Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn
AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...
Business
Dubai’s assets in endowment sector reaches US$2.8bn
DUBAI, UAE – Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that under the guidance of Vice...
Geostrategy
Economy
Libya conference seeks investment in country’s south, the gateway to Africa
The conference was held under the patronage of the Chamber of Commerce, Industry and Agriculture in Obari with Arab and...
- The conference was held under the patronage of the Chamber of Commerce, Industry and Agriculture in Obari with Arab and international participation
- The participants sought investments in renewable energies, mining, agriculture, tourism, real estate investment, infrastructure and free zones
Economy
Germany gives €21 million to support Palestinian refugees
Germany will provide €15 million to ensure that 50,000 Palestinian refugee children in Gaza and 46,000 in the West Bank...
- Germany will provide €15 million to ensure that 50,000 Palestinian refugee children in Gaza and 46,000 in the West Bank have continued access to learning in UNRWA schools
- The country will also support the early recovery of Palestine refugees in Gaza affected by the latest Israeli aggression through a €6 million contribution
Economy
S&P lowers Turkey outlook to negative, citing ‘rising risks’
Turkey's annual inflation has surged above 20 percent to its highest level in three years after President Recep Tayyip Erdogan...
- The move was part of Erdogan's strategy to revive his sagging approval numbers ahead of an election due by 2023
- In justifying its outlook downgrade, S&P pointed to both price increases and the lira currency's loss in value as risks
Business
UAE elected to Council of International Maritime Organization for third time
The UAE has been re-elected to the Council of the International Maritime Organisation (IMO) in the Category B membership for...
- The results of the election were announced during the 32nd session of the IMO Assembly in London.
- UAE ranks fifth as a key competitive maritime hub and 13th globally in Port Performance and Efficiency Index.
Business
Global Business Forum ASEAN ends, records 1,368 participants
A total of 1,368 delegates from 58 countries – including 250 virtual participants – attended the first edition of the...
- GBF ASEAN was held 8-9 December and organized by Dubai Chamber in partnership with Expo 2020 Dubai under the theme ‘The New Frontiers’.
- The Forum is part of Dubai Chamber’s flagship Global Business Forum series, which was launched in 2013 to explore economic opportunities in Latin America and Africa.
Economy
Iran plans to double exports to neighboring countries in four years
Iran plans to double exports to regional countries within the four-year term of President Ebrahim Raisi, though the target is...
- The target is achievable even within the next two years and a half, said Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari.
- Iran’s exports to Uzbekistan have grown from $120 million to $500 million during the past two months
Economy
Stocks dip in Asia ahead of US inflation figures
Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing...
- Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing higher last month
- And next week's Federal Reserve meeting might offer clues as to the pace of tapering and interest rate increases
Economy
Sweden to support Gaza early recovery program through UNDP
The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population.
- The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population
- The program will also prioritize women-headed households and persons with disabilities and provide them with cash assistance to address their accommodation needs
Business
Saudi Arabia, Bahrain review ways to boost ties
The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.
- The two sides agreed to enhance cooperation on international climate policies
- They will also look to focus on emissions rather than sources through the application of the Circular Carbon Economy approach
Economy
Lebanon currency nosedives after central bank move
Some observers predict the Lebanese pound could drop to a rate of 40,000 against the dollar or worse in the...
- Depositors will now be allowed to withdraw limited amounts of their dollar deposits in Lebanese pounds at double the previous rate
- Black market value of the pound has started slipping back towards last month's record of 25,700 to the dollar
Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn
AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...
Business
Company News
Carrefour now opens in Israel
Business
Fertiglobe Q1 net profit $135m
Business
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Aramco Q1 earnings take a hit
Business
War-scarred Sudan refugees face soaring rent prices in Cairo
As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting...
Geostrategy
GCC, Japan resume Free Trade Agreement negotiations
Jeddah, Saudi Arabia--Looking to consolidate trade and investment ties, the Gulf Cooperation Council (GCC) and Japan announced their resumption of...
Economy
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Geostrategy
Tunisia and EU sign ‘strategic’ deal on economy, migration
The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been...
- European Commission President Ursula von der Leyen said Sunday's accord aims to "invest in shared prosperity"
- The International Organization for Migration has said 2,406 migrants died or disappeared in the Mediterranean in 2022
Economy
Commercial transport sector added $4.38bn to Dubai economy, says RTA
DUBAI, UAE - Commercial transport sector contributed AED16.1 billion ($4.38bn) to Dubai's economy in 2022, said Mattar Al Tayer, Director-General,...
- The commercial transport activities sector has experienced consistent economic growth over the last two years fueled by e-commerce, said an official
- The number of registered commercial vehicles operated by these companies exceeds 300,000, reflecting a 16 percent growth rate compared to 2021, he noted
Geostrategy
Israeli court orders government to release seized Palestinian boat
GAZA CITY, PALESTINIAN TERRITORIES - Israel returned a boat to a Gaza fisherman it had seized for allegedly breaching the limits...
- Israeli authorities had called for the vessel, belonging to fisherman Mohammad al-Hissi, to be permanently confiscated.
- However, a Haifa court last month ordered that the boat be returned to Hissi even as legal proceedings continued.