China maintains basic balance in international payments in 2023
Beijing, China--China maintained a basic balance in its international payments last year, with its current account surplus amounting to US$264.2...
Economy
Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
WFP needs $1.9 billion in 2021 to prevent famine in Yemen
The World Food Program has it needs at least $1.9 billion this year alone to prevent famine in Yemen
Human Rights Watch condemns Iran for ‘deadly’ response to water protests
HRW has condemned the Iran’s response to ongoing internal water protests; at least four people have been killed by security...
Bahrain to let restaurants, sports centers open Friday, July 23
Bahrain has announced that it will allow cafes, restaurants, sports centers and more to open for all on Friday
Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz
Iran has started exporting crude through its first terminal in the Gulf of Oman, bypassing the Strait of Hormuz to...
Monthly rent in Kuwait can eat up 38 percent of your income
Average monthly rent for a three-bedroom apartment in Kuwait is about 475 KD ($1579), according to a survey by a...
Majority of employees worldwide want flexible working to continue: WEF
30 percent of 12,500 employes in 29 countries say they would look for another job if forced to go back...
Lebanon families ‘spend 5 times minimum wage’ on food
The Mediterranean country is battling what the World Bank has described as one of the planet's worst financial crises since...
Saudi Arabia gets tougher on shadow economy
Following the introduction of an anti-concealment law early this year, Saudi Arabia has stepped up its efforts to crack down...
Lebanon families spend 5 times minimum wage on food alone, says study
A family of five in Lebanon is spending more than 3.5 million Lebanese pounds a month on food
$500bn Saudi NEOM wants to be world’s most competitive free zone
The $500-billion mega city will have its own laws and regulations to govern itself.
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China maintains basic balance in international payments in 2023
Beijing, China--China maintained a basic balance in its international payments last year, with its current account surplus amounting to US$264.2...
Economy
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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...
Economy
Qatar establishes itself as a top tourist destination
"Qatar Tourism is committed to building on the success of the FIFA World Cup 2022 and continuing to promote the...
Economy
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
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Business
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...
- The beneficiaries of taxi services and franchise companies within the emirate amounted to 29 million passengers.
- The total beneficiaries of bus services amounted to about 5.3 million, with an average of 14,500 passengers per day.
Economy
ZATCA sets criteria for target firms to apply phase II of e-invoicing
RIYADH, SAUDI ARABIA - The Zakat, Tax and Customs Authority (ZATCA) has set the criterion for selecting target establishments in...
- ZATCA said that it will notify all targeted establishments in preparation for linking the electronic billing systems with the Fatoora platform, starting January 1, 2024.
- It stressed that phase II includes additional requirements including issuing E-invoices based on a specific format.
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).