GCC equity markets ended 2024 in positive territory
Five of seven GCC equity market indices under coverage ended 2024 on the rise, according to an in-depth report on GCC equity...
Asia stocks mostly down after Wall St. losses
The "Santa Claus rally" got off to a good start but US stocks then fell across the board on Friday,...
Economy
Dubai Customs and South Korea to boost trade ties
Dubai, UAE— Dubai Customs and a delegation from South Korea have discussed ways to further develop mutual trade cooperation. Dubai...
- Dubai Customs shared their experience in developing smart customs services and digital systems with the delegation
- The Korean delegation learned about the Post Clearance Audit System, which targets risky clearance transactions and enhances transparency in trade
Economy
TBI denies loan for ‘fake projects’, says recovered 1 trillion, 500 billion dinars
Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans...
- Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans in the bank is inaccurate
- The bank stressed there are no loans for fictitious projects, saying the report in the media which doesn't identify its sources directly affects it
Economy
China scraps Covid tracking app as virus rules ease
More than two years after it was launched, China will retire "Communications Itinerary Card", which tracks people who have been...
- It comes just days after China announced an end to large-scale lockdowns, mandatory quarantine in central facilities, and a broad relaxation of testing measures
- The app is only one of a panoply of tracking apps that have governed everyday life in China throughout the pandemic
Geostrategy
Yemen war has killed or maimed over 11,000 children: UN
Hundreds of thousands have died since, either as a result of fighting or indirectly through unsafe drinking water, disease outbreaks,...
- About 2.2 million Yemeni children are acutely malnourished, one quarter of them aged under five, and most are at extreme risk from cholera, measles and other diseases
- Yemen's war broke out in 2014 and quickly saw Iran-backed Houthi rebels seize the capital Sanaa, prompting Saudi-led forces to intervene to prop up the government
Business
Algeria’s Sonatrach starts production in new gas field
The company announced the completion of production of the Tinrhert gas field at the end of November 2022.
- The company announced the completion of production of the Tinrhert gas field at the end of November 2022
- Algeria has signed many energy agreements with European countries during the current year
Economy
GCC vows to unify stance of global environment issues
The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international...
- The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international environmental forums
- The meeeting of GCC ministers responsible for environmental affairs in their respective countries was chaired by Oman's Dr. Abdullah bin Ali Al-Amri
Economy
UN says right environment policies can generate 20 million jobs
“It is critical that as we scale up the use of Nature-based Solutions (NbS) we make sure we do not...
- Nature-based solutions aim to protect, restore, and sustainably manage waters and marine ecosystems.
- New Green Jobs for Youth Pact, launched by ILO and UNEP at COP27, aims to create one million new green jobs.
Videos
Is GCC insurance industry ready for the change?
Industry experts stress the need for harnessing the momentum the industry has gained after the recovery from Covid setbacks.
- PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness "the momentum they have gained" to meet new challenges.
- "Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world," says Sanjay Jain of PwC.
Economy
Saudi real GDP grows 8.8 percent in third quarter on rise in oil activities
Riyadh, Saudi Arabia---Saudi Arabia’s real gross domestic product grew by 8.8 percent in the third quarter of 2022 compared to...
- GASTAT noted that the real GDP growth in the third quarter was up 2.1 percent compared to the second quarter of this year.
- Government activities also rose by 2.5 percent in the third quarter compared to the same period a year ago.
Geostrategy
Russia oil embargo, price cap disrupts tankers
Russia has assembled a "shadow fleet" of more than 100 vessels seeking to circumnavigate the Western sanctions regime. These ships...
- Aimed at depriving Russia of key income, the western sanctions have also slowed transportation of its oil by sea
- President Vladimir Putin on Friday warned that Russia could reduce crude production in response to the price limit
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GCC equity markets ended 2024 in positive territory
Five of seven GCC equity market indices under coverage ended 2024 on the rise, according to an in-depth report on GCC equity...
Company News
Latest News
Bahrain and Russia look to boost economic cooperation
Manama, Bahrain-- Bahrain and Russia have held discussions to enhance cooperation in various fields of the two countries' economies. In...
Economy
Iran and Russia diplomats hold discussions on BRICS
Tehran, Iran--Senior Iranian and Russian diplomats held talks in Tehran to discuss the BRICS group and its fields of activities...
Economy
Most Read
Economy
Qatar’s consumer price index rises by 1.08% in October 2023
DOHA, QATAR - The Consumer Price Index (CPI) for October 2023 reached 108.09 points, showing an increase of 1.08 percent...
- Comparing the CPI of October 2023 with October 2022, an increase has been recorded by 2.52 percent on an annual basis.
- The CPI of October 2023 recorded an increase by 1.48 percent when compared to the index of September 2023.
Business
Dubai plans bigger airport as passenger traffic continues to increase
"Once we've reached about 120 million (passengers a year), which is what we think our total capacity at DXB (Dubai...
- Dubai Airports CEO Paul Griffiths said designs were being drawn up for Al Maktoum International Airport, which will be built on the city's outskirts
- Third-quarter traffic was 22.9 million, the highest since 2019, taking 2023 numbers so far to 64.5 million, nearly 40 percent higher than the same period in 2022.
Opinion
Russia-UAE economic ties strengthen with $9bn trade
The streamlined IP processes, including efficient patent registration and robust litigation frameworks, are key factors contributing to this thriving bilateral...
- The UAE's innovations in the oil sector offer patent opportunities in Russia.
- Intellectual Property (IP) protection vital for Russian imports of UAE goods.