WTO convenes ministers in UAE with slim hopes for breakthrough
The World Trade Organization's 13th ministerial conference (MC13), scheduled to run until Thursday in Abu Dhabi, the capital of the...
Economy
Business
AD Ports Group to develop multipurpose terminal at Egypt’s Safaga Port
A multipurpose terminal in Safaga Port of Egypt will be developed and operated by AD Ports Group. Under an MoU...
- AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation.
- Under the pact, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to the project.
Economy
Dubai non-oil economy surges to two-year high in October
Dubai's non-oil economy continued to grow in October, courtesy of a sharp rebound in new orders and increased tourism activity...
- A sharp rebound in orders and Expo boost raise Purchasing Manager's Index.
- Despite the growth of businesses, job hiring remained marginal. Overall expectations of firms at their highest since March 2020.
Economy
Saudi Arabia’s real GDP grows by 6.8 percent in Q3 on rising global oil demand
Saudi Arabia's GDP has risen by 6.8 percent in the third quarter of 2021 compared to Q3 2020, according to...
- The growth attributed to an increase in oil activities by 9 percent due to the rising global demand for crude oil.
- Non-oil activities increased by 6.2 percent and government activities increased by 2.7 percent year-on-year.
Economy
UAE economy has passed recovery phase, on to growth path: Minister
According to the central bank's second-quarter review, the UAE economy is expected to grow 2,1% this year due to pandemic-mitigation...
- According to the central bank's second-quarter review, the UAE economy is expected to grow 2,1% this year due to pandemic-mitigation measures
- In 2022, the economy is predicted to grow by 4.2 percent, higher than the previous forecast of 3.8 percent
Business
39% of Sub-Saharan Africa firms lack anti-bribery controls: survey
The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.
- The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA
- More than 23 percent of the organisations have fallen victim to bribery and corruption over the past five years
Economy
Slow steps for Palestinian economic recovery: World Bank
The lack of progress towards peace and reconciliation and Covid-19 caused an unsustainable economic situation in the Palestinian territories.
- Palestine's economic growth is expected to reach 6 percent by the end of this year
- Poverty rate in Palestine has risen to 59 percent from 43 percent
Interview
Where do Arab countries stand on fintech?
Financial technology, or fintech, automates and improves the delivery of financial services.
- Making technology an essential subject in educational curricula in schools is important to advance fintech in Arab countries
- Arab Bank and the National Bank of Kuwait have the best technologies in fintech and online banking
Economy
RAK Finance Deptt signs Joint Strategic Charter with counterparts in other emirates
The charter aims to significantly enhance institutional and financial performance by setting frameworks for cooperation and boosting financial and institutional...
- The charter aims to significantly enhance institutional and financial performance by setting frameworks for cooperation and boosting financial and institutional performance
- The charter will strengthen mechanisms for monitoring trends in the development of financial performance by designing a unified scorecard to track a set of indicators and standards
Economy
Dubai’s transport infrastructure projects saved AED220 billion: RTA
This was revealed by the Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA)...
- In contrast, the total investment in the improvement of roads and transport was AED140 billion
- The UAE has been ranked No. 1 in Road Quality Worldwide for 5 years in a row
Geostrategy
Iran, Oman discuss ways to promote private sector and medical tourism
Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well...
- The talks were held on the sidelines of the 5th International Conference on Health in Islamic Countries, in Tehran.
- Iran-Oman Virtual Expo launched in late September by the Iran-Oman Joint Chamber of Commerce 'has been well received'.
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
Company News
Latest News
FAO says world cereal production to reach record high in 2023-24
ROME, ITALY - World cereal production is predicted to hit a record high in 2023-24, according to the latest Cereal...
Business
‘Greenhouse gas emissions from agriculture likely to rise by 7.5% in next decade’
PARIS, FRANCE - Greenhouse gas emissions from agriculture are expected to increase by 7.5 percent in the next decade, said...
Economy
At G20 meeting, UAE urges world to collaborate in scientific research
Mumbai, India--The UAE’s Minister of State for Public Education and Advanced Technology Sarah Al Amiri has urged the global community...
Economy
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Economy
DEWA exhorts customers to adhere to its safety standards
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has exhorted community members to ensure that safety standards are always in place...
- To improve the efficiency of electricity and water consumption in the emirate, DEWA has ruged customers to follow its tips and guidelines
- Customers should switch off lights, use a timer for any floodlights in gardens and fences and shut off the water supply, recommends DEWA
Economy
Office segment demand drives Saudi Arabia’s real estate boom
"The office sector shines brightest in the real estate market. Saudi Arabia's rapid economic growth drives the demand," Faisal Durrani,...
- Prime rents in Riyadh have risen by 19 percent in the last year, while in Jeddah, they have risen by about 9 percent
- The main demand centers for office space in the kingdom are Riyadh and Jeddah, and Dammam Metropolitan Area
Economy
Abu Dhabi frames new grazing regulations to protect rangelands
Abu Dhabi, UAE-- In order to protect natural rangelands and promote sustainable traditional grazing practices, the Environment Agency – Abu...
- The introduction of the new policy by the agency will ensure the recovery of vegetation cover and promote the sustainability of biodiversity
- The new regulation mandates that licensees should stay away at least 2km from protected areas, forests, residential, military and private areas