Qatar real estate trading volume amounts to US$382m in February 2024
DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at...
Business
Ajman eyes endowment-driven growth, social solidarity
"Reports with statistics on the number, types, values, and uses of endowments enable us to make appropriate decisions regarding endowment...
Economy
Business
Mumzworld CEO says committed to supporting Mideast businesswomen
Mumzworld has over 350 staff, with over 6,000 brands and more than 300,000 products for sale on the website, and...
- Mumzworld was built in 2011 to support women in the Arab world and help them to make informed decisions for their families.
- Ataya told that she would use her new role as a mentor, and sharing the knowledge, skills, and successes with other women.
Economy
Kuwait to increase crude output by 27,000 barrels per day from Feb 1
Kuwait will increase its crude production by 27,000 barrels per day (bpd) to 2.6 million bpd from 1 Feb. 2022...
- With the fresh raise, which is in compliance with OPEC decisions, Kuwait's total production will reach 2.6 million bpd.
- OPEC+ has decided to proceed with a production hike of 400,000 bpd, keeping their current policy of slight monthly increases in output.
Economy
USAID to fund surface water usage project in Jordan
Water loss reduction projects can also boost water reserves, upgrade water facilities in the Jordan Valley and maintain water and...
- Water loss reduction projects can also boost water reserves, upgrade water facilities in the Jordan Valley and maintain water and irrigation infrastructure
- Jordan water ministry said it is committed to supporting farmers and providing them with all capabilities to maximize the national agriculture output
Economy
Lebanon currency falls further as leadership placates Saudi Arabia
The midmarket rate for the Lebanese pound is around 1,500 to the dollar, but the reality on the ground is...
- The local currency is now trading at more than 30,000 to the dollar in the black market
- It has lost more than 95 percent of its purchase power since end-2019 as the economy sags
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.
Qatar real estate trading volume amounts to US$382m in February 2024
DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at...
Business
Company News
Latest News
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
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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