The backbone of the digital economy is upskilling: Jayney Howson
AI won't replace jobs, but reskilling will unlock its true potential—lifelong learning is the key, Jayney Howson, SVP of Learning...
Economy
New-Age Growth Comes Home to the GCC
The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading...
Opinion
Economy
Net foreign investments in UAE stocks hit $8bn since start of 2022
The volume of investments is the outcome of the UAE's ongoing efforts to attract foreign investors.
- The volume of investments is the outcome of the UAE's ongoing efforts to attract foreign investors
- Non-Arab investors' purchases of local shares in ADX and DFM amounted to $37,332,375,493
Tunisia’s Saied downplays puny poll turnout, slams critics
Saied lashed out at unnamed critics, accusing such rivals of "drowning in corruption and treachery" and of "plotting against the...
- Just 11.2 percent of registered voters took part in the December 17 polls for a neutered parliament, which capped Saied's overhaul of the political system
- Turnout - initially announced at just under nine percent - was the lowest since the 2011 revolution that overthrew dictator Zine El Abidine Ben Ali
Economy
Construction industry contributed $186.8bn to Arab GDPs in 2021
The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion,...
- The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion, respectively, AMF report said
- Egypt ranked third with around $27.3 billion, followed by Qatar, $24.1 billion, Algeria, $19.8 billion, Morocco, $7.7 billion, and Oman with $6.4 billion, according to the report
Economy
Algeria offers Sahara tourists visas on arrival
In a statement, it said that "foreigners heading to the south of the country" who have tours booked with licenced...
- Algeria, Africa's biggest country by surface area, comprises a major chunk of the Sahara including nature reserves and prehistoric sites
- But the North African country hosts far fewer tourists than its neighbours, Morocco and Tunisia, relying instead on its vast oil and gas revenues
World economy faces more pain in 2023 after a gloomy year
Economists expect Germany and another major eurozone economy, Italy, to fall into recession. Britain's economy is already shrinking. Rating agency...
- Many countries are now grappling with cost-of-living crises because wages are not keeping up with inflation
- Consumer prices in the Group of 20 developed and emerging nations are expected to reach eight percent in the fourth quarter
Economy
Jordan approves executive program of Economic Modernization Vision
The executive program includes a specific time frame for implementation, clear indicators for measuring performance, and an electronic system to...
- The executive program includes a specific time frame for implementation, clear indicators for measuring performance, and an electronic system to follow up on achievement
- Prime Minister Bisher Khasawneh directed all relevant ministries and institutions to start implementing the executive program within the timelines set forth therein
Economy
Saudi investments in Egypt grow to US$6.12 billion
Riyadh, Saudi Arabia--Saudi Arabia has invested some $6.12 billion in more than 6,000 projects in Egypt, according to the Minister...
- The trade minister announced the investment figure during his visit to Riyadh on Dec. 25, where he met Saudi ministers and senior officials to boost bilateral ties
- The kingdom is the top exporter among Arab nations with exports worth $6.4 billion, followed by Kuwait, the UAE and Oman
Economy
Jobs for Emiratis: UAE pushes work for own citizens
The UAE - like other oil-rich Arab Gulf states - has often used the public sector as an employment vehicle...
- Just 12 percent of the country's more than nine million residents are UAE nationals, with over 90 percent of private sector jobs taken by foreigners
- The government is now strong-arming private firms into hiring local talent, with the aim of ensuring Emiratis make up 10 percent of the private sector workforce by 2026
Economy
Investigators from Europe to visit Lebanon in central bank chief probe
A team of investigators from Europe will visit Lebanon next month to probe into the wealth of central bank governor...
- The visit aims to conduct investigations into financial affairs linked to Salameh
- A Lebanese prosecutor probing Salameh on suspicion of financial misconduct requested charges be issued against him based on preliminary investigative findings
Tunisia electoral board threatens media rights: rights groups
In a joint statement on Tuesday, 28 organisations said ISIE had "targeted freedom of expression to the point where it...
- Last week, the ISIE elections authority filed 24 legal complaints against media organisations and bloggers in the North African nation
- Tunisian and foreign rights groups have warned that his actions threaten the only democracy to have emerged from the Arab Spring uprisings
The backbone of the digital economy is upskilling: Jayney Howson
AI won't replace jobs, but reskilling will unlock its true potential—lifelong learning is the key, Jayney Howson, SVP of Learning...
Economy
Company News
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COP28 ignites key climate change talks in Arab world
"The event focuses on transitioning the energy sector, demonstrating how strategic investments can foster prosperity without solely relying on fossil...
Economy
UAE voted to Category-B membership in International Maritime Organization
LONDON, UK - The UAE has been re-elected to the Council of the International Maritime Organization (IMO) in the Category...
Geostrategy
IMF to revise regional outlook over Israel-Hamas conflict
Dubai, UAE--The IMF announced Friday that it will revise its economic outlook for the Middle East and North Africa region...
Business
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Business
Astra Tech to launch financial services powered by AI in 2024, says CEO
ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first...
- The CEO said that Astra Tech plans to enter new financial sectors and make acquisitions in South Asia, including India.
- He said that the company is looking to expand into Saudi Arabia to enhance its services in this vital market.
Economy
UAE, Philippines to cooperate in digital sector with focus on data centers
Abu Dhabi, UAE - The UAE and Philippines signed an agreement to create a framework for investment in the digital...
- As physical facilities that organizations use to store critical data and run applications, data centers are vital parts of the digital economy infrastructure
- Recognized as one of the emerging data center markets worldwide, the Philippines offers a robust, rapidly growing ecosystem in this sector
Economy
UAE a pioneer in renewable energy: Palau President
“COP28 is attracting significant interest from various participating countries and will serve as an important forum for climate enthusiasts. This...
- Palau President commends the UAE's leadership in renewable energy, especially solar, for global climate goals.
- COP28 garners significant international interest as a pivotal event for climate change action and sustainability.