Russia becomes world’s fourth-biggest LNG producer, says PM
MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year. The Russian...
Business
Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE
ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...
Economy
Economy
UN urges WTO to not restrict food export for humanitarian purposes
The United Nations on Monday begged world trade ministers meeting at the WTO not to impose export restrictions on food...
- Countries meeting at the WTO's ministerial conference in Geneva this week are trying to reach a consensus position on food security
- Russia's invasion has heightened concerns for global food security as Ukraine's Black Sea ports are blocked
Geostrategy
Argentina holds passports of plane’s crew linking with Iranian Guards
Five Iranian crew of a cargo plane grounded in Argentina since last week have had their passports temporarily seized pending...
- The Revolutionary Guards, Iran's ideological army, is on a US blacklist of foreign "terrorist organizations."
- Iran said Monday Argentina's move was part of a "propaganda" campaign against Tehran amid tensions with Western countries
Economy
Oman, Tanzania establish Joint Investment Fund
Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs.
- Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs
- He revealed that the two countries would later sign MoU to collaborate on economic, investment, tourism and energy projects
Economy
Realty helps UAE’s economy settle into new normal
The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable...
- The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa tells TRENDS
- Appetite for villas and townhouses will grow in upcoming years due to the rise of work-at-home trends and social isolation, as well as the expansion of residential areas
Economy
Saudi Arabia issues interim licenses for digital govt business
Saudi Arabia's Digital Government Authority issued the first package of interim licenses for digital government business to three companies -...
- Saudi Arabia's Digital Government Authority issues interim licenses for digital government business to three companies
- Elm, Takamol Business Services and Thiqah to develop and operate 15 existing digital government platforms and products
Business
Saudi Arabia adopts online registration for Hajj to combat scams
Saudi Arabia has required would-be hajj pilgrims from many Western countries to apply for visas via a government portal online,...
- It applies to the United States, Canada, the United Kingdom, Europe and Australia, an official told AFP on condition of anonymity.
- Previously, pilgrims could register via travel agencies that organised hajj trips, a system that sometimes led to scams, with "fake agencies" making off with victims' money.
Economy
Germany, UAE can jointly invest in ‘new economy’, says top diplomat
Germany and the UAE as strong economic partners will continue trade but they can make joint investments in the 'new...
- Germany and the UAE as strong economic partners will continue with their trade in the traditional economy
- Both the countries can make joint investments in the 'new economy' that will help achieve their net-zero targets
Economy
European Union spent $305 billion on environmental issues in 2021
The European Union's expenditure in 2021 on environmental protection, investments and consumption amounted to €292 billion ($305.4 bn), said Eurostat,...
- The expenditure has risen by over 3 percent on average each year, with a total increase of 54 percent since 2006.
- The expenditure on environmental protection remained stable over the last 15 years at about 2 percent of GDP.
Economy
‘Made in Saudi’ takes part in 17th OIC Member States Trade Fair
The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade Fair
- The Made in Saudi program's participation shows international trade fairs help companies reach global markets
- The event is considered a platform to display goods and services and to discuss about strategic partnerships
Arts & Culture
Saudi youth excel in event management in Jeddah Season
Saudi youth make their mark in event management during Jeddah Season where they comprise over 80 percent of the workforce...
- Saudi youth are over 80 percent of the workforce in event management in Jeddah Season
- Saudi youth demonstrate their ability and success to manage and organize events
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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
Russia becomes world’s fourth-biggest LNG producer, says PM
MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year. The Russian...
Business
Company News
Latest News
UAE announces US$4.5bn in Africa clean energy investments
Speaking at a landmark climate summit hosted by Kenya, Sultan Al Jaber, who heads the government-owned renewable energy firm Masdar,...
Business
G20 per capita coal emissions growing: research
According to the research published by Ember, an energy thinktank that pushes for renewable power, per capita G20 coal emissions...
Economy
Saudi Arabia to invest $25bn over next five years: Pakistan interim PM
Islamabad, Pakistan - Pakistan's caretaker Prime Minister, Anwaar-ul-Haq Kakar, announced on Monday that Saudi Arabia plans to invest up to...
Economy
Most Read
Economy
Saudi Arabia forms Global Water Organization to secure sustainable resources
Jeddah, Saudi Arabia--Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the establishment of Global Water Organization in order to...
- The body will seek to exchange knowledge, expertise, the advance of water technology, innovation, and share research and development experiences
- It will also press for the funding of high-priority projects to ensure the long-term sustainability of water resources while ensuring access to water for all
Economy
Arab economies projected to grow 3.4% in 2023: AMF official
The growth may increase to 4% in 2024. Arab Monetary Fund Director-General Dr. Abdul Rahman bin Abdullah Al Humaidi stressed...
- He also underscored the importance of intensifying efforts to develop the financial and banking sector in Arab countries and increasing access to financing and financial services
- The Arab banking system has become more prepared to absorb and withstand financial and economic shocks and risks due to its improved liquidity and solvency levels, he said.
Business
UAE creates federal authority for gaming, casino giants flock to country
Dubai, UAE - The United Arab Emirates (UAE) has established a federal entity responsible for regulating gaming activities within the...
- Ras Al Khaimah, one of the UAE's seven emirates, is planning to open a Wynn Resort valued at around $3.9 billion, which will include a casino
- The decision to allow gambling comes amid heightened economic competition in the Gulf, particularly with neighboring Saudi Arabia