Humanity’s future is increasingly inseparable from AI
Private sector, governments, and nonprofits must invest in AI education, Jason Alan Snyder tells TRENDS in an exclusive interview.
Economy
IMF approves additional $1.3 billion aid program for Egypt
Washington, United States - The International Monetary Fund has approved an additional $1.3 billion assistance program for Egypt under its...
Economy
Economy
Production at Karbala refinery will start in mid-March: Iraq
The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9...
- The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9 million litres per day
- Iraqi oil minister said that the production can be increased to 12 million liters, which will cover a large proportion of up to 75 percent of domestic consumption
Economy
Pakistan to seek billions in Geneva conference for flood recovery
Months after the floods left most of the country devastated, Pakistan will seek billions in international support toward its recovery...
- Pakistan Prime Minister Shehbaz Sharif and UN Secretary-General Antonio Guterres will kick off the one-day event
- The World Bank has estimated that up to nine million more people could be dragged into poverty as a result of the flooding
Economy
Qatar Credit Bureau hands out more than 33,000 reports in 2022
Doha, Qatar--The Qatar Credit Bureau has disclosed that more than 33,000 credit reports were issued and more than 1,400 complaints...
- The number of new subscribers to the text messaging service reached 11,000 new subscribers
- The center pointed out that the electronic services portal provides direct access to all the center's services around the clock
Business
Saudi ports record 13% annual rise in 2022 freight tons
The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035...
- The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035 billion TEUs a year earlier
- The growth in imported and exported boxes rose 5 percent to 4.839 billion TEUs from 4.628 billion TEUs in the previous period
Opinion
UAE’s economic diversification strategy goes hand in hand with growth and expansion of its foreign trade
The UAE's keenness to open up to the world and work to stamp out obstacles to trade and investment flows...
- The UAE continues to leverage its global presence by opening up to the world by expanding its network of trading partners through comprehensive economic partnership agreements
- Selecting the UAE to host the World Trade Organization's 13th Ministerial Conference reflects the country's prestigious global position on the map of international trade today
Economy
UAE, Pakistan advancing parliamentary cooperation
A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq,...
- A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq, Member of the Senate of Pakistan
- The two sides discussed the bilateral relations, and the importance of advancing cooperation between the two parliaments
Economy
Sharjah Consultative Council reviews districts and villages department’s work
SHARJAH, UAE - The Sharjah Consultative Council (SCC), in its seventh session, held as part of the fourth regular session...
- The SCC meeting, at its headquarters in Sharjah, was chaired by Ali Mehd Al Suwaidi, Chairman of the Council.
- Sheikh Majid bin Sultan Al Qasimi, Member of Sharjah Executive Council, Head of DVAD represented the department in the session.
Videos
Gulf states stare at slower GDP growth in 2023
The world, according to the latest World Bank report, may be edging toward a global recession this year. Here is...
- The world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies, according to the World Bank.
- The head of the IMF, Kristalina Georgieva, also talked of a tougher 12 months ahead and expects a third of the world to experience a recession.
Science
DEWA completes 77 percent work in Hatta Water Reservoir
DUBAI, UAE Â - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a...
- The project is being built at a cost of approximately US$23 million and is expected to be completed in April 2023.
- The structural foundation works for all facilities and reservoirs are 100 percent complete,
Economy
Qatar’s foreign reserves post 9.6% rise in December to US$59.31bn
Doha, Qatar--Qatar Central Bank's (QCB) international reserves and foreign currencies liquidity increased last December by 9.6 percent on an annual...
- The figures issued by QBC showed an increase in the bank's official international reserves standing at $44.31 billion by the end of last December
- QCB's official international reserves recorded a growth of 3.6 percent, compared to that of November 2022, which at that time amounted to $42.77 billion
Humanity’s future is increasingly inseparable from AI
Private sector, governments, and nonprofits must invest in AI education, Jason Alan Snyder tells TRENDS in an exclusive interview.
Economy
Company News
Najm inks pact with iot squared
Business
Latest News
SVC inks pact with IMPACT46
Business
Saudi Arabia offers 30-year tax cut to businesses shifting hqrs to kingdom
Riyadh, Saudi Arabia - Saudi Arabia has rolled out a 30-year tax relief program aiming to lure multinational corporations to...
Economy
People-positive approach needed in clean power transition: WEF paper
Dubai, UAE --Â Building massive infrastructure for clean power projects in pursuit of climate goals will need nearly $4.5 trillion in...
Business
KSA offers 30-year tax holiday for global corporations as regional HQ program fuels investment boom
The approaching 1 Jan deadline has seen investments on headquarters hit $242m in the first nine months of 2023 alone,...
Business
Most Read
COP28 UAE
US pledges climate aid for cities, more private sector finance
Samantha Power, administrator of the US Agency for International Development, is visiting the COP28 summit where nations are wrangling over...
- USAID promised $53mn to help 23 cities in the developing world switch to low-carbon activities
- It would mobilize another $2.3bn in private-sector investment to climate-resilient food infrastructure
Economy
One in five children in rich countries lives in poverty: UNICEF
Sixty-nine million children live in poverty in the world's 40 richest countries, UNICEF said in a report, blasting Britain and...
- UNICEF figure is based on relative poverty, which is around 60 percent of the national median income
- The report also highlights the greater risk of poverty for children from single-parent families
Economy
Investments strengthen Türkiye-GCC economic ties
The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to...
- The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to significantly boost bilateral trade.
- Türkiye-GCC relations are revitalized through billion-dollar deals and support for Turkey's post-earthquake recovery, aiming to triple trade with the Gulf by 2030.