WEF24: Pragmatic actions to help in carbon neutrality
Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact...
Interview
Saudi holdings of US Treasuries surge to $131.9b in December 2023
ABU DHABI, UAE - Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month,...
Economy
Tesla quarterly profits top $1 billion for first time
Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the...
Two out of three in Syria are food-insecure, says WFP
Germany has donated €109 million ($128.73 million) to “support 4.8 million Syrians to access lifesaving food and over 600,000 children...
Iran sees water protests in Tehran, again
The demonstration was a spillover from protests in the oil-rich Khuzestan province, where water protests began more than 10 days...
Egypt records 13 percent jump in food exports in first half
Arab countries topped Egypt's food export market destinations with a value of $1.090 billion or 55%, followed by the European...
WHO chief hails Bahrain efforts to combat Covid-19
Bahrain has seen more than 269,000 Covid-19 cases of the pandemic, which has resulted in 1,383 deaths
Fewer foreign workers leave Saudi job market in Q1 2021
The highest (237,000) number of foreigners left their jobs between the second and third quarters of 2020
Two-thirds of UAE workers loyal to their employers: Survey
Basic salary, additional benefits offered by the company and senior leadership are the top three factors perceived to impact employee...
Fee for setting up business in Abu Dhabi cut by 94 percent
The reduced fee includes six activities within the business license and covers all fees for several government entities
Dubai realty sales worth $4.02 bn recorded in June
Mohammed Bin Rashid City, Dubai Hills Estate, Dubai Land, Green Community and Town Square top top areas of interest for...
Israel halves Gaza fishing zone after incendiary balloon fires
The fishing zone and import activitiess are used by the Jewish state to punish or reward Hamas-led government in Gaza...
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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
WEF24: Pragmatic actions to help in carbon neutrality
Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact...
Interview
Company News
Latest News
UAE’s foreign trade records 17% jump to US$607bn in 2022
The boost in foreign trade comes on the back of the signing of the comprehensive economic partnership agreements that the...
Economy
Sheikh Mohammed inaugurates 5th phase of Mohammed bin Rashid Al Maktoum Solar Park
DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of...
Business
Gulf Union Alahlia Q1 profit $7.5m
Results were due to a fall in insurance services expenses.
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Economy
Arab League urges action to confront drought, desertification
Cairo, Egypt--The Arab League has called for efforts to confront drought and desertification in light of number of Arab countries...
- The statement from Arab League came on the occasion of the 29th World Day to combat desertification and drought, themed "her land, her rights"
- The Arab League, according to the statement, will concentrate on women's land rights as a vital part to achieve the global goal of gender equality
Economy
Saudi Arabia’s international reserve assets up first time in 6 months
Foreign currency reserves, representing 94 percent of total assets, fell nearly 2 percent year-on-year in May to SAR 1.56 trillion...
- The other major currencies held by Saudi Arabia include euros, Japanese yen, and British pounds. Special drawing rights (SDRs) grew 1 percent YoY.
- SAMA uses the country's reserve assets to support the Saudi riyal, to finance the government's budget deficit, and to invest in foreign assets.
Economy
UAE to deepen economic tie-ups with various world countries: Sheikh Saud
St. Petersburg, Russia-- The UAE is seeking to strengthen economic cooperation with many countries in the world in order to...
- The ruler of Ras Al Khaimah was speaking at the opening session of the St. Petersburg International Economic Forum 2023 as the representative of the UAE
- He drew attention of the audience to the efforts being accelerated in the UAE to enhance prosperity and deepen stability, as well as diversify non-oil revenues and investments