UAE’s economy rides on tech and renewable energy
"The UAE's dedication to innovation and international partnerships as vital to enhancing its position on the global economic stage, bolstering...
Economy
Female founders flourish in UAE’s startup ecosystem
Over the past decade, the UAE has become a global hub for innovation and entrepreneurship, attracting significant interest from international...
Economy
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...
Hub71 to evaluate, endorse applications for Entrepreneur Golden Visa
Applications endorsed by Hub71 will be finalized by Abu Dhabi Residents Office and the Federal Authority For Identity and Citizenship
Spike in fuel prices not to make food costlier: Cairo Chamber
The flow of goods, the price of bread, and other food commodities will remain immune from the increase in fuel...
Saudi Arabia has invested $650 million in Bahrain road sector
Saudi Arabia has invested around $650 million in the road sector of Bahrain through the Saudi Fund for Development
Tunisia pays $506m in foreign debt, as economy falters
The country has seen its economy contract by more than 8 percent last year, and its pile of debt has...
Turkey seeks change in UN climate change agreement
Turkey has sought a change in a UN climate framework so it won’t have to supply technology to developing countries
Saudi to extend permits, visas for expats until August 31
Saudi Arabia will automatically extend the validity of residence permits for expatriates outside the country until August 31
Cyberattack ruled out in third Internet outage in two months
Another massive outage hits internet services on Thursday, July 22, affecting the websites of major companies across the globe.
Saudi Arabia wants to pump ‘every last molecule’ of oil
Energy Minister Abdulaziz bin Salman has said Saudi Arabia will pump out “every last molecule” of oil it has
UAE’s economy rides on tech and renewable energy
"The UAE's dedication to innovation and international partnerships as vital to enhancing its position on the global economic stage, bolstering...
Economy
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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.