Saudi Arabia pursues AI hub future: PIF Governor
Riyadh, Saudi Arabia - Governor of Saudi Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Thursday positioned Saudi Arabia as...
Economy
WEF24: Catalyzing investment, trade transform Africa
Addressing infrastructure and climate change is crucial for Africa's development, British Robinson, the Coordinator of the Prosper Africa Initiative, tell...
Interview
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...
Key to growth seizing $3trn tech opportunities: Saudi minister
Al-Ibrahim says Saudi Centre for the Fourth Industrial Revolution will lead the country’s endeavors in providing solutions to global challenges.
Saudi Arabia to reopen to vaccinated tourists from Aug 1
The move comes after a 17-month closure due to the coronavirus pandemic. However, Riyadh did not announce any lifting of...
Kuwait records realty deals worth $1.3 billion in June
Al Ahmadi Governorate accounted for 67.7 percent of the 1,271 deals, followed by Hawalli and Jahra governorates.
- Al Ahmadi Governorate accounted for 67.7 percent of the 1,271 deals followed by Hawalli.
- The value of real estate transactions in June 2020 was only KD77 million.
Fully-vaccinated Saudi citizens can fly abroad from Aug 9
Also eligible for travel are citizens who recovered from virus six months ago and those who were infected six months...
- Also eligible for travel are citizens who recovered from virus six months ago and those who were infected six months earlier and vaccinated with single dose
- Passengers below age of 12 need to present an insurance document approved by the Saudi Central Bank
From grey to green: world cities uprooting the urban jungle
The reforestation is part of an $11-billion green initiative that also includes creating 3,000 parks in the Saudi capital.
Saudi Arabia pursues AI hub future: PIF Governor
Riyadh, Saudi Arabia - Governor of Saudi Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Thursday positioned Saudi Arabia as...
Economy
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Pakistan to hand over Karachi Port terminals to UAEÂ
Dubai, UAE - Pakistan has taken steps to finalize a deal with the United Arab Emirates (UAE) for the handover...
Economy
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Economy
‘EU acknowledges, appreciates Qatar’s labor reforms’
The EU also lauds the exceptional execution of FIFA 2022 in Qatar. It helped refine Qatar's reputation and correct misconceptions....
- European Union commends Qatar's successful organization of FIFA World Cup and its positive impact
- The bloc has also vowed to strengthen relations with Islamic countries and combat hatred against Islam
Turkey raises minimum wage by 34% to tackle inflation
Ankara, Turkey - Turkish government has announced a 34 percent increase in the monthly minimum wage, effective from July 1. ...
- The decision was reached by the minimum wage assessment commission, following negotiations between workers and employers
- President Tayyip Erdogan, who was re-elected, has indicated a willingness to implement interest rate hike in an attempt to stabilize the economy
Business
Dubai records over US$1.2bn in realty transactions
DUBAI, UAE - Dubai's real estate market recorded 638 sales transactions worth US$503 million (AED1.85 billion) on Tuesday, data released...
- The market also recorded 130 mortgage deals totaling US$732 million and 21 gift deals amounting to US$59.5 million.
- The sales included 566 villas and apartments worth US$394 million and 72 land plots worth US$109 million.