Saudi Arabia extends online services to help foreign firms set up regional hqrs in kingdom
Riyadh, Saudi Arabia - Saudi Arabia's Ministry of Commerce has announced the provision of online services for foreign companies looking...
Economy
Energy transition led Saudi Arabia to halt oil expansion, says official
RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...
Business
Over 700 migrants saved from Mediterranean this weekend
SOS Mediterranee said that its vessel, the Ocean Viking, had carried out six separate operations in international waters since Saturday
Licenses issued by Ajman rise 117 percent in H1 2021
Bulk of licenses issued to building maintenance activities, restaurants import and export, retail of canned and preserved foodstuffs.
Saudi economy likely to grow nearly five percent this year
Saudi economy is expected to grow 4.8 percent in 2021 from 2.2 percent last year, according to the estimates of...
The chips are down: why there’s a semiconductor shortage
The car industry has been the most visible victim so far, with many brands forced to slow their output in...
Iran’s Raisi set to focus on economy, nuclear deal
The US sanctions choked Iran, including by seeking to stop its oil exports, and the economy contracted by more than...
Saudi Arabia invites more than 80 British companies for business
The companies that attended the Saudi workshop were from fields including innovation, technology, space, research, and development.
EU adopts framework for sanctions on Lebanon to aid govt formation
The move comes after weeks of uncertainty at the upper echelons of the Lebanese government, even as the country sinks...
Dubai RTA got $723m in revenues via digital platforms in 2020
The RTA’s Director-General Mattar Mohammed Al Tayer said this revenue came from just the authority’s e-payment portal and smart kiosks.
- The number of digital transactions reached 527.146 million throughout 2020
- The number of registered users on digital platforms hit 2.162 million, and the number of smart-app downloads was 6.136 million
Beirut blast aftermath: 564,000 children ‘struggling to survive’ in city
Global non-profit Save The Children has said the collapsing Lebanese economy has pushed more than half a million children in...
Dubai to lower, waive off fees on govt services to boost growth
In order to give a fillip to economic activity in Dubai, its government will lower and in some cases completely...
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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
Saudi Arabia extends online services to help foreign firms set up regional hqrs in kingdom
Riyadh, Saudi Arabia - Saudi Arabia's Ministry of Commerce has announced the provision of online services for foreign companies looking...
Economy
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Qatar Chamber looks to burnish lackluster gold and jewellery sector
Doha, Qatar-- In order to remove obstacles facing the gold and jewellery sector in the country, Qatar Chamber has reviewed...
Business
Global food bill will rise to US$1.98trn in 2023, up 1.5%: FAO
According to a report by the FAO, the world food import bill is forecast to touch a new record this...
Economy
38 million passengers used services of SRTA in 2022, say reports
SHARJAH, UAE - The Sharjah Roads and Transport Authority (SRTA) said it transported about 38 million passengers, throughout the year...
Business
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Economy
Qatar Industrial Production index up 2.8 percent in April
DOHA, QATAR- The Industrial Production index (IPI) of Qatar for April 2023 reached 106.4 points which is an increase of...
- The index of the mining sector showed an increase by 3.2 percent compared to the previous month (March 2023).
- For manufacturing the index of this sector showed an increase by 0.5 percent compared to the previous month (March 2023).
Business
ADDED signs pact with Valeo to set up automotive technology hub in Abu Dhabi
ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry...
- Valeo plans to explore new areas of development by integrating its advanced technologies and its sustainability vision in green cities.
- The agreement to design and manufacture electric and autonomous driving car components will improve smart and sustainable mobility.
Economy
Iraq-UK economic ties strengthen on back of uptick in trade
London, UK--Volume of trade exchanges between the UK and Iraq has exceeded one billion dollars and imports and exports between...
- The Iraqi-British trade exchange saw huge growth, with the commerce volume crossing one billion sterling pounds, and British exports to Iraq surging by 40 percent
- The cooperation between Iraqi and British universities has grown in recent years even as the UK has made investments in the social sector and education in Iraq