MENA region is leading the on-demand talent revolution: report
Agile work models and diverse skill demands propel MENA's freelance economy, empowering businesses to thrive amid modernization and digital transformation.
Economy
Ramadan drives MENA online shopping boom, UAE takes the lead
As Eid Al-Fitr approaches, online shopping is expected to reach new heights, with anticipated growth in categories like flowers, cakes,...
Economy
Economy
Shark kills 1 Austrian, 1 Romanian tourist in Egypt’s Red Sea
Two women, one Austrian and the other Romanian, were killed in a shark attack this week off the coast of...
- The Red Sea is a popular tourist destination, where sharks are common but rarely attack people swimming within authorised limits
- In 2018, a Czech tourist was killed by a shark off a Red Sea beach and a similar attack killed a German tourist in 2015
Economy
Jordan’s GDP grows 2.5 percent in Q1, hospitality sector biggest gainer
Jordan's Gross Domestic Product (GDP) at constant market prices grew by 2.5 percent in quarter one of 2022, compared to...
- The Department of Statistics (DoS) of Jordan said economic sectors rose in quarter one of the current year.
- Hotels and restaurants sector came first with 6.8 percent, followed by construction sector with 5.3 percent.
Economy
Iraq’s June crude oil export revenue $11 billion: Ministry
Iraq received in excess of $11 billion as revenue for crude oil export in June, the Ministry of Oil said....
- Crude oil export in June from oil fields in central and southern Iraq amounted to (97) million (980) thousand and (589) barrels.
- Total exported quantities from Kirkuk fields through Ceyhan port amounted to one million (910) thousand and (887) barrels.
Geostrategy
Arab finance ministers mull over food security, Ukraine war
Foreign ministers of Arab nations discussed in Beirut a range of regional crises, with emphasis on food security and the...
- The discussions of the ministers dealt with the impact of the Ukraine war on the region and food security
- As for the Ukraine war, the Arab diplomats were unanimous in rejection of any politicization of international organizations
Economy
Biggest tax cut in a decade will save British workers millions: Johnson
Speaking at the NATO summit in Madrid, Johnson said the "very, very tight labor market" and difficult "balance of our...
- The PM said when the National Insurance threshold rises Wednesday, it will save 30 million British workers up to $400 a year.
- He said there is a "big chance" to fix unnecessary cost pressures for people and businesses across the UK.
Videos
MENA expects $320bn AI share in economy
Artificial Intelligence market is growing in the Middle East by an estimated 20 percent to 34 percent annually, with GCC...
- By 2030, some 70 percent of companies might have adopted at least one type of Artificial Intelligence (AI) technology.
- Less than half will have fully absorbed the five categories of AI: computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning.
Economy
World Bank and Jordan Chamber discuss investment law
Jordan Chamber of Commerce Vice President discusses with a World Bank team the Kingdom's investment regulation law and the incentives...
- Jordan's Chamber of Commerce stressed on the need to offer clear incentives to projects in the pipeline.
- The move will help the private sector can publicize such incentives to lure in more investments.
Economy
Jordan imports 12.99mn barrels of crude oil in 2021
Jordan imported 11.8 million barrels of crude oil through the port of Aqaba, while a total of about 1.19 million...
- 1.19 mn barrels of Iraqi oil were imported since supply was launched in September 2021 until end of 2021
- Oil production from the Hamza oil field amounted to 105,000 barrels during 2021
Economy
UAE approves 22 policies to speed up circular economy model
The UAE has approved 22 policies that focus on accelerating the implementation of the circular economy model in the UAE in...
- These policies will focus on accelerating the implementation of circular economy model in he UAE in manufacturing, food, infrastructure, and transport.
- A meeting of the Circular Economy Council also identified at least 16 circular economy activities that can create opportunities for businesses.
Economy
Jordan’s exports to Canada went up by 22 percent since 1997
During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent, from US$885,000...
- During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent
- Jordan and Canada have signed free trade, labor, double taxation, environment and investment agreements
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MENA region is leading the on-demand talent revolution: report
Agile work models and diverse skill demands propel MENA's freelance economy, empowering businesses to thrive amid modernization and digital transformation.
Economy
Company News
Qatar Airways’ profits fall
Economy
Latest News
Saudi capital market institutions employ 5,524 by second quarter end: CMA
Dubai, UAE -- The number of employees at capital market institutions rose by 103 quarter-on-quarter (QoQ) to 5,524 by the...
Business
UAE Govt to offer 2.5% payment support for pensioners
Dubai, UAE - The UAE government has announced a 2.5 percent payment support to its citizens’ pension contributions through the...
Economy
‘Saudi Arabia sees fastest growth among G20 nations’
"The Saudi economy achieved a growth rate of 8.7 percent in 2022, the fastest among G20 countries, surpassing the expectations...
Economy
Most Read
Science
Iran and Russia sign deal to build research spacecraft in two years
Tehran, Iran-- Iran and Russia are looking to build a research spacecraft within two years and in this connection top...
- The Scientific and Research Department at the University of Tehran has set up a secretariat to oversee the project
- The Islamic republic's vice president has directed the Plan and Budget Organization of Iran to finance part of the joint project
Economy
India wants to use UAE expertise in smart cities: official
New Delhi, India - India wants to cooperate with the UAE in smart cities and technologies, President and CEO of the...
- India aims to have a digital economy worth US$1 trillion by 2026, and its internet services are already valued at US$300 billion, Abhishek Singh said
- There are many areas for cooperation between the two countries, most notably smart cities, digital traffic systems, and technology integration in healthcare, he added
Economy
UAE president discusses boosting ties with president of Nigeria
Abu Dhabi, UAE-- UAE President Sheikh Mohamed bin Zayed and Nigerian President Bola Ahmed Tinubu discussed opportunities for further bilateral...
- UAE president hoped the two leaders would work together to deepen ties that benefit both the UAE and Nigeria
- Sheikh Mohamed renewed the UAE's goal to foster ties with countries that share the same aspiration for growth