High inflation leaves Nigeria struggling ahead of Ramadan
Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...
Geostrategy
Qatar and Estonia sign agreement to avoid double taxation
Doha, Qatar--Qatar and Estonia have signed an agreement to avoid double taxation and prevent income tax evasion. The agreement was...
Economy
Economy
UAE cabinet endorses labor and industrial laws
Chaired by Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and Vice President, Prime Minister of the UAE, the...
- The Cabinet approved as well, a decision to establish the Executive Office for Control and Non-Proliferation
- The cabinet also approved the executive regulations of the Federal Law regarding the regulation and protection of industrial property rights
Business
Bahraini imports increase by 18 percent in Q4 2021
The value of Bahraini imports increased by 18 percent in the fourth quarter of 2021, reaching BD1.406 billion, the Information...
- The top 10 countries accounted for 71 percent of the value of imports, with the remaining countries accounting for 29 percent, Bahraini media reports said.
- The value of exports of national origin increased by 99 percent to BD1.192 billion during the fourth quarter of 2021.
Economy
Jordan Dana Reserve featured on NY Times’ 2022 travel wish-list
The newspaper highlighted the Dana Reserve as a site worth visiting, which combines a deeply rooted history, unique environmental components...
- The newspaper highlighted the Dana Reserve as a site worth visiting, which combines a deeply rooted history, unique environmental components and breathtaking natural beauty
- The Dana Biosphere Reserve is the first national reserve to be listed on the United Nations Educational, Cultural and Scientific Organization's Man and the Biosphere Program
Economy
Bitcoin mining for all
Block is building a system to mine bitcoin.
- Block changed its name from Square late last year to denote a broader mission that includes blockchain and economic empowerment
- Hardware and software teams at Block will openly collaborate with the cryptocurrency community outside the San Francisco-based company
Economy
Climate change worsening toll on outdoor workers: Study
Researchers in the United States, who estimated the current cost at $2.1 trillion every year, said the effects of stifling...
- The researchers looked at data on humid heat — particularly dangerous because the body is less able to cool down by sweating
- The study, published in the journal Environmental Research Letters, said around 677 billion work hours are lost a year to humid heat
Business
Mineral resources key to supporting Saudi economy: Investment Minister
Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz Al-Falih said that the mineral resources sector is among the most important...
- General program for Geological Survey results in issuing 75 new exploration licenses after the launch of the new Mining Investment Bylaw in January 2021.
- Estimations put the value of mineral resources in the Kingdom of Saudi Arabia at $ 1.3 trillion.
Economy
EU expects more GCC investors for its special program: Official
On 12th October 2021, the European Commission issued its first-ever NextGenerationEU green bond
- The program is a temporary recovery instrument to help Europe repair the immediate economic and social damage brought about by COVID-19.
- Since June 2021, the European Commission has rolled out five issuances and raised around €71 billion in long-term EU-Bonds, and short-term EU-Bills
Economy
Inflation second on external concern list, worry global CEOs
As prices have surged, inflation has soared as a worry for global executives, overtaking concerns about Covid-19 disruptions in some...
- More than half, or 55 percent, of the group expect to see price pressures through mid-2023 or beyond, said the survey by the Conference Board of some 1,600 global CEOs.
- Inflation ranked as the top concern among European CEOs, but fourth in China and outside the top 10 in Japan.
Geostrategy
Iranian teachers demonstrate in several cities against pension reforms
Hundreds of teachers on Thursday rallied in several Iranian cities to denounce the slow implementation of salary and pension reforms,...
- In Gilan province on the Caspian Sea coast, around 150 teachers marched in the city of Rasht, while another 70 did so in Lahijan, the state broadcaster reported.
- The protesters are demanding that the government move more quickly on a planned grading system for teachers based on experience and performance.
Economy
UN: $3.9 billion needed for help in war-torn Yemen
The biggest constraint right is funding to help some 16 million people, a top UN humanitarian official told the UNSC.
- The biggest constraint right is funding to help some 16 million people, a top UN humanitarian official told the UNSC
- He added that funding has been decreasing in recent years, with last year's response plan only funded at 58 percent
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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
High inflation leaves Nigeria struggling ahead of Ramadan
Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...
Geostrategy
Company News
Latest News
Stock markets advance on US debt, elections
Market Report
Erdogan’s visit a game-changer for Turkish-Gulf ties
For the wealthy Gulf states, combining their resources with Turkiye's defense and industrial achievements will produce lasting benefits not only...
Opinion
Travel companies give wings to Saudi tourism aspirations
Fueling this ambition is an intricate web of travel companies, including tour operators, airlines, accommodation providers, cruise lines, and destination...
Economy
Most Read
Geostrategy
US, Arab League discuss Middle East, Israeli-Palestinian conflict
The US-Arab Strategic Dialogue discussed Middle East peace and the Israeli- Palestinian conflict, among other issues. The dialogue concluded successfully...
- US-Arab League discussed reducing tensions in regional conflicts, climate change and health security.
- The US condemned the attack on the Swedish Embassy in Baghdad and urged the Iraqi government to protect foreign missions.
Business
Volvo Cars Q2 net profit $342m
Firm in profit despite high inflation, rising interest rates.
- Volvo Cars reported a 25 percent increase in retail sales, with 178,800 units sold in the second quarter.
- Central banks have been raising interest rates in efforts to cool consumer price increases.
Economy
Egypt to resume exports of LNG by October: Tarek El Molla
Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum...
- Egypt uses the gas at home during summer months when the temperatures are high, but in winter months it has excess levels of gas available for export
- El Molla said that summer exports surged last year because the government switched from using natural gas in power stations to mazut fuel oil