WTO conference ends with acceptance of Abu Dhabi Declaration
Abu Dhabi, UAE--The 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) has concluded with the acceptance of Abu...
Economy
WTO talks end with no major win, throwing trade body into ‘crisis’
Speaking at the closing press conference, the Emirati chair of the so-called MC13 gathering, Thani Al Zeyoudi, acknowledged the shortcomings. "Despite...
DFM net profit surges 30%
Business
American Q1 profit at $10m
Business
FAB posts Q1 net profit of $1bn
Business
Economy
Bahrain says will achieve net-zero emissions by 2060
The announcement came on Sunday, October 24, a day after Saudi Arabia announced the exact same goal.
- According to a report from the official news agency BNA, Bahrain has already reduced emissions while growing the national economy
- It is said to have done this by placing clean, green, and sustainable growth at the heart of Bahrain Economic Vision 2030
Economy
UAE banking industry in recovery mode: UBF Chief
Al Ghurair said that the strong Q2 financial results of the UAE banks was an indication that the banking industry...
- UBF chief said that the federation will take on an enhanced role in facilitating skill development and employment opportunities for UAE nationals
- He also praised the UAE’s new visa guidelines, observing that "the decision to liberalise residency guidelines is a landmark step.”
Business
560 foreign firms operate in Al Wusta governorate of Oman: Official
As many as 560 foreign companies are operating in the Omani governorate of Al Wusta and their capital investments by...
- By the end of Sept. 2021, the capital investment of these firms reached $3.37 billion.
- The number of industrial licenses registered in Al Wusta during the first nine months of 2021 was 177.
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.
Videos
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
WTO conference ends with acceptance of Abu Dhabi Declaration
Abu Dhabi, UAE--The 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) has concluded with the acceptance of Abu...
Economy
Company News
KEZAD, Al Ghurair Foods ink pact
Business
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DFM net profit surges 30%
Business
American Q1 profit at $10m
Business
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