WTO agri reforms key to global food and climate goals
"Australia maintains that global food security, climate, and biodiversity targets are unattainable without progress in agricultural trade reform, including the...
Economy
Israel minister says Arab trade ties unfazed by Gaza war
In January, Israel's cabinet approved an additional 55 billion shekels ($15 billion) to meet the cost of the war, while...
Economy
60,000 Saudi nationals added to private-sector job force in Q3 under Nitaqat
Around 60,000 Saudi nationals were added to the kingdom's private-sector labor force under the Saudization program during the third quarter...
- The number of Saudi nationals in the private sector job market was 1,826,875 in Q3, an increase of 3.41 percent.
- Around 65.06 percent of these workers were males and 34.94 percent females.
Economy
Syria to withdraw subsidy to its richest citizens
Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies...
- In a press conference, Syria's Internal Trade Minister, Amro Salem, said that there are segments of society that do not need subsidies
- Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies on bread and fuel
Economy
UAE unveils hydrogen leadership roadmap
Green hydrogen is envisaged to play a significant role in UAE’s domestic strategy to meet the UAE 2050 Net-Zero goals.
- The roadmap is said to be a comprehensive national blueprint to support domestic, low-carbon industries in the UAE
- It is also expected to contribute to the UAE’s net-zero ambition, and establish it as a competitive exporter of hydrogen
Economy
Urban management can benefit from blockchain
Blockchain may be able to solve quite a few of the problems in the planning and implementation of a smart...
- While smart cities are a key trend, today's hurdle is high competition and complex device integration
- Blockchain technology may be able to take care of not only these but also security and other issues
Market Report
Abu Dhabi Securities Exchange launches derivatives market
The new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging...
- The new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging capabilities
- Index futures will be introduced in the first quarter of 2022, ahead of the expansion into a wider range of derivative products.
Economy
Abu Dhabi realty transactions hit AED 16 billion in Q3
Among the 3,932 real estate transactions involving land and buildings generated AED 4.6 billion, while 2,224 mortgage transactions generated AED...
- Among the 3,932 real estate transactions involving land and buildings generated AED 4.6 billion, while 2,224 mortgage transactions generated AED 11.6 billion
- Yas Island topped the Q3 2021 report with the highest value in terms of total sales at AED 1.1 billion, followed by Saadiyat Island with total sales of AED 705 million
Economy
Top oil producers stick with modest output boost
This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The...
- The decision came from the 13 members of the Organization of Petroleum Exporting Countries and their 10 allies
- They reconfirmed, in a brief meeting via videoconference, a July decision to gradually step up production each month
Geostrategy
Top oil producers to assess output amid pressure to open up the taps
The powerful producers led by Saudi Arabia and Russia in the so-called OPEC+ grouping are expected to re-affirm a decision...
- There is pressure from the US and other big consumers to open up the taps much more decisively.
- OPEC+ members seem to prefer to stick to their plan of easing cuts by 400,000 barrels per day per month.
Economy
UAE, Spain seek to increase collaboration in life sciences sector
The UAE hosted its second "Sci-Tech Virtual Tour" for a high-level Spanish delegation to highlight the country’s economic and scientific...
- The UAE hosted its second "Sci-Tech Virtual Tour" for a high-level Spanish delegation to highlight the country’s economic and scientific achievements
- The two-day event was organized in cooperation with the UAE’s Ministry of Foreign Affairs and International Cooperation and the UAE Embassy in the Kingdom of Spain.
Economy
Israel passes first state budget in 3 years
Israeli MPs approved a 609-billion-shekel ($194-billion) spending plan for 2021 and are to resume debate later on 573 billion shekels...
- The government had till November 14 to get the budget approved to prevent parliament from being dissolved
- It would have triggered the fifth election in three years during which Israel has not seen a single budget passed
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WTO agri reforms key to global food and climate goals
"Australia maintains that global food security, climate, and biodiversity targets are unattainable without progress in agricultural trade reform, including the...
Economy
Company News
Alkhaleej Insurance posts profit
Business
Latest News
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...
Economy
Global trade in commodities to expand by 1.3% annually: FAO-OECD report
Paris, France--Global trade in agricultural commodities is projected to expand by 1.3 percent annually - half the pace recorded in...
Economy
Jordan’s beekeepers make a fortune as demand for honey soars
The kingdom of Jordan prides itself on its 19 different types of honey, including citrus, eucalyptus and maple varieties, depending...
Business
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Geostrategy
Dubai Police records 65,942 ‘transactions’ at smart police stations in H1
Dubai, UAE-- During the first half of 2023 the Dubai Police has recorded some 65,942 smart transactions at its 22...
- According to the police, some 66,000 smart transactions were processed without any human intervention, including the lodging of 16,000 reports
- Major General Ali Ahmad Ghanim said residents and visitors expect top-notch police services that are both innovative and convenient
Economy
High oil prices, reforms spur Saudi economic boom
The Kingdom's non-oil private sector expanded sharply in June as output and new orders rose at accelerated, multi-year record rates,...
- The Kingdom's non-oil private sector expanded sharply in June as output and new orders rose at accelerated, multi-year record rates, indicating strong growth rate.
- Consumer spending saw a remarkable 15% year-on-year rise in May, despite a monthly drop, while SAMA foreign reserve assets rose in May for the first time in six months
Geostrategy
Libyan rival leaders to work together for oil income
TRIPOLI, LIBYA- Rivals in politically divided Libya have agreed to form a committee on sharing oil revenues, a move welcomed on...
- The UN Support Mission in Libya said the financial oversight committee's "inclusive approach" will help enable "a level-playing field for candidates in the polls.
- Ballots in Libya had been due in December 2021 but disputes including who should stand in the polls meant they were never organized.