will extend its voluntary cut of 144 thousand barrels per day until the end of December 2024
- Opec+ pumps around 40 per cent of the world’s crude, meaning its policy decisions can have a major impact on oil prices
Economy
UAE’s FTA launches ‘platform’ to educate taxpayers on corporate tax
Abu Dhabi, UAE--The Federal Tax Authority (FTA) has launched what it dubs as a ‘Corporate Tax Virtual Workshops’ awareness platform,...
- The platform will feature educational materials, including 13 virtual awareness workshops in both Arabic and English about ‘registration for corporate tax’
- The FTA has appealed to both private and public joint stock companies resident in the UAE to participate in the awareness workshops
Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
Company News
Latest News
DTC sets IPO offer price range
Business
‘Gulf-Korea FTA marks historic economic milestone’
"The implementation of such free trade agreements follows directives from GCC leaders aimed at strengthening economic ties with other countries...
Economy
Sharjah Consultative Council okays emirate’s draft budget 2024
Sharjah, UAE - The Sharjah Consultative Council approved the draft law regarding the budget of departments and entities of the...
Business
Tunisia, Saudi Arabia sign 7 MoUs in various sectors
Tunis - Tunisia and Saudi Arabia signed seven memoranda of understanding in various fields and sectors on Wednesday afternoon The...
Economy
Most Read
Business
GCC forges ahead in sustainable tech initiatives
In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant...
- In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant green transition in the region.
- The GCC's commitment to sustainable technology initiatives, including advancements in renewable energy, green hydrogen, and smart city solutions, make it a global leader.
Economy
Dubai real estate sales near record $109bn in 2023
Dubai, UAE -Â Dubai real estate annual sales comprising 127,000 deals have exceeded Dhs400 billion ($109 billion) during the current year...
- The momentum in the real estate market in the emirate will continue during the next year, according to Walid Al Zarooni, CEO of the W Capital.
- The residential real estate markets, Al Zarooni said, may remain at the investors radar during 2024 considering the latest trends in the market
Economy
Oman year-on-year growth rate touches 15.4 percent
Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information...
- The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.
- Omani Maritime freight was at the forefront, commanding a significant 54.8% share of all inbound goods in 2022.