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
Kuwait approves new government amid political crisis
Kuwait's emir approved a new cabinet Sunday two days after he dissolved the parliament elected only weeks earlier, and he...
Economy
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
Business
Dubai Chamber members’ exports up 28 percent in May, highest since 2018
The strength of the Dubai economy, the flexibility of the emirate's merchants and the value of Dubai Chamber of Commerce...
- Dubai’s strategic plan to boost foreign trade by up to AED 2 trillion ($544 billion) in five years, Al Ghurair said.
- GCC countries accounted for 55 percent of the total exports and re-exports of the members in May 2022.
Economy
Work in water reservoir project in Hatta ahead of schedule
The project includes the construction of two reservoirs with a storage capacity of 30 million gallons of desalinated water, supporting...
- Progress in the Hatta water reservoir project is ahead of schedule as 36 percent completed compared to 32 percent target
- The project has a capacity of 30 million imperial gallons at a cost of approximately AED 86 million
Economy
Address needs of women entrepreneurs: DG WTO at MC12
Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
- Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
- A strong and effective WTO is critical for these women, which is one more reason why delivering results at MC12 this week is so important, she added
Economy
Visa-free travel to Saudi Arabia for GCC residents
Under the new visa scheme, all GCC residents with a valid resident and work visa issued by the UAE, Bahrain,...
- The informed sources at the ministry told TRENDS that the draft for the new scheme is ready and will be officially announced in the next few days
- Under the new visa scheme, all GCC residents with a valid resident and work visa will be allowed entry into Saudi Arabia for business, tourism, and Umrah purposes
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
Company News
Apple tops $3trn in market value
Business
Latest News
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
Deadliest quake in decades kills over 1,000 in Morocco; rescue bid is on
Following the devastating earthquake in Morocco on Saturday that killed more than 1,000 people so far, the UAE, Iran, Iraq,...
Economy
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...
Geostrategy
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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
Geostrategy
With no deal in place with Ukraine, Russia starts grain supply initiative
Moscow, Russia - Russian Deputy Foreign Minister Sergey Vershinin has confirmed the commencement of the implementation of the Russian grain...
- The initiative was initially proposed by Russian President Vladimir Putin, who pledged to provide one million metric tons of grain at a preferential price
- Vershinin stated that practical steps are now being taken, including communication with the involved parties to establish a trilateral agreement
Geostrategy
‘Qatar leads the charge in food security initiatives’
Several ministers of agriculture and food security from UN's Food and Agriculture Organization member states at the event discussed key...
- Qatar plays a major role in advancing food security at local, regional, and global scales, says Qatar’s Municipality Minister
- The country's key initiatives include dairy cow importation, poultry self-sufficiency, and innovative greenhouse techniques