Economy

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Jordan and US trade balance posts US$881m surplus in 2022

Amman, Jordan--The trade balance between Jordan and the US has recorded a surplus of about 625 million Jordanian dinars ($881 million)...
  • The free trade agreement between Jordan and the US entered into full force in January 2010, and provides for exemption from customs duties for Jordanian exports
  • King Abdullah of Jordan and the country’s foreign minister, Ayman Safadi greeted a delegation last month from Business Executives for National Security

Qatar’s Social Insurance Law serve retirees, widows

The Social Insurance Law approved a number of amendments in the shares of those who are entitled, which resulted in...
  • Qatar has witnessed an increase in the retirement pensions and widow's shares to 100 percent, says the country’s Director of the Retirement Department at GRSIA
  • The Social Insurance Law approved a number of amendments in the shares of those who are entitled, which resulted in an increase in the shares due, for the widows

Qatar eyes 1.5 million Saudi tourists in 2023 after thaw in bilateral relations

Sports, social and marketing events, including various global activities and competitions, are likely to bring in more Saudi tourists, Qatar...
  • Sports, social and marketing events, including various global activities and competitions, are likely to bring in more Saudi tourists, Qatar Tourism's data suggest
  • A package launched at the beginning of this year aims to attract 6 million visitors annually and increase the tourism sector's contribution to the GDP to 12%

WHO seeks $392m for Yemen before donor meet

The World Health Organization on Sunday appealed for $392 million ahead of a UN-led donor conference in Geneva to avert...
  • The UN estimates that 21.6 million people –- two-thirds of Yemen's population –- will require humanitarian aid and protection services in 2023
  • Huthi rebels seized the capital Sanaa in 2014, prompting a Saudi-led coalition to intervene the following year to prop up the internationally recognised government

Iraq’s Tigris, Euphrates rivers plummet as water crisis looms

NASIRIYAH, IRAQ - Iraq's Tigris and Euphrates rivers have witnessed a sharp decrease in their levels in the south of the...
  • In Nasiriyah, capital of the southern province of Dhi Qar, an AFP photographer saw the river bed of the mighty Euphrates dry in patches.
  • The water ministry blamed the situation in some southern provinces on "the low quantity of water reaching Iraq from neighboring Turkey".

Jordan, UAE, Egypt, Bahrain announce joint industrial projects totaling $2bn

Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion...
  • The projects are expected to generate 13,000 direct and indirect job opportunities and add US$1.6 billion to the GDPs of the four countries.
  • Jordan Minister Yousef Shamali opened the meetings by praising the partnership as a model of a coordinated Arab effort.

SAIF Zone Al Ansari Exchange ink pact, offer new payment service

SHARJAH, UAE - The Sharjah Airport International Free Zone (SAIF Zone) has signed a cooperation agreement with Al Ansari Exchange,...
  • The pact will allow SAIF Zone’s investors and clients to pay fees at any of Al Ansari Exchange's over 230 branches across the UAE.
  • The signing ceremony was attended by a number of managers and senior officials from both sides.

Trade restarts as key Afghan border crossing with Pakistan reopens

The crossing was closed last Sunday by Afghan authorities, who objected to what they said were new documentation rules restricting...
  • Torkham border crossing was reopened at 6 am on Saturday, Afghan customs official Muslim Khaksar said at the site in Afghanistan's eastern Nangarhar province
  • On Saturday, people attending to patients were allowed to enter Pakistan after showing their Afghan identity cards, the Pakistani customs official said

Experts reassure Istanbul not at heightened risk of earthquake

Istanbul, Turkey--Fears of another major earthquake have been rekindled in Istanbul since the February 6 disaster that hit Turkey and...
  • The 16 million residents of Istanbul, a city that spreads over two continents and has seen skyscrapers mushroom in recent years, are wondering if they're ready for the "Big One"
  • The early warning could win "a maximum of seven or eight seconds" -- not enough time to allow inhabitants to get to safety

UAE donates 10 ambulances to Syria for relief efforts after quake

Abu Dhabi, UAE--The UAE has presented Syria with 10 state-of-the-art ambulances, as part of Operation Gallant Knight 2 and the...
  • The initiative is part of a continuation of the UAE's humanitarian support for the Syrian people in the wake of the powerful earthquake
  • Dr. Salem Al Falasi said the UAE continues to support Syria's health sector, as part of Operation Gallant Knight 2, and to identify and meet the needs of Syrian hospitals

Chinese vent anger at Trump’s trade war with memes, mockery

Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...

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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...

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...

UAE’s hiring landscape sees rise in homegrown talent

"The challenge today is not just in assimilating this fresh talent but in bridging the gap between them and the...

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Dubai real estate sales near record $109bn in 2023

Dubai, UAE - 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

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.

Bahrain economy posts 2.45% growth in third quarter of 2023

Manama, Bahrain--National accounts estimates issued by the Information eGovernment Authority of the Kingdom of Bahrain showed that the real GDP...
  • According to the report, the jump in growth is due to the surge in the non-oil sector by 4.48 percent at constant prices and 4.81% at current prices on an annual basis
  • The gross domestic product at constant prices reached $9.15 billion during the third quarter of 2023 compared to $8.79 billion during the same period of 2022.