UAE ministry of defense, Masdar to set up solar plants in Abu Dhabi
Abu Dhabi, UAE--The UAE Ministry of Defence and Masdar have signed an agreement to develop multi-solar plants across Abu Dhabi....
Economy
Qatar Central Bank head calls for enhanced GCC action to tackle challenges
Doha, Qatar--Governor of Qatar Central Bank Sheikh Bandar bin Mohammed bin Saoud Al-Thani has called for strengthening joint action among...
Economy
Economy
Jordan to set up US$80m industrial support fund
Jordanian Minister of Industry, Trade and Supply Youssef Shamali noted that industrial production inputs will continue to be exempt from...
- Jordanian Minister of Industry, Trade and Supply Youssef Shamali noted that industrial production inputs will continue to be exempt from any customs duties
- He said that the Jordan Enterprise Development Corporation (JEDCO) will continue to support the industrial sector by covering part of shipping costs
Economy
Moroccan tour operators protest pandemic restrictions
About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders.
- About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders
- Morocco suspended all passenger flights from November 29 until January 31 as a result of rising infections of the Omicron variant worldwide
Economy
Jordan plans to improve energy efficiency in several sectors, says Minister
The minister also highlighted the Renewable Energy and Energy Efficiency Law, issued for this purpose, along with the terms and...
- The minister Kharabsheh emphasized the need of spreading national awareness by encouraging energy efficiency in the building sector
- During a meeting with the Plan’s work team, Kharabsheh said that the ministry is preparing the third National Energy Efficiency Plan
Business
Expo opportunity to boost Sri Lanka’s tourism: Minister
Foreign Minister of Sri Lanka Gamini Lakshman Peiris said that Expo 2020 Dubai is a great opportunity and a world-class...
- Sri Lankan Ministry of Tourism says 104,000 people visited the country between Jan and Feb 2021 with Indian tourists accounting for 32.1 percent.
- The presence of nearly 300,000 Sri Lankan citizens in the UAE helps enhance the bilateral ties between the two countries, the minister said.
Business
Construction of DP World port in Senegal begins with laying of first stone
President of Senegal Macky Sall on Tuesday laid the foundation stone for the construction of a port that will be...
- The investment of more than $1.13 billion in two phases to develop Port Ndayane is DP World’s largest port investment in Africa to date.
- Phase 1 of the development of the port will include a container terminal with 840m of the quay and a new 5-kilometer marine channel.
Opinion
Five top crypto trends to watch out for in 2022
In 2021, the total market capitalization for the crypto market increased from around $800bn to $2.2trn. The year also witnessed...
- Non-fungible tokens, known as NFTs have been the crypto trend of the year.
- The highly anticipated update of the second-largest cryptocurrency Ethereum is expected to go live in Q1 or Q2 named ETH 2.0.
Economy
Iraq highlights prominent investment opportunities
Iraqi's granting facilities to investors including regulations in completing transactions and eliminating corruption and providing safe environment renewed many hope...
- Recent moves of Iraqi government aim at provide large projects to create job opportunities and services in the country
- A number of measures must be taken as investment in Iraq does not meet the required level, says specialists
Geostrategy
Lebanon distances itself from Hezbollah remarks on Saudi Arabia
Prime Minister Najib Mikati has said the Hezbollah allegations do not reflect the official position of Lebanon.
- Hezbollah Secretary-General Sayyed Hassan Nasrallah accused Saudi Arabia of terrorism
- This is the second time in months that Lebanon has had to attempt to shield itself from Saudi ire
Expo 2020 DUBAI
Expo 2020 hits halfway mark, records nearly 9 million visitors
Expo 2020, the world's biggest event since the pandemic, has passed the halfway mark, recording nearly nine million visitors so...
- From October to December 2021, Expo hosted a total of 8,902 government leaders, including ministers, presidents, prime ministers and heads of state.
- almost one-third (30 percent) of all visitors came from outside the UAE, with the top international visitor countries including India, Germany, France and the UK.
Infographics
Who tops inflation list of 10 Mideast countries?
Over time, inflation has come to be defined as how much a currency has lost value over a specific period.
- The two indicators often used to quantify the rate of inflation are Consumer Price Index (CPI) and Wholesale Price Index (WPI)
- However, CPI — the average change in prices over time that people pay for a selection of goods and services — is more commonly used
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UAE ministry of defense, Masdar to set up solar plants in Abu Dhabi
Abu Dhabi, UAE--The UAE Ministry of Defence and Masdar have signed an agreement to develop multi-solar plants across Abu Dhabi....
Economy
Company News
Latest News
RAK Ceramics’ profit soars in Q1
Business
Sharjah Chamber, Costa Rica discuss boosting economic ties
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and Costa Rica have discussed ways to advance bilateral economic relations....
Economy
Dar Al Arkan issues sukuk of $600m
issuance is the ninth tranche Sukuk program in US dollars.
Business
Turkish President Erdogan concludes economy-driven Gulf tour in UAE
The Comprehensive Economic Partnership Agreement (CEPA), signed in March, has further enhanced bilateral economic collaboration. The CEPA sets the stage...
Economy
Most Read
Economy
Bahrain records 2% jump in GDP on back of expansion in Q1 in non-oil sector
Manama, Bahrain--Bahrain has recorded a two percent rise in gross domestic product in the first quarter of 2023, driven by...
- The country's economic recovery plan aims to boost growth, attract investments and create job opportunities
- Its real estate, hotels, restaurants and trade all grew between 4.2 percent and 5.3 percent during the quarter
Economy
Iran looks to Arab states to propel its lackluster tourism sector
Avoided by western tourists, Iran is turning to wealthy Arab states and other nearby countries to bolster its sanctions-hit economy....
- Visitors at ancient Iranian sites can be heard speaking Arabic, Chinese and Russian and not English, French or German
- With its ancient splendors like the cities of Shiraz, Isfahan and Mashhad, Iran has attracted visitors from far and wide
Economy
Dubai Chambers to host two-day event in November on global trade
Dubai, UAE-- Seeking to forge partnerships around the world, Dubai Chambers will host a two-day event in November this year...
- The two-day event running under the theme of "Shifting Economic Power" Dubai and the future of global trade" will be held at Madinat Jumeirah
- The occasion will see leaders from sectors as diverse as technology, retail, finance, travel and hospitality, real estate, and healthcare