Iran, Armenia eye $3 billion bilateral trade volume
Tehran, Iran – Deputy Prime Minister of Armenia Mher Grigoryan on Thursday said that Iran and Armenia have the potential...
Geostrategy
Saudi budget records $10 billion deficit in Q4 2023
Riyadh, Saudi Arabia - Saudi Arabia's general budget recorded a deficit of $9.86 billion in the fourth quarter of 2023,...
Economy
Economy
Death toll crosses 2,000 in quake-stricken Haiti
The quake also injured at least 12,268 people and damaged or destroyed tens of thousands of buildings in the Caribbean...
- The quake also injured at least 12,268 people and damaged or destroyed tens of thousands of buildings in the Caribbean nation
- The government has declared a month-long state of emergency in the four provinces impacted by the latest quake
Economy
Hezbollah says Iran fuel tanker to sail to Lebanon
The move, prohibited by US sanctions on Iran's oil industry, could drag Lebanon into the covert naval war between Tehran...
- Neither the Iranian nor the Lebanese governments have confirmed the paramilitary organisation's claim
- The move, prohibited by US sanctions on Iran's oil industry, could drag Lebanon into the covert naval war between Tehran and Israel
Economy
Charity, humanitarian aid workers to get UAE’s Golden Visas
The visa allows residence for five to 10 years, which is automatically renewed for people in certain categories such as...
- Dubai ruler Rashid Al Maktoum said Golden Visa will provide charity workers in the UAE a safe haven to pursue their work.
- He cites establishment of the Dubai International Humanitarian City as an example of the emirate's commitment to humanitarian causes.
Research
Turbulent economy under Taliban
Ahmady explained that the Taliban would have access to only 0.1-0.2 percent of the country’s foreign reserves of $9 billion,...
- Ahmady explained that the currency may depreciate, something that already happened over the weekend the Taliban took Kabul
- He also predicted that food prices would rise, hurting the poorest the most
Economy
Troubled land: The Sahel’s ‘three-border’ region
The vast arid region, along with central Mali, has become the worst-hit area in the jihadists' nine-year-old campaign
- The vast arid region, along with central Mali, has become the worst-hit area in the jihadists' nine-year-old campaign
- As elsewhere in the Sahel, the birthrate here is high and climate change has sharpened competition over scarce resources
Geostrategy
‘Complete stop’: New Turkish wall confronts fleeing Afghans
A concrete wall, topped with barbed wire and surrounded by trenches, is being erected along Turkey's border with Iran
- A concrete wall, topped with barbed wire and surrounded by trenches, is being erected along Turkey's border with Iran
- Official data shows 120,000 Afghan refugees in Turkey, and up to 300,000 undocumented Afghan migrants
Business
Bahrain-origin exports up by 62 percent in July
Saudi Arabia ranked first for Bahrain-origin exports and re-exports. Portable digital automatic data processing machines were the top product re-exported...
- Unwrought aluminum and agglomerated iron ore and concentrates top two exports.
- Brazil, China and UAE top three importers for Bahrain.
Economy
UAE to combat money laundering, terror financing
This is in line with the country's commitment to achieve full compliance to the International Financial Action Task Force (FATF)
- This is in line with the country's commitment to achieve full compliance to the International Financial Action Task Force (FATF)
- The country’s ministry of economy highlighted that the private sector is a strategic partner in its efforts to implement the country’s international obligations
Economy
Iran, Turkey anticipate refugee crisis as Taliban takes over Kabul
Both already host large refugee populations — 3.6 million Syrians in Turkey and 3.5 million Afghans in Iran
- Both already host large refugee populations — 3.6 million Syrians in Turkey and 3.5 million Afghans in Iran
- Both countries are battling the coronavirus pandemic and facing economic difficulties.
Economy
Bahrain’s deficit dips 35 percent to $1.38bn in H1
Bahrain has succeeded in lowering its deficit by 35 percent to $1.38 billion in the first half of 2021, compared...
- "Strategic planning, along with the persistent dedication of Team Bahrain, has yielded tangible outcomes in the Kingdom's path to development”
- According to the report, recurrent expenditure decreased by 2 percent year-on-year
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Iran, Armenia eye $3 billion bilateral trade volume
Tehran, Iran – Deputy Prime Minister of Armenia Mher Grigoryan on Thursday said that Iran and Armenia have the potential...
Geostrategy
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Arada’s US$500m Sukuk lists in Nasdaq Dubai
DUBAI, UAE - Arada's US$500 million Sukuk was listed in Nasdaq Dubai. The Sukuk is the first issuance by Arada...
Business
Remittances to MENA may rise by 1.7% after drop in 2022: World Bank
Dubai, UAE -- Remittance flows to the Middle East and North Africa (MENA) are expected to increase marginally in 2023...
Economy
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Economy
Oman’s economic growth to reach 2.7 percent in 2024, says IMF
MUSCAT, OMAN - Oman’s economic growth is expected to rebound to 2.7 percent in 2024 but will slip in 2023...
- The projections reflect the oil production cuts by OPEC+, moderate growth in the non-hydrocarbon sector and a slowdown in global economic activity.
- Oman's real GDP rose by 4.3 percent in 2022, basically on an expansion of the hydrocarbon sector.
Business
India’s IndiGo places record order for 500 Airbus A320
Indian carrier IndiGo said it had ordered a 500 A320 airliners from European manufacturer Airbus at the Paris Air Show....
- Airbus boss Guillaume Faury said the signing was "an enormous milestone, to our knowledge and recollection no-one has ever ordered" so many planes at a stroke.
- With an order book now at over 1,300 aircraft, the contract also makes IndiGo Airbus' largest customer for the A320 family.
Business
Combined profit of capital market institutions in Saudi Arabia falls
RIYADH, SAUDI ARABIA - The combined profit of capital market institutions in Saudi Arabia dropped 19 percent to US$306 million...
- The combined profit of capital market institutions in KSA was S$381 million in Q1 2022.
- Revenues fell 2 percent to US$730 million in Q1 2023 from $744 million in Q1 2022.