Unit 4 of UAE’s Barakah Nuclear Energy Plant commissioned
Abu Dhabi, UAE - The Emirates Nuclear Energy Corporation (ENEC) on Friday announced that its operating and maintenance subsidiary, Nawah...
Economy
Masdar completes acquisition of 49% stake in Dogger Bank South project
Abu Dhabi, UAE--Masdar, the UAE’s clean energy powerhouse, has completed its acquisition of a 49 percent shareholding in the 3...
Economy
Economy
Imports imperil Jordanian makers of handcrafted shoes
According to the country's Shoe Manufacturers Association, there used to be over 250 shoe workshops and factories in Jordan, employing...
- According to the country's Shoe Manufacturers Association, there used to be over 250 shoe workshops and factories in Jordan, employing about 5,000 people
- The country has now around 100 workshops and less than 500 workers, according to Naser Theyabat, head of the association
Analysis
Energy prices may come down early next year
Consumption of natural gas rebounded fast — driven by industrial production — boosting demand at a time when supplies were...
- International energy prices will revert to more normal levels early next year when heating demand ebbs and supplies adjust, the IMF has said
- However, it has also warned that “if prices stay high as they have been, this could begin to be a drag on global growth”
Economy
UAE commits to lead disruptive growth of key industrial sectors at GMIS2021
GMIS2021 will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions...
- The summit will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions from November 22-27.
- The discussions at the summit will explore how data and connectivity are becoming the leading factors
Economy
France wants ‘new economic cooperation’ with UAE: French minister
Le Maire said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change.
- Le Maire is on a two-day visit to the UAE to hold several high profile bilateral meetings with UAE officials
- The minister said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change
Videos
Economic growth of Arab countries this year
This week’s TRENDS Explainer Video highlights how economic growth looks like in the Arab countries this year as per the...
- Middle Eastern countries responded to the pandemic with swift and stringent measures to mitigate its spread and impact. However, most of them continued to face an uncertain future
- Containing the health crisis, cushioning income losses, and expanding social spending had become immediate priorities. Most of the Arab governments, however, managed it well
Geostrategy
EU, GCC begin new era in relations
However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and...
- Kuwait has emerged as a major global humanitarian player and a significant mediator to sort out inter-Gulf differences
- This has contributed to the re-evaluation by European Union leaders of their policies towards the Gulf region
Economy
Jordan, IMF reach staff-level pact on 3rd review under EFF
The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third...
- The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third review of the economic reform programme
- The Jordanian finance minister Al-Ississ stressed that the main issue for the government is to reduce unemployment rates and create job opportunities
Economy
Iranians protest against water crisis caused by dried-up river
"Thousands of people from Isfahan, farmers from the east and west of the province, have gathered in the dry Zayandeh...
- The massive protest was the biggest since demonstrations over the water crisis started on November 9
- The Iranian government has promised to come to the aid of farmers and resolve the crisis
Market Report
Dubai Index surges 80 percent, Saudi losses continue
Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs...
- As of Thursday, Abu Dhabi's main index increased by 0.1 percent, aided by a 2.4 percent increase in Alpha Abu Dhabi Holding.
- Saudi index lost for the third consecutive week and Abu Dhabi was largely stable.
Economy
UN warns high shipping cost to spike global inflation by 1.5%
The UN Conference on Trade and Development (UNCTAD) has warned that the rising shipping prices could spike global inflation by...
- The current price to ship a 40-foot container unit from China to the US is now 348 percent higher than the pre-pandemic average
- The UN calculates that a global drive to vaccinate people against coronavirus can go a long way to ameliorate the current shipping crisis
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
Unit 4 of UAE’s Barakah Nuclear Energy Plant commissioned
Abu Dhabi, UAE - The Emirates Nuclear Energy Corporation (ENEC) on Friday announced that its operating and maintenance subsidiary, Nawah...
Economy
Company News
Airbus Q1 net profit at $514m
Business
EITC posts Q1 revenue at $936m
Business
Latest News
258m people require food aid, says UN report
Geostrategy
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...
Business
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...
Economy
Most Read
Economy
Iraq to pay for Iranian gas imports with oil: Iraqi PM
The Iraqi prime minister said the decision to pay for Iranian gas imports with oil corresponds with the mechanism agreed...
- Iran cut its supply of gas to Iraq by nearly half some ten days back because of unpaid bills of more than $12 billion
- Gas stoppages have worsened the frequent power outages in much of Iraq during the hot summer months
Economy
UAE signs air transport services agreement with Austria to boost trade
Vienna, Austria-- Looking to ramp up trade and business relations, the United Arab Emirates has signed an air transport services...
- UAE's ambassador to Austria said that the signing of the agreement will enhance relations, creating new opportunities for trade between the two countries
- The Austrian official said the agreement will benefit transport companies in both countries and support the tourism sector, apart from boosting trade
Economy
E-visas to drive tourism’s GDP share to 10%
Saudi Arabia is leveraging digital solutions to streamline travel, link tourists with local enterprises through apps, and enhance experiences via...
- The move has simplified and streamlined the processes for obtaining a tourist visa, making it easier for visitors to travel to the Kingdom
- Tourists can apply for the 90-day e-visa through an online portal which is an easy, accessible process with quick visa turnaround times