WEF24: Innovation and diversification drive UAE growth
The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...
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Saudi National Bank launches US dollar-denominated sukuk
RIYADH, SAUDI ARABIA - Saudi National Bank (SNB) commenced the US dollar-denominated senior unsecured sukuk issuance through a special-purpose vehicle. The sukuk are offered to qualified...
Business
Egypt upset as Ethiopia starts second phase of filling mega-dam on Nile River
The Grand Ethiopian Renaissance Dam has been a source of conflict between Addis Ababa, Egypt and Sudan since construction began...
Saudi Arabia to create 40,000 jobs for its nationals
Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...
Tunisians hope calmer Libya could stimulate economic growth
Libyan crisis led to 2 percent loss in Tunisia's GDPÂ TunisAir was the first foreign carrier to resume flights to...
Saudi Arabia to support small Egyptian businesses with $17.25m
The funding to Egyptian businesses is expected to boost job creation The funding will also go towards purchasing factory machinery...
Iran ups non-oil exports by 50% in Q1
Iran’s non-oil exports rose by 50% in the first quarter of the current Iranian year, its Minister of Industry, Mines...
Covid-19 variant: Saudi suspends UAE flights
The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad The UAEÂ is a...
Dubai Chamber board adopts 90-day plan for business growth
The event eyes 100,000 business leaders Key challenges facing companies discussed The newly formed board of Dubai Chamber of Commerce...
Oil-producing countries postpone decision on output increase
UAE objects to extending of cuts to the end of 2022 as it seeks to grow production Members consider whether...
Yemen gets $150-million World Bank aid for food, water, healthcare
Yemen is plagued by conflict that started with Houthi insurgence Some 80 percent of Yemenis are dependent on aid To...
UAE launches work permits for Golden Residency holders
Golden Residency visa was created last year for professionals, specialized degree holders HR ministry lays down criteria for work permits...
WEF24: Innovation and diversification drive UAE growth
The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...
Videos
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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...
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...
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
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Economy
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...
- The FAO's biannual report warns that the decline in food import volumes is a "concerning development", indicating a decline in purchasing capacity
- The report further says that world wheat production in 2023 is expected to drop by 3.0 percent from its all-time high of 777 million tonnes in 2022
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.