Arab League organizes workshop to discuss BRICS role in MENA region
Cairo, Egypt--The Arab League (AL) on Sunday organized a workshop in Cairo to discuss the role of BRICS for African...
Morocco aims to increase exports by 12% in 2024, says kingdom’s trade minister
Dubai, UAE-- Morocco hopes to increase its exports by 12 percent this year, according to the kingdom's minister of industry...
Economy
Science
Saudi minister: More investment in science and technology way to net-zero goal
Saudi Arabia's Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha has said that the best way to achieve...
- Al-Swaha says pursuing current policies and technologies will lead to a gap of 30-40 percent in the zero-emission goal.
- Saudi Arabia is taking the lead in building a center for climate technologies in the MENA region, he said.
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The largest Arab container ports in the world
There are about 186 major maritime container ports worldwide. Do you know the names of the biggest container ports in...
- Trade between nations has always made a significant contribution in terms of increasing wealth among the world population.
- Today, more than 80 percent of all trade is seaborne and maritime ports are playing significant for commercial and navigational purposes
Business
Abu Dhabi launches virtual license for non-resident investors
The virtual license covers 13 economic sectors on top of the strategic sectors targeted by the Abu Dhabi government to...
- The program lets non-resident foreign investors obtain an economic license for doing business in the emirate
- They can now do this without any prior residence procedures and from any location outside the UAE
Economy
Dubai approves Hatta master development plan
The Hatta master development plan is said to be aimed at developing Hatta, an exclave of Dubai, into a tourist...
- The Hatta plan is a part of the Dubai 2040 Urban Master Plan, which aims to create a roadmap for enhancing infrastructure
- The master plan also aims to implement development projects and initiatives across the emirate over the next 20 years
Economy
Saudi Arabia leads GCC in inflation control
The Kingdom has implemented measures and worked on significant improvements as part of its Vision 2030 to diversify sources of...
- Concerns about the high inflation rates abound in the Gulf countries as governments spend more to help families
- Inflation is expected to stabilize in Saudi Arabia due to spending rationalization policies
Economy
Lebanon needs $1bn for local currency to regain value: Minister
Lebanon’s Information Minister George Kordahi has said that the country needs $1 billion to bring up the value of the...
- The World Bank has described Lebanon’s economic crisis as possibly among the three worst of its kind across the globe
- Since 2019, the Lebanese pound has lost more than 90 percent of its purchasing power, and now more than three out of every four citizens live in poverty
Economy
Jordan taps FAO to support rural families with agriculture festivals
The FAO and Jordan’s National Center for Agricultural Research have signed a cooperation agreement in this regard.
- The FAO and Jordan’s National Center for Agricultural Research have signed a cooperation agreement
- As part of the agreement, they are expected to organize festivals for Jordan's agricultural products to empower rural families and farmers
Qatar opens fifth 2022 World Cup venue
The 40,000-seat ground will host groups matches during Qatar 2022 up to the quarter-finals.
- The 40,000-seat ground will host groups matches during Qatar 2022 up to the quarter-finals
- It was designed by Qatari architect Ibrahim M. Jaidah to resemble the 'gahfiya' cap, traditionally worn by men in the region
Economy
UAE to chair 6th Annual Asian Infrastructure Investment Bank meeting
The Meeting will focus on a number of key themes, including investing in the infrastructure for tomorrow such as cross-border...
- The meeting to be attended by 103 members as well as strategic partners from around the world will be held virtually under the theme "Investing Today. Transforming Tomorrow."
- In 2020, the Asian Infrastructure Investment Bank announced its strategic ambition to allocate 50% of its total funding until 2025 to climate-friendly projects
Arts & Culture
Qiddiya: Saudi Arabia’s Disneyland
The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, a water park and sporting venues...
- The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, sporting venues, and a large selection of cultural, creative, and artistic activities
- The entertainment city is expected to attract 17 million visitors in the entertainment sector, 12 million in the shopping sector, and 2 million in the hospitality sector by 2030
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Arab League organizes workshop to discuss BRICS role in MENA region
Cairo, Egypt--The Arab League (AL) on Sunday organized a workshop in Cairo to discuss the role of BRICS for African...
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Lebanon central bank officials to quit if no governor nominated
BEIRUT, LEBANON - The vice-governors of Lebanon's central bank plan to resign unless politicians swiftly name an incoming governor, two senior...
Economy
Energy prices may jump if output slashed, warns Shell CEO
LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because...
Business
Dubai logs over $871m in realty transactions on Thursday
DUBAI, UAE - Dubai's real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released...
Business
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Economy
Qatar Central Bank’s foreign reserves up 14 percent in June
Doha, Qatar -- International reserves and foreign currency liquidity of Qatar Central Bank (QCB) rose to reach QR 240.742 billion...
- The official reserves consist of major components, which are foreign bonds and bills, cash balances with foreign banks and gold holdings.
- Qatar's gold reserves increased, as of the end of June 2023, by about QR 8.617 billion to reach QR 20.853 billion.
Business
UN report confirms success of UAE investment endeavors: Al Marri
"The UNCTAD report for 2022 reaffirms the remarkable and unprecedented achievements resulting from the cumulative balance of FDIs flows in...
- UAE received the fourth largest number of greenfield projects (997), behind only India (1008), the UK (1230) and the US (2075), according to the UN Investment Report 2022.
- Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said the report confirmed the UAE’s position as a "compelling destination for global capital".
Economy
UAE Dirham can be third currency for India-Russia Trade, says Russian economist
New Delhi, India - Russian academic Sergey Luzyanin has suggested that the United Arab Emirates' Dirham could be considered as...
- Sergey Luzyanin shed light on Russia's need for a third currency option due to concerns over the volatility of the Indian Rupee
- The need for a third currency arises as Russia continues to face Western sanctions imposed after its involvement in Ukraine