MENA region could gain $385bn from women reentering workforce: survey
Doha, Qatar - The women returning to the workforce following a career break have the potential to contribute nearly US$385bn...
Economy
UAE financial system more secure and efficient than before, says CBUAE
Abu Dhabi, UAE--The technological and structural advancements in the UAE financial sector continues to enhance security, operational efficiency, accessibility of...
Economy
Business
France’s TotalEnergies signs $27bn oil, gas, solar deal in Iraq
French giant TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq Sunday, as the...
- Oil minister Ihsan Ismail said this is the largest investment in Iraq by a western company.
- Despite being the number two producer in the OPEC, Iraq is experiencing an acute energy crisis and chronic blackouts that fuel social discontent.
Economy
Saudi economy grew 6.8% in Q4, 3.3% in 2021
The data was released on Thursday, February 10, by the country’s General Authority for Statistics (GASTAT).
- This positive growth in the GDP was attributed to the high increase in oil activities: as much as 10.8 percent
- Non-oil activities were up 5 percent, and government services activities rose 2.4 percent year-on-year
Economy
JBA head, Tunisian envoy discuss enhancing joint economic cooperation
According to a JBA statement it has helped promote joint investments and increase the volume of Jordan-Tunisia trade exchange.
- According to a JBA statement it has helped promote joint investments and increase the volume of Jordan-Tunisia trade exchange
- The two sides discussed joint cooperation in the sectors of garment, textiles, banking, contracting, traditional industries, transport, shipping, and pharmaceutical industries.
Economy
KSA eyes big role in Fourth Industrial Revolution
Saudi Arabia plans an Industrial Fund to assist investors in the sector shifting to 4IR technologies with the help of...
- Saudi Arabia's advanced digital government, according to an official report, will help the country's in speeding up the implementation of 4IR strategy
- The 4IR strategy aims to support the localization of new and advanced industries in the kingdom and also boost competitiveness of the existing industries
Economy
Dubai plans to attract 50 multi-national companies under a three-year strategy
Dubai plans to attract 50 multinational companies within three years and push the external expansion of 100 companies from Dubai...
- Drawn by Dubai International Chambers, the strategy will also push the the external expansion of 100 companies from Dubai to priority foreign markets.
- It will also support and motivate multinational companies to list on the Dubai Financial Market.
Economy
UAE climbs to 3rd globally in Agility Emerging Markets Logistics Index
The UAE is the most competitive emerging market in GCC and the third most competitive on a global scale after...
- The UAE out-performed all 50 countries in business fundamentals, an area where Gulf and MENA countries are clear leaders
- The 2022 Agility Emerging Markets Logistics Index is the company’s 13th annual ranking of the world’s 50 leading emerging markets
Economy
High energy prices put more pressure on Turks
When temperatures plunged well below freezing in Ankara and energy prices soared, Dondu Isler had to make a tough choice...
- Energy prices in Turkey and other countries have soared in the past year due to recovering demand and geopolitical tensions
- Turks have also seen their overall purchasing power dwindle dramatically amid a currency crisis and two-decade high inflation that reached almost 50% last month
Economy
Godsend or ‘ghetto’: Syrian migrants flock to small Cyprus town
The Cypriot government says the divided country has the highest number of first-time asylum applications in the European Union per...
- The Cypriot government says the divided country has the highest number of first-time asylum applications in the European Union per capita
- Most of them are from Syria, and their number has more than doubled from 800 over the past three years
Business
Qatar Industrial Co. posts net profit of $38m in 2021
Qatar Industrial Manufacturing Co. has reported a net profit of $38m for 2021 in comparison to net profit of $23m...
- The company disclosed the interim financial statement for the 12-month period ending Dec. 31, 2021
- Qatar Industrial Manufacturing Co. was established in 1990 with a capital of QR 475.2 million
Geostrategy
New guidelines for Umrah pilgrims announced by Saudi ministry
The Ministry of Hajj and Umrah announced an update in the procedures for entering Saudi Arabia for Umrah, which is...
- This is done to ensure the health and safety of the Umrah Performers and visitors
- These new requirements will go into effect starting at 1:00 am Wednesday, February 9, 2022
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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
MENA region could gain $385bn from women reentering workforce: survey
Doha, Qatar - The women returning to the workforce following a career break have the potential to contribute nearly US$385bn...
Economy
Company News
Latest News
Trade between Russia and Africa totaled $18 bn in 2022: Putin
Moscow, Russia - Trade turnover between Russia and Africa reached $18 billion in 2022, which is one of the results...
Geostrategy
US Federal Reserve’s united fight against inflation enters new phase
Analysts are divided ahead of the Fed's next decision in September, with the so-called "hawks" predicting additional rate hikes in...
Economy
Saudi Arabia poised to become global biotech hub with $3.9bn R&D investment
Riyadh, Saudi Arabia - Saudi Arabia has positioned itself as a potential world-leading hub for biotech research, development, and pharmaceutical...
Economy
Most Read
Economy
Bahrain’s RERA revokes real estate firm’s license for ‘breach of regulations’
Manama, Bahrain-- for "exceeding the scope of the permit." The owner had exceeded the scope of the permit which was issued...
- According to RERA, the owner of the real estate firm had violated the scope of the permit issued to him by the authority
- The real estate agency, according to the regulatory authority, had also breached Central Bank of Bahrain's regulations
Economy
Clean cooking to save millions, boost gender equality
He was referring to a new IEA report which suggests that universal clean cooking access could be reached worldwide by...
- Nearly one in three people globally still cook over open fires or basic stoves, causing significant damage to health, living standards, and gender equality
- Air pollution from rudimentary cooking methods causes 3.7 million premature deaths annually, ranking it the third largest cause of premature death globally
Economy
UAE’s digital platform, U.AE, attracts 9.1m visitors in H1
Dubai, UAE-- Around 9.1 million people visited the UAE’s Government Unified Digital Platform, U.AE, from the start of 2023 until...
- The rise in the average number of pages viewed was 3.52%, compared to the same period last year, according to TDRA
- TDRA recently launched the generative AI-supported version of the digital platform, allowing users to obtain government services