Concerns and optimism on World Environment Day as Arabian Gulf takes bold initiatives
Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future...
Economy
Asian shares mixed after Fed minutes, while Nvidia provides support
Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates...
Economy
Economy
Campaign to attract Emiratis toward private sector launched by talent council
NAFIS.. Your Way, a campaign that will highlight the success stories of talented Emiratis in the private sector and the...
- The campaign was launched by Emirati Talent Competitiveness Council (ETCC), which is chaired by Sheikh Mansour bin Zayed Al Nahyan and ETCC Board Chairman.
- The campaign will showcase ambitious Emiratis around the UAE working in diverse roles within the private sector.
Economy
UAE foreign ministry, ECI sign MoU to promote trade, investment
The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company,...
- MoFAIC and ECI agree to work together to position the UAE as an ideal destination for trade and investment
- They will highlight the UAE's stable and secure environment, investor-friendly legislation and advanced trade finance infrastructure
Economy
Tie-ups with UAE helps boost Indian farm exports by 31 percent
Buyer-seller meets in the UAE on agricultural and food products with registered geographical indication (GI) tags, a week-long mango festival...
- Buyer-seller meets in the UAE on agricultural, food products with registered geographical indication tags helped boost India's exports
- A week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman also helped
Economy
UAE issues new guidelines for real estate transactions
The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU),...
- The move will help the UAE’s sustainable, evolving approach to the global fight against money laundering and terrorist financing
- The decision was made following multiple meetings and discussions among the MoE, MoJ, FIU, and other competent authorities in the UAE
Economy
UAE provides inflation allowance to 47,300 low-income families
The number of families that are provided inflation allowance under the UAE's Social Welfare Programme for low-income citizens, has reached...
- The inflation allowance is provided for food, water and electricity and fuel.
- Electricity and water subsidies will be paid to eligible categories for the inflation allowance in September.
Economy
Jordan to amend General Sales Tax Law to curb tax evasion
Senate Finance and Economic Committee has approved a slew of amendments to the Jordanian General Sales Tax Law 2021, referred...
- According to Jamal Sarayrah, head of the committee, amendments seek to bring about adherence to tax payment and reduction in tax evasion
- The committee will develop a set of recommendations on the the draft law, which would then be submitted to Senate's presidency for deliberation
Jordan puts up draft national AI strategy for public debate
The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission...
- The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission for Western Asia, and the UNIDO
- The strategy aims to create a regulatory environment that encourages the responsible use of AI and its applications to improve the efficiency of the public sector
Economy
Oil prices down by 10% as US stockpiles increase
A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week.
- A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week
- Oil prices got support after OPEC+ decision of increase in production starting next September, by 100,000 barrel per day
Economy
Over 7mn international visitors in Dubai in H1 2022
Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording over 183 growth compared to the 2.52...
- The number of tourists recorded in H1 2022 was close to the numbers achieved in the first six months of 2019
- Western Europe accounted for a significant share of tourist arrivals, comprising 22 percent of total international visitors in H1 2022
Economy
Qatar’s central bank’s foreign currency reserves hit $58bn in July
Qatar Central Bank’s (QCB) foreign currency reserves and liquidity increased 2.79 percent to reach QR 211.32 billion ($58bn) in July...
- The rise in reserves driven by an increase in the central balances of bonds and foreign treasury bills.
- The reserves consist of four categories: foreign securities, balances with foreign banks, gold, and Special Drawing Rights (SDR).
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Concerns and optimism on World Environment Day as Arabian Gulf takes bold initiatives
Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future...
Economy
Company News
QIB posts 7.7% profit rise
Business
Latest News
GCC chief highlights importance of boosting ties with UK
New York, US--Secretary-General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, has stressed the importance of strengthening ties with...
Geostrategy
Two weeks after calamity, Libya flood toll surpasses 3,800
Many of the dead are believed to have been swept out to sea, from where their bodies are still washing...
Geostrategy
China-Arab States Expo kicks off, highlighting deep trade ties
Yinchuan, China--The sixth China-Arab States Expo commenced today in Yinchuan, northwest China's Ningxia Hui Autonomous Region, marking yet another chapter...
Business
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Economy
UAE and Indonesia pledge to enhance economic cooperation
Jakarta, Indonesia-- The UAE and Indonesia have discussed mechanisms to expand regional cooperation and opportunities for trade and investment cooperation...
- Speaking at the UAE-Indonesia Business Forum, Al Mazrouei reaffirmed the UAE's commitment to developing relations between the two countries
- The forum reviewed a number of economic and investment issues of common interest in the fields of energy, mining, tourism, real estate, and aviation
Urban developments transform Saudi realty
The exhibition saw the launch of massive real estate ventures, including integrated, modern cities, with a combined investment of around...
- The recent "Cityscape Global" exhibition in Riyadh showcased the vast urban development initiatives, signaling a bright future for the Kingdom's urban and housing sectors
- The exhibition highlighted Saudi Arabia's $17 billion Diriyah Gate project and other urban developments, with investments totaling approximately $18.3 billion
Economy
‘Protect the planet, natural resources and heritage’
"The UAE is steadfast in its efforts to mitigate tensions and advocates for dialogue and diplomacy as means of resolution....
- The UAE emphasizes the importance of protecting the planet, natural resources, and cultural heritage
- Global challenges highlighted at the UNGA include armed conflicts, climate disasters, and waves of extremism