WTO conference ends with acceptance of Abu Dhabi Declaration
Abu Dhabi, UAE--The 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) has concluded with the acceptance of Abu...
Economy
WTO talks end with no major win, throwing trade body into ‘crisis’
Speaking at the closing press conference, the Emirati chair of the so-called MC13 gathering, Thani Al Zeyoudi, acknowledged the shortcomings. "Despite...
Economy
Qatar to train cadres from national forces for job market
Qatar's Ministry of Labour has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre (QFC) Authority to train...
- Ministry of Labor will provide national workforce data of male and female candidates to be employed at companies licensed by the QFC Authority.
- The move is aimed at realizing the objectives of Qatar National Vision 2030.
Economy
US and UAE creating jobs of the future: AmCham Abu Dhabi executive
American companies are creating a framework for future jobs, which is a new area of cooperation between the US and...
- AmCham Abu Dhabi is the American Business Group of Abu Dhabi, a member of the global network of American Chambers of Commerce.
- Liz Beneski, Chief Executive Director of AmCham Abu Dhabi, said the UAE is probably the only country in the world that does business with all 50 states of the US.
Business
Iraq stresses balance in energy market ahead of Dec OPEC meeting
Iraq's oil Minister Ihsan Abdul-Jabbar has said that Iraq has worked on a vision that emphasizes the importance of finding...
- Iraq's National Oil Marketing Company says it does not see necessity of any decision on increasing oil production.
- OPEC + has decided to maintain the monthly increase rate of 400,000 barrels in December.
Economy
Iran cracks down on farmers protesting dried-up river
The riverbed has been the rallying spot for farmers and other people from across Isfahan province protesting the lack of...
- Iran deployed riot police in force on Saturday, November 28, in the city of Isfahan as farmers protested the drying up of a river
- The authorities said at least 67 people were arrested as the cops cracked down on the protesters
Economy
UAE legal system gets major revamp
It also covers copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, in addition to laws related to...
- The draft of new laws and legislative amendments came during the "Year of the 50th" and are intended to keep pace with the developmental achievements of the UAE
- The new legislative changes came after intensive coordination at both the local and federal levels
Geostrategy
Riot police deploy after violent demo in Iran
Riot police were deployed in force Saturday in the Iranian city of Isfahan, a day after violent protests over the...
- Security forces fired tear gas during the clashes with stone-throwers in the protest by around 500 people in the bed of the Zayadneh Rood river that crosses the central city
- Drought is a cause, but they also accuse the authorities of diverting water from the city to supply the neighboring province of Yazd
Economy
Abu Dhabi gives out $2.72bn in housing loans and plots
Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased...
- The housing package, worth a total of $2.72 billion, benefited 10,032 citizens in the Emirate of Abu Dhabi
- The announcement coincides with the UAE's celebrations of 50th National Day, and reflects the leadership’s commitment to ensuring social stability, enhancing living standards
Geostrategy
UAE says 100% of population received one Covid jab
The entire population of the UAE has received at least one dose of a vaccine against Covid-19. The country has...
- According to the UAE health ministry, a total of 21,802,032 doses of vaccine have been administered
- One hundred percent (of the population) have received one dose, while 90.18 percent are fully vaccinated
Economy
Iran, Turkmenistan, Kazakhstan sign MoU on railway cooperation
The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states.
- The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states
- The MoU stipulates that a joint working group be formed to oversee the growth of cargo passing through the transit route
Economy
Iran-ECO trade grows over 48% in 7 months year on year
The volume of trade with the ECO countries - Turkey, Afghanistan, the Republic of Azerbaijan, Kyrgyzstan, Kazakhstan, Pakistan, Tajikistan, Turkmenistan,...
- Major Iranian export destinations were Turkey ($3.397 billion), Afghanistan ($1.125 billion), Pakistan ($655.154 million), and Azerbaijan ($272.958 million)
- Iran’s export to ECO members increased by 58 percent and 60 percent compared to the figures for the previous year in terms of weight and value, respectively
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WTO conference ends with acceptance of Abu Dhabi Declaration
Abu Dhabi, UAE--The 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) has concluded with the acceptance of Abu...
Economy
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SCA and UBF sign MoU to strengthen UAE’s asset management industry
Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) has signed a memorandum of understanding (MoU) with the UAE Banks Federation...
Economy
Bahrain secures 9th spot in survey for best expat destinations in world
Manama, Bahrain--Bahrain has climbed up to ninth position in the top destinations in the world for expatriates, according to report...
Economy
Jordan and Japan review economic, strategic relationship
Amman, Jordan-- Jordan and Japan have discussed ways to boost economic cooperation and further strengthen strategic ties between the two...
Economy
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Economy
GCC, API sign MoU to establish framework for cooperation
Riyadh, Saudi Arabia-- Seeking to establish a broad framework for cooperation in several areas, the GCC and the Arab Planning...
- The MoU is expected to contribute to the development of the local working force in the GCC through cooperation in several areas
- GCC secretary general applauded API for supporting Arab organizations and institutions in all their forms with projects and ideas
Business
Most world stock markets advance as US inflation data looms
London, United Kingdom - World stock markets mostly rose Wednesday as investors jockeyed for position before key US inflation data. London...
- London equities climbed after the Bank of England announced that all major UK retail lenders passed stress tests to assess their resilience to economic shocks.
- Frankfurt and Paris also advanced before the week's main event, the US consumer price index, which forecasts suggest will show a further softening.
Business
Broadcom to acquire VMware after EU okays deal
BRUSSELS, BELGIUM- The European Commission approved US chipmaker Broadcom's planned $61 billion takeover of cloud computing firm VMware on Wednesday, conditional...
- The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain.
- As a remedy, Broadcom offered interoperability commitments to rival Marvell Technology and any other potential competition.