WTO ministers struggle to forge deals as talks go into overtime
ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
Geostrategy
Abu Dhabi sees 67% annual rise in number of AI company registrations
Abu Dhabi, UAE - The number of AI companies registered in Abu Dhabi grew at a compound annual rate of...
Economy
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'.
Business
Q3 real estate transactions worth $1.55 billion recorded in Sharjah
Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase...
- A total of 1,662 sales transactions were recorded during Q3 2021, showing an increase of 52.5 percent compared to the same period last year.
- About 76 percent (1,262) of the sales transactions were made in the residential sector, followed by industrial sector (206), commercial (152) and agricultural (42).
Business
Etihad Rail completes construction of UAE network’s first marine bridge
Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The...
- The bridge will play an important role in improving the transportation of goods in the region.
- Etihad Rail recently completed construction works for Package A of Stage Two, which extends over 139 km.
Science
Climate change will crush world’s poorest economies, says study
Countries with poor economies will face severe consequences of climate change caused by the rich nations.
- According to the study, 65 most vulnerable nations will see GDP drop 20 percent on average by 2050
- Eight of the top 10 most affected countries are in Africa, while two others are in South America
Economy
Abu Dhabi Chamber discusses partnerships with Azerbaijan official
Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.
- Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries
- The countries will explore opportunities, especially in artificial intelligence, e-trade and food security as well as the fourth industrial revolution
Infographics
Here’s how much Lebanon depends on GCC
The economy of Lebanon is in crisis. Here’s a look at which countries it depends on for trade and aid,...
- Lebanon has been asking its neighbors in general and GCC countries in particular for help to bail it out of this economic crisis
- It has already received assurance of electricity supply from Jordan via infrastructure in Syria
Business
MEASA’s biggest food processing and packaging show opens in Dubai
Gulfood Manufacturing, the largest food and beverage processing and packaging show for the Middle East, Africa, and South Asia (MEASA),...
- The event will run for three days and address the sector’s sustainable packaging, automation, and F&B supply chain issues.
- UAE’s trade in food commodities contributed more than seven percent of the country's GDP for 2020.
Business
Organic farmers find fertile ground in North Africa
In Tunisia, the land dedicated to organic farming has multiplied 20-fold since 2001. In Morocco, the area of farmland certified...
- Despite its small size, Tunisia ranks 30th in the world and first in Africa in terms of area certified for organic farming.
- Moroccan authorities are trying to develop the sector with the Green Morocco Plan, which helps farmers cover the costs of getting certified.
Business
Axa insurance Q3 premiums down 7 percent
Q3 net profit down 18 percent from the same period last year.
- The firm's total comprehensive income also dropped 36 percent to 38 million riyals.
- Axa said the fall in net profit can be attributed to the overall decrease in insurance results and an increase in investment income.
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
WTO ministers struggle to forge deals as talks go into overtime
ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
Geostrategy
Company News
Eshraq to buyback shares
Business
Latest News
EU, New Zealand ink deal to enhance trade by 30 percent in a decade
The European Union and New Zealand signed a free trade agreement which Brussels says can lift exchanges between the two...
Business
Pro-Iran parties urge Iraq to clear energy dues with Tehran
BAGHDAD, IRAQ - A powerful alliance of pro-Iran factions in Iraq called on Sunday on Baghdad to pressure the United States...
Geostrategy
Dubai to expand EV charging points by 170 percent till 2025
DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) aims to grow the city’s network of public charging stations by 170...
Business
Most Read
Business
Dubai’s RTA digital channels generate revenue of US$953m in 2022
DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al...
- RTA launched a feature that allows users to instantly access their vehicle registration cards for virtual displays upon request.
- In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate of 20 percent.
Geostrategy
Saudi Arabia should ‘review’ emissions targets: French minister
France's energy transition minister Agnes Pannier-Runacher left the world's biggest oil exporter early Sunday morning after meeting with her Saudi counterpart....
- Saudi Arabia pledged in 2021 to achieve net zero carbon emissions by 2060. Pannier-Runacher's trip came as the UAE prepares to host the COP28 climate summit.
- Largely state-owned energy firm Saudi Aramco, the kingdom's main revenue generator, is targeting "operational net-zero" carbon emissions by 2050.
Economy
UK to unveil new measures to support financial sector
Hunt, whose official title is chancellor of the exchequer, will lay out plans for an "entirely new kind of stock...
- Hunt will set out "how Britain's financial services will support the drive for long-term sustainable growth across the country", the UK Treasury said
- The new measures will in particular seek to make the UK stock market more attractive to firms looking to take their businesses public