Qatar Chamber and International Labour Organization look to boost ties
Doha, Qatar--The Qatar Chamber (QC) and the International Labor Organization (ILO) discussed bilateral cooperation relations in the fields of labor,...
Economy
Bahrain’s central bank treasury bills oversubscribed by 226%
Manama, Bahrain--Central Bank of Bahrain (CBB) announces that the $93 million monthly issue of Government Treasury Bills has been oversubscribed...
Economy
Economy
Natural experiments bring Nobel Prize to three US economists
Card’s studies of core questions for society and Angrist and W Imbens’ methodological contributions have shown that natural experiments are...
- One half has been awarded to David Card “for his empirical contributions to labor economics,” which is rooted in natural experiments
- The other half is for Joshua D Angrist and Guido W Imbens, “for their methodological contributions to the analysis of causal relationships”
Expo 2020 DUBAI
Now an ad from the lowest place on the Earth
The new ad posted on the Twitter handle of the Israeli Pavilion at Expo 2020 Dubai has been videographed in...
- New ad of Israeli Pavilion at Expo 2020 has been shot in the middle of The Dead Sea
- It is an imitation of the Emirates’ ad from the top of 828-metre-high Burj Khalifa
Economy
Power partially restored in Lebanon after nationwide blackout
Lebanon's electricity grid was back online Sunday after the army supplied fuel to two key power stations that had run...
- Energy Minister Walid Fayad said Sunday that the grid was back up and running
- Lebanon has witnessed rolling power cuts across the country since the end of its 1975-1990 civil war
Business
Business confidence in Dubai reaches third-highest level in 10 years: Survey
Business confidence in Dubai reached its third-highest level in 10 years as companies in the emirate begin to feel the...
- A survey by Dubai Chamber said companies in the emirate begin to feel the positive impact of Expo 2020.
- Global supply chain restrictions were identified as a key challenge for business leaders.
Economy
Iran needs $22bn to maintain gas output
Iran’s Oil Minister Javad Oji has reportedly said the country requires at this investment to maintain the production level of...
- About 50 percent of Iran's gas reserves are in Bushehr province
- This is true for about 10 percent of the country’s oil reserves as well
Economy
Dubai announces projects worth $6.8 billion
They include urban development, health, and transport projects.
- These are said to be part of a portfolio of public-private partnership or PPP projects
- The investments were announced at the First Dubai International PPP Conference
Research
UAE passport strongest in GCC, 16th in global ranking
The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport...
- The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport Index
- The Henley & Partners' list is one of many that rank passports based on their ability to provide access to their citizens
Business
Gulf International Bank closes $625million sustainability-linked syndicated loan
Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it...
- The deal makes it the first majority Saudi-owned bank to close such a facility.
- The deal was oversubscribed by more than two times with $1 billion commitments from 20 global investors.
Economy
Sharjah Chamber to sponsor 12th World Chambers Congress
Running from November 23 to 25, the event will be held under the theme ‘Generation Next: Chambers 4.0’
- Running from November 23 to 25, the event will be held under the theme ‘Generation Next: Chambers 4.0’
- It will bring together more than 1200 participants from international organisations and governments representing 100 countries around the world
Economy
Lebanon in blackout as power stations run out of fuel
State electricity in most places is barely available for an hour a day amid rolling power cuts
- State electricity in most places is barely available for an hour a day amid rolling power cuts
- The Mediterranean country is battling one of the planet's worst economic crises since the 1850s
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Qatar Chamber and International Labour Organization look to boost ties
Doha, Qatar--The Qatar Chamber (QC) and the International Labor Organization (ILO) discussed bilateral cooperation relations in the fields of labor,...
Economy
Company News
M42 acquires Diaverum
Business
Latest News
United Airlines reports Q1 loss
Business
Saudi tourism on growth path despite hiccups
Saudi Arabia is investing $500 billion in NEOM, a future city in the northwest, expected to be a hotspot for...
Infographics
Iraq’s oil export revenues in June hit $7 billion, says SOMO
Baghdad, Iraq - Iraq's Ministry of Oil has said that the country's crude oil exports reached over 100 million barrels...
Iraq exports crude oil worth over US$7bn in June 2023
BAGHDAD, IRAQ - Total crude oil exports in June reached over 100 million barrels, the Iraqi government said in a...
Business
Most Read
Business
Iran makes US$54 billion in revenue from export of oil in 2022
Tehran, Iran-- Iran has earned revenue to the tune of $54 billion last year from the export of oil, according...
- According to the estimate, Saudi Arabia earned the highest net oil export revenue among OPEC members in 2022, standing at $311 billion
- Iraq came second at $131 billion, followed by the United Arab Emirates with $119 billion, and Kuwait came fourth at $98 billion
Economy
Oman’s GDP climbs up 4.7 percent to touch US$22.59bn in Q1
Muscat, Oman--Oman's gross domestic product (GDP) at constant prices recorded an increase of 4.7 per cent to reach $22.59 billion...
- The jump has mainly resulted from the growth of non-oil activities, climbing up by 4.6 percent to $17.55 billion at the end of the first quarter of 2023
- The country has seen oil activities at the end of Q1 grow by 3.5 percent to $7.32 billion as against $7.09 billion at the end of the first quarter of 2022
Business
DFM adds new investor accounts
The brokerage firms added 26,953 new accounts in H1.
- The new investor accounts at the bourse climbed more than 48 percent during the first five months of this year as against 18,204 last year
- Since the listing of companies such as DEWA, TECOM Group and many others, the market has witnessed significant momentum