Low-pressure system eases over UAE: Dubai Airport delays remain
The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International...
Economy
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
Economy
More than 100 million people forcibly displaced: UN
Russia's war in Ukraine has pushed the number of forcibly displaced people around the world above 100 million for the...
- UNHCR said the numbers of forcibly displaced people rose towards 90 million by the end of 2021
- The figures combine refugees, asylum-seekers, as well as more than 50 million people displaced inside their own countries
Geostrategy
WEF: UAE eyes end to global hunger through innovation
Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and...
- Beside UAE, the other GCC countries that have sent delegations to the World Economic Forum include Saudi Arabia, Bahrain and Qatar to put their perspectives on contemporary issues.
- The forum’s first in-person Annual Meeting in more than two years is being attended by the world’s top leaders from politics, business, civil society, academia, media and the arts.
Business
Sharjah Consultative Council reviews plans to promote private sector
The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...
- Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
- He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
Economy
UAE unveils major structural change in educational system; appoints new ministers
Under the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...
- Ahmad Belhoul Al Falasi has been appointed as the UAE's Minister of Education
- The new structure in the education sector includes the Education and Human Resources Council, Federal Authority for Quality of Education and Ministry of Education
Economy
Iraq’s financial reserves may reach $40 billion by 2022 end: Official
Iraq's financial reserves are expected to reach $40 billion in case the current fiscal year ends without enacting a budget...
- Mazhar Muhammad Salih, advisor to Prime Minister, said the caretaker government will work hard to support Iraq's food security.
- Salih added that the annual government spending in the general budget constitutes nearly half of the gross domestic product.
Business
Qatar Chamber signs deal with Spanish firms to promote trade
Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation...
- There are about 50 Spanish companies operating in Qatar in various sectors like trade, contracting, services.
- Bilateral trade exchange between both countries hit $1.2 billion last year compared with $820 million in 2020.
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
Low-pressure system eases over UAE: Dubai Airport delays remain
The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International...
Economy
Company News
Latest News
TAQA to buy SWS Holding
Business
QSE unveils new trading system
Business
Qatari economy records 2.7% growth in Q1 2023
Doha, Qatar – The Qatari economy has reported a growth rate of 2.7 percent during the first quarter of 2023...
Economy
DFM registers 34,800 new accounts in 8 months
Dubai, UAE - Brokerage firms in the Dubai Financial Market (DFM) witnessed a substantial influx of New Investor Numbers (NIN),...
Business
Saudi Arabia and Singapore pledge to ramp up economic ties
Singapore-- Saudi Arabia and Singapore have pledged to enhance economic cooperation between the two countries and also reviewed the challenges...
Economy
Most Read
Geostrategy
Grain deal in focus as Putin, Erdogan all set to meet
MOSCOW, RUSSIA - Russian President Vladimir Putin will host his Turkish counterpart Recep Tayyip Erdogan on Monday, the Kremlin said, amid...
- Russia pulled out from the UN-backed grain agreement that Turkey helped broker in July, effectively revoking safe navigation for civilian ships sailing through the Black Sea.
- Turkey's foreign minister Hakan Fidan said on a visit to Moscow on Thursday that reviving the deal to ship Ukrainian grain across the Black Sea was "critical" for food security.
Geostrategy
Iran’s non-oil export to ECO countries from Mar 21 to July 22 2023 reaches $3.6bn
TEHRAN, IRAN – Iran’s export of non-oil products to the Economic Cooperation Organization (ECO) member states in the first four...
- In the four-month period, Iran exported 8.161 million tons of non-oil commodities to ECO member states.
- In the same period, Iran imported 1.394 million tons of goods, valued at $2.445 billion, from the ECO states.
Economy
Qatar’s Q2 2023 budget posts record surplus of US$2.7bn
DOHA, QATAR - The Ministry of Finance announced that the budget of Qatar for the second quarter of the year...
- The surplus would be directed towards reducing public debt, raising the reserves of the Qatar Central Bank.
- It would be used for enhancing the savings of future generations through the Qatar Investment Authority.