‘Saudi Arabia leads its regional peers in construction growth’
The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership,...
Economy
Abu Dhabi’s private sector grows by over 35 percent in 2023
ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...
Economy
Business
Ukraine may take 10 years to build infrastructure to skirt blockade
It would take Ukraine a decade to build infrastructure to replace its Black Sea ports, whose blockade by Russia is...
- Millions of tons of wheat and other grain have been stuck in Ukrainian ports since Russia invaded the country
- Ukrainian minister said that evidence from satellite images showed Russia transporting stolen grain to Syria
Economy
Skilled worker shortage hits Qatar, Kuwait: Report
75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with...
- 75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with specialised skills
- In Saudi Arabia and the UAE, 58 percen and 46 percentt of respondents respectively said that there is a skilled labour shortage
Economy
With $833bn in output, Saudi continues to be largest Arab economy
Saudi Arabia has consolidated its position in the Arab world as the largest economy, posting a domestic output of $833.5...
- The UAE was the second largest Arab economy, with $410 billion — 14.6 percent of the total
- Egypt ranked third, with a production of $402.8 billion
Business
Saudi Arabia to invest $3bn in vaccines, vital medicines industry
Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented...
- Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented in several stages
- The second phase, the minster said, will focus on localising immunological and cancer treatments technologies
Geostrategy
New rocket attack targets northern Iraq gas complex
A Katyusha rocket struck near an Emirati-owned gas complex in northern Iraq on Friday, a local official said, the second...
- The rocket targeted the Khor Mor gas complex in the autonomous Kurdistan region without causing any injuries or damage
- Energy infrastructure in the autonomous Kurdish region of northern Iraq has come under repeated attack in recent weeks
Economy
US recession would be ‘necessary price’ to defeat inflation: IMF chief
With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of...
- The Washington-based crisis lender again slashed its US growth forecast to 2.9%, from the 3.7% forecast in April
- The Fed last week implemented the biggest increase in its benchmark lending rate in nearly 30 years, as part of its aggressive effort to quell inflation
Geostrategy
Abu Dhabi officials in Canada to discuss clean energy solutions
A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders...
- Department of Energy officials in Canada showcase Abu Dhabi’s experience in promoting energy efficiency and sustainability
- The officials discuss opportunities for collaboration in energy efficiency and advanced clean energy solutions
Geostrategy
Saudi Arabia, Djibouti sign agreement on maritime transport
The Kingdom of Saudi Arabia has signed a joint cooperation agreement in maritime transport with the Republic of Djibouti which...
- The maritime transport pact between Saudi Arabia and Djibouti aim to strengthen relations at the strategic level
- The agreement aims to open new horizons for cooperation in various fields between the two countries
Economy
‘Make it in the Emirates’ helps in growth of industries
The two-day 'Make it in the Emirates' event hosted by Abu Dhabi, highlight the UAE's capacity to ensure the growth...
- The two-day ‘Make it in the Emirates' event highlight the UAE's capacity to ensure the growth of national industry
- The event helps in identifying a number of products the country will depend on in the coming years
Economy
OPEC Fund extends $72 million loan for Pakistan Dam
The OPEC Fund has partnered with Pakistan since 1976 and provided US$ 925 million financing in public and private sector...
- The OPEC Fund has partnered with Pakistan since 1976 and provided US$ 925 million financing in public and private sector loans
- While boosting Pakistan’s capacity to produce clean energy, the dam will also contribute to the development of the Khyber Pakhtunkhwa
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‘Saudi Arabia leads its regional peers in construction growth’
The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership,...
Economy
Company News
Saudi tourism on growth path despite hiccups
Infographics
Latest News
Mega projects bet high on diversified future
This TRENDS infographic dives into Saudi Arabia’s ambitious transformation to discover how the Kingdom is reshaping its future with high...
Economy
IMF head urges G20 leaders to deliver promised US$100bn for climate finance
New Delhi, India-- Appealing to G20 members to lead by example in delivering on the promise of US$100 billion per...
Global food prices drop in August: FAO
Led by staples other than rice and sugar, the Food and Agriculture Organization of the United Nations revealed that its...
Economy
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Geostrategy
UAE President, Indian Prime Minister discuss strengthening bilateral, trade ties
NEW DELHI, INDIA - UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi met to...
- The meeting was held on the sidelines of the 18th Group of 20 (G20) Heads of State and Government Summit in New Delhi.
- The two sides also exchanged views on various regional and international developments of mutual interest.
Business
Jordan-ASEAN Economic Forum to be held in March 2024, says ACC
AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with...
- ACC will host the forum, in cooperation with Malaysia, Indonesia, the Philippines, Thailand and Sultanate of Brunei.
- Trade exchanges between Jordan and ASEAN grew by 42 percent during 2022, compared to 2021, ACC's statistical data said.
Economy
Data, rail, electricity key focus as G20 eyes EU-Middle East-India trade plan
Major G20 partners are set to unveil ambitious plans on Saturday to enhance trade among India, the Middle East, and...
- Washington, Saudi Arabia, the EU, the United Arab Emirates and others will sign the deal on the sidelines of the G20 summit in New Delhi
- Washington actively prods Riyadh - a major oil producer and security partner - to normalize ties with Israel after decades of conflict and closed borders