TAQA, JERA sign pact with SATORP to develop plant in Saudi ArabiaÂ
ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they...
Business
Jordan oil imports decline in January, boosting trade balance
Amman, Jordan--Jordan's import bill for crude oil, derivatives, and mineral oils saw a notable decline in January this year, according...
Economy
Economy
Qatar, France look to enhance cooperation in labor
The deal was signed on Sunday, March 27, in cooperation with the International Labor Organization.
- The memorandum comes within the framework of the cooperation strategy implemented by Qatar with various governments and global organizations
- It reportedly aims to enhance cooperation between the Ministry of Labor and the French government in cooperation with the ILO in the fields of labor
Jordan announces Ramadan working hours for public sector
In a circular, Prime Minister Bisher Khasawneh called for observing the sanctity of the holy month.
- In a circular, Prime Minister Bisher Khasawneh called for observing the sanctity of the holy month
- In a circular, Prime Minister Bisher Khasawneh called for observing the sanctity of the holy month.
Videos
Where does fisheries stand in UAE economy?
The fisheries sector in the UAE has changed quite a bit over the past two decades, with a pointed move...
- The UAE has been striving to achieve food security through several of its initiatives
- It has also been looking to achieve a degree of sustainability in the fisheries sector
Opinion
How can UAE firms adapt to corporate tax?
Now entities that typically have strong brand equity, control over distribution, and very few competitors, have a competitive edge that...
- Generally, businesses react negatively to any tax announcement, like the UAE’s corporate tax
- However, companies within the UAE might themselves benefit the most from such a tax
Economy
Metaverse set to transform banking in GCC
Regional players eye big share as Metaverse is expected to become a US$800 billion market. Some analysts believe it will...
- Metaverse is expected to become a US$800 billion market -although some analysts think it will reach $30 trillion
- The use of Metaverse in banking may lead to the emergence of fully digital bank branches, reducing or even eliminating the need for physical ones
Business
AD Ports, Kuwait GAC sign MoU
The port operator will develop a virtual trade corridor between the two countries.
- AD Ports Group’s digital arm, Maqta Gateway, will develop the new virtual trade corridor based upon its Advanced Trade & Logistics Platform.
- The MoU will also provide for accelerated procedures for expediting shipments of perishable goods, reducing dwell time at borders.
Geostrategy
UAE finance ministry to organize dialogue sessions WGS 2022
UAE’s Ministry of Finance will organize a series of specialized dialogue sessions on the sidelines of the World Government Summit...
- This year’s summit themed ‘Shaping the Future of Governments’ will be held on March 29 and 30, coinciding with the closing of Expo 2020 Dubai.
- The summit will also launch 20 in-depth knowledge reports that outline key topics on global governments’ agendas in cooperation with prominent global research institutions.
Economy
UAE to invest $2bn in Egypt in order to bolster its economy
The UAE is going to invest some $2 billion in Egypt by buying up the state-owned companies in order to...
- The world’s largest wheat importer has been hit hard by record grain prices that were fueled by the Russia-Ukraine war
- The decision came during a rare meeting between leaders of Egypt, the UAE and Israel to discuss energy and food security
Economy
Jordan, USAID launch project to support energy sector
The Ministry of Energy and Mineral Resources and the United States Agency for International Development (USAID) in Jordan have launched...
- The project seeks to achieve financial sustainability of Jordan's electricity sector, strengthen the sector's regulatory frameworks and improve its services in oil and gas markets.
- The project valued at $40 million will be implemented over a five-year period, citing a statement from the Energy Ministry.
Economy
Meat off the menu in crisis-hit Lebanon as poverty bites
The Lebanese pound has lost more than 90 percent of its value on the black market, more than 80 percent...
- Imported red meat price has been increased five times in Lebanon which is more than the monthly minimum wage of 675,000 Lebanese pounds ($33)
- Increasing transport costs has forced Lebanon to import 40 containers of frozen meat which used to import more than 70 containers every month
TAQA, JERA sign pact with SATORP to develop plant in Saudi ArabiaÂ
ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they...
Business
Company News
Air Arabia to double fleet
Business
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Saudis, Emiratis gain wealth, but disparity remains
In 2022, 45 percent of adults in Saudi Arabia had a net worth of less than $10,000, against 43 percent...
Economy
Bahrain supports AI tendering platform, Procural, to create jobs
Manama, Bahrain - Tamkeen, a semi-autonomous government agency, tasked with developing Bahrain's private sector has decided to support the Bahrain-based...
Economy
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Economy
Under UAE Presidency, COP28 will lead global efforts to protect the planet, safeguard future generations
"The UAE possesses essential capabilities such as modern infrastructure, a commendable track record in sustainability and environmental conservation, recognition as...
- Sheikh Mohamed highlights role of youth, women, and civil society in combating climate change
- UAE invites global cooperation for collective climate action, COP28 to lead efforts under UAE Presidency
Geostrategy
Nearly 40 migrants rescued, others found dead off Cape Verde
The boat was spotted on Monday almost 200 miles from the island of Sal by a Spanish fishing boat, which...
- Media reported that the "pirogue" style boat common in the region left Senegal a month ago
- Senegal's foreign ministry said that 38 people were rescued from the migrant boat off the Cape Verde coast
Economy
Global wealth set to rise by 38% over the next five years: study
Zurich, Switzerland – The latest Global Wealth Report predicts global wealth to reach $629 trillion by 2027, despite 2022 being...
- The report estimates wealth per adult to reach $110,270 in 2027 and the number of millionaires to rise to 86 million
- When looked at in demographic terms, Generation X and Millennials continued to do relatively well in 2022