Qatar and China entrepreneurs explore partnerships, JVs in tech and energy
Doha, Qatar-- Businessmen and entrepreneurs from Qatar and China have discussed opportunities to set up joint ventures and commercial partnerships...
Economy
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
Business
DP World reports container volume growth of nearly 12 percent in Q3
The gross volume growth was mainly driven by Asia Pacific, India, Australia, and the MENA region.
- In Q3, DP World handled 19.8 million TEU, up 8.1 percent year-on-year basis.
- The near-term outlook remains positive, but the company expects growth rates to be moderate in the final quarter, said CEO Ahmad Bin Sulayem.
Economy
World Bank warns high energy prices could stoke inflation
World Bank has warned that rising energy prices will stoke inflation in many emerging markets and developing countries.
- The bank has raised its forecast for average oil prices to $74/bbl in 2022 from $70/bbl in 2021 projected previously in April
- Prices of non-energy commodities like metals and wheat are also projected to remain at elevated levels
Interview
Sharjah Sustainable City builds on green concept
The project, which covers 7.2 million square feet of land in Al Rahmaniyah area, builds on the concept of future...
- The project extends over an area of 7.2 million square feet of land in the Al Rahmaniyah area of Sharjah, supporting the urban development of the Emirate
- The city is designed to cover all three elements of sustainability - social, economic, and environmental
Economy
Israel approves $10bn to improve conditions in Arab sector
The expenditure is expected to improve socio-economic conditions for Israel’s Arab minority, which has long complained of marginalization.
- The plan was approved by Prime Minister Nafatli Bennett's government late on Sunday
- It calls for $9.35 billion to be spent over five years to "close the gap in the Arab sector" compared with conditions in the Jewish community
Business
Ministry of Economy and LinkedIn sign MoU to promote UAE as talent destination
The UAE's Ministry of Economy has signed an agreement with LinkedIn for developing a framework for skills-based talent besides identifying,...
- The agreement is geared towards achieving UAE Strategy for Talent Attraction and Retention.
- LinkedIn will collaborate with the ministry’s team to make joint action plans supporting the ministry’s national strategies.
Business
Evergrande shares rise
The Chinese firm has restarted work on 10 projects.
- Evergrande owes various lenders close to $300 billion, but speculations are rife that it may not be able to pay all of it back
- However, after the project restart announcement, shares in the firm rallied more than four percent in early trade
Infographics
How major Arab economies performed since 1975
At a time when the future of the global economy is going to change following the trends from regional economies,...
- The region's dynamics have changed a lot due to oil exports from 1975 to 2021.
- The Arab countries are now among top-world investors in high-tech companies
Economy
Bahraini Farmers Market returns with Covid-19 precautions
The market, which reportedly aims to promote Bahrain’s agricultural products and highlight the development taking place in the country’s agricultural...
- This edition of the market will be limited to shops selling local agricultural produce
- It will also feature a number of restaurants without the accompanying recreational activities
Economy
Turkish lira touches all-time low of 9.85 after Erdogan seeks expulsions
On Saturday, Erdogan announced that he had ordered his foreign ministry to expel the envoys for seeking the release of...
- The lira subsequently rebounded, last fetching 9.7150 and was quoted at 9.7200-9.7600 at 0441 GMT
- Last week, the Turkish currency plunged to record lows after the Turkish central bank cut its policy rate by 200 basis points
Economy
Saudi non-oil exports leap up 26.8% to SR23bn in August
Non-oil exports of Saudi Arabia vaulted 26.8 percent to SR23 billion in August, compared to SR18.1 billion in the same...
- Growth was driven mainly by higher exports of plastics and chemicals, which surged by 56.6 percent and 66.2 percent year-on-year
- Non-oil exports including re-exports increased from 18.9 billion riyals in July 2021 by 1.9 billion riyals or 8.9 percent
Qatar and China entrepreneurs explore partnerships, JVs in tech and energy
Doha, Qatar-- Businessmen and entrepreneurs from Qatar and China have discussed opportunities to set up joint ventures and commercial partnerships...
Economy
Company News
Latest News
KEZAD, Al Ghurair Foods ink pact
Business
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...
Geostrategy
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,...
Economy
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...
Geostrategy
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Economy
‘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...
- Projected greenhouse gas emissions are less than half the projected output growth.
- This output indicates a significant fall in the carbon intensity of agricultural production.
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...
- Al Amiri made the remark during her address to ministers at the G20 Research and Innovation Initiative Gathering (RIIG) in Mumbai
- She said that the UAE will invest some $160 billion in the next 30 years to further develop and deploy green innovations
Business
Iran emerging as a hub for health tourism in West Asia: Raisi
Tehran, Iran--Iranian President Ebrahim Raisi has claimed that health tourism in the country has attracted patients from neighboring countries and...
- The Iranian president claimed that patients from Central Asia and Middle East have chosen Iran over Europe to come for medical treatment
- In May, Iranian health minister said that last year more than 1.2 million foreign patients had been to hospitals in the Islamic Republic for various treatments