Qatar looks to boost tourism sector by streamlining regulations
Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve...
Business
Geopolitical tensions boost oil, weigh on equities
Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest...
Market Report
Economy
Tunisian weavers turn rags into eco-friendly rugs
Tunisian weavers are recycling old clothes into carpets using traditional techniques. This gives women a livelihood and elevate the status...
- Tunisian weavers are recycling old clothes into carpets using traditional techniques.
- This gives women a livelihood and elevate the status of handicrafts in the country.
Business
Iraq will have a surplus of the difference in selling oil: FM
Iraq's Finance minister said during a Television interview, "Iraq will have a surplus of the difference in selling oil, up...
- Minister said in a Television interview, "Iraq will have a surplus of the difference in selling oil, up to 20 billion dollars"
- According to the Iraqi Minister, 2021 budget is unable to cope with economic fluctuations
Business
Strong demand spurs Dubai’s realty growth
The market performed well in 2021, with average home prices and rents increasing by 9.3 percent and 8.3 percent, respectively....
- According to a report by Asteco Property Management, 2021 witnessed the delivery of about 17,000 housing units, including 15,000 apartments and 2,000 villas
- Manager Partner of BSA, Jimmy Haoula, explained that the UAE had outshined many of its neighboring jurisdictions with a welcoming economy and a safe place to grow and live
Economy
Al-Daghmi: Jordan is strong under its ‘wise Hashemite leadership’
Al-Daghmi said Hashemite leadership had built Jordan hand in hand with his sons to be a model in the Arab...
- Al-Daghmi said Hashemite leadership had built Jordan hand in hand with his sons to be a model in the Arab region
- Representative Obeid Yassin said that the Hashemite leadership was and still is the safety valve in the homeland
Geostrategy
Russian army says Mariupol steelworks ‘totally liberated’
Russia's Defense Minister Sergei Shoigu informed president Putin of "the end of the operation and the complete liberation of the...
- Russia's Defense Minister Sergei Shoigu informed president Putin of "the end of the operation and the liberation of the city of Mariupol."
- On May 20, the last group of 531 Azov regiment of Ukrainian soldiers in Mariupol surrendered to Russian army, Russian official has confirmed
Economy
Lebanon cabinet passes financial recovery plan during last session
The cabinet of bankrupt Lebanon, at its final session on Friday, passed a financial recovery plan needed to secure international...
- "Any delay in implementing the financial recovery plan will be very costly to Lebanese," Prime Minister Mikati said
- The International Monetary Fund and Lebanon in April struck a conditional deal for $3 billion in aid
Economy
Key Iraq irrigation reservoir close to drying out
Iraq's Lake Hamrin, a once-vast reservoir northeast of Baghdad that is the sole source of water for irrigation across Diyala...
- "There are no other sources of water in the province -- the volume arriving in Lake Hamrin is the volume used in the province," an Iraqi official said
- The problem is not exclusive to Diyala province. The World Bank predicts that without major changes, Iraq will have lost 20 percent of its water resources by 2020
Economy
GCC ready to deal with global inflation, sectoral shifts
However, Hamade believes that the markets in the Gulf region are better prepared to navigate the economic headwinds given the...
- Local production, technology, and the improving quality of goods and services alleviate the pressure of exports, says Amanat Holding's CEO Dr Mohamed Hamade
- Startups have been contributing to driving economic self-sufficiency aided by homegrown production and facilitation to reduce the burden of imports, he adds
Economy
Saudi Arabia elected head of ICAO’s Regional Aviation Safety Group
The election took place during the ninth session of the group’s meetings hosted in Riyadh from February 14-17.
- The election took place during the ninth session of the group’s meetings hosted in Riyadh from February 14-17
- The Middle East Regional Aviation Safety Group (RASG-MID) aims to develop an integrated data-driven strategy
Economy
Dubai Customs launches ‘Training Doses’ initiative
The initiative will also help in consolidating controls and combat all customs violations, including smuggling.
- The initiative will also help in consolidating controls and combat all customs violations, including smuggling
- The Training Doses initiative is in line with Dubai Customs’ strategic plan, which focuses on developing human cadres
Most Read
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
Qatar looks to boost tourism sector by streamlining regulations
Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve...
Business
Company News
Latest News
Saudi Arabia’s banks post 9.6% rise in aggregate profits in July to US$1.71bn
Riyadh, Saudi Arabia-- Banks in Saudi Arabia have reported a 9.6 percent increase in aggregate profit to $1.71 billion in...
Economy
Sharjah to host Gulf-Iraq business forum to ramp up economic ties
Sharjah, UAE--Sharjah will host the first-ever Gulf-Iraq Business Forum on 26th and 27th September to boost economic ties between the...
Business
Saudi Arabia and Turkey to boost ties in industrial, mining sectors
The two countries signed a memorandum of understanding (MoU to boost mining cooperation in critical minerals needed in new technologies...
Economy
Most Read
Arts & Culture
NEOM to set up education, research and innovation center
TABUK, SAUDI ARABIA – NEOM has announced plans to establish a world-class education, research and innovation (ERI) center, following last...
- NEOM’s ERI center will enable access to a world-class education, research and innovation ecosystem at any stage of the life of a learner.
- The curricula deployed across NEOM’s ERI pillars will prepare a digitally fluent workforce, equipping students with real-life skill sets.
Geostrategy
French President says change in existing world order would weaken West, Europe
PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President...
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
Economy
Oman and South Korea sign agreement on green energy transition
Muscat, Oman--Oman has signed a memorandum of understanding (MoU) with South Korea in the field of green energy transition. The...
- The agreement underscores keenness in both countries to consolidate cooperation in green transition as the relations deepen
- The two countries will devise green transition policies and programs and develop technologies for environment conservation