Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...
Business
Gold hovers near a month high on slowing US inflation
ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...
Business
Economy
Iraqi PM’s advisor outlines measures to sustain growth
The financial advisor to Iraqi Prime Minister, Madher Muhammad Salih, has stressed the need for beginning a set of measures...
- "What matters today is the accelerated growth in the energy sector, whose contribution to the to GDP constitutes approximately 45%"
- "the growth rate in the gross domestic product exceed the growth rate of the population, which is a positive indicator towards the welfare of society"
Economy
Turkey lira crashes to new record low against dollar
The Turkish lira plunged to record lows against the dollar on Tuesday after President Recep Tayyip Erdogan said policymakers have...
- The currency fell by 13 percent to almost 13 lira against the dollar
- Turkey is facing the worst currency crisis since August 2018 when the value of the lira hit historic lows
Economy
The broken dreams of desperate migrants fleeing Africa for Saudi
Tens of thousands of migrants are stuck in Yemen, unable to pay for a return trip, held hostage by smugglers...
- Tens of thousands of migrants are stuck in Yemen, unable to pay for a return trip, held hostage by smugglers or detained by local authorities
- Movement along the Eastern Route is picking up again after slowing in 2020, when borders closed because of the coronavirus pandemic
Economy
Returned migrants still long for way out of Iraq
Around 400 Iraqi migrants have returned home after spending three weeks in freezing forest of Belarus, deep in debt but...
- The West accuses Belarus of taking migrants to the borders with EU members Poland and Lithuania with promises of easy crossing
- Belarus has denied the claim and criticized the EU for not taking in the migrants
Economy
Qatar, Poland to enhance cooperation: Polish Deputy Foreign Minister
Deputy Foreign Minister Pawel Jablonski of Poland said on Monday that Poland and Qatar can increase their cooperation in many...
- Jablonski said that his current visit to Doha aims to discuss new opportunities to support and advance economic, investment and tourism cooperation
- He also discussed with Qatari officials ways to enhance cooperation with the Qatar-Poland Business Council, the Qatar Financial Center, the Qatar Free Zones Authority
Business
Companies in UAE should invest in technology to stay ahead of digital curve: Microsoft Hololens chief
With the current global circumstances accelerating the need for immersive tools such as augmented reality and virtual reality, businesses across...
- Pace said that collaboration and investment were key to empowering businesses
- She works with a team in San Francisco, US, to address technical challenges to push the barriers and unlock solution
Economy
Iran says hopes for ‘constructive’ visit by IAEA chief
The landmark nuclear deal was torpedoed in 2018 by then US president Donald Trump's unilateral decision to withdraw Washington from...
- "We hope that Rafael Grossi's visit will be as constructive as the previous ones," foreign ministry spokesman Saeed Khatibzadeh told reporters.
- On Friday, the IAEA said Tehran had again increased its stockpile of highly enriched uranium, many times in excess of the limit laid down in the 2015 agreement.
Economy
Dubai International Financial Centre Courts first fully digital court in emirate
The Dubai International Financial Centre (DIFC) Courts said on Monday that all its internal processes and customer-facing services were now...
- The Courts had accelerated the integration of all services into its digital infrastructure following the launch of Dubai Paperless Strategy in 2018.
- In May 2021, the DIFC Courts became Dubai’s first fully paperless entity by acquiring the qualified electronic seal solution Ethaq.
Economy
El Salvador to build ‘Bitcoin City’ at the base of a volcano
The city will be built near the Conchagua volcano to harness geothermal energy to power the city and Bitcoin mining.
- The city will be built near the Conchagua volcano to harness geothermal energy to power the city and Bitcoin mining
- Land and infrastructure will be provided by the government, as well as efforts to attract investors
Economy
Jordanian tourism income up 61.2% in first ten months of 2021
On a monthly level, the tourism revenues during October of 2021 rose by $302 million, reaching $352 million, compared with...
- The data showed that the growth in revenue was mainly driven by a 59.7 percent rise in the number of tourists
- Non-resident Jordanians accounted for 44.6 percent of the total tourism income. followed by Arab countries (excluding Gulf countries) with 27 percent
Most Read
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
Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...
Business
Company News
Latest News
Airbus Q1 net profit at $514m
Business
EITC posts Q1 revenue at $936m
Business
Agthia Group launches Agthia Ventures
New firm is a $54 million corporate venture capital fund.
Business
Dubai Chambers launches program to enhance customer service
DUBAI, UAE – Dubai Chambers is taking a big initiative for ensuring that businesses in the emirate provide excellent customer...
Business
Most Read
Business
ROSHN inks MoU with Expro to develop real estate in Saudi Arabia
Riyadh, Saudi Arabia--ROSHN, the Saudi real estate developer, has signed a memorandum of understanding (MoU) with the Expenditure and Project Efficiency...
- The partnership between the two will increase the sustainability of the PIF-backed giga project and also ramp up its activities
- The cooperation with leading groups in the nonprofit sector is designed to lift up the quality of life for the underprivileged families
Economy
UK reform of Consumer Credit Act to benefit Islamic finance
London, Britain - The UK government has announced plans to reform the Consumer Credit Act (CCA) which is expected to...
- The CCA, established in 1974, regulates various credit transactions, including Islamic finance products, such as credit card purchases, personal loans, and consumer hire agreements
- The proposed reforms, combined with organic development and the utilization of FinTech solutions, will further support the expansion of Islamic finance in the country
Economy
Egypt to receive first batch of Iranian tourists in era of restored ties
Tehran, Iran-- After years of frosty relations between the two countries, Egypt and Iran are set to restore ties with...
- According to the Egypitan tourism minister, Iranian tourists will arrive in the country and visit southern coasts of Sinai, Nubia and Taba
- Haitham bin Tariq, the Sultan of Oman, played a pivotal role as a mediator in ending years of enmity between Egypt and Iran