China’s Guangdong province now boasts of 75,000 high-tech companies
Shenzen, China--The total number of high-tech enterprises in south China's Guangdong Province has exceeded 75,000, local authorities have said. By...
Economy
Covid-19 tourism losses could cut Middle East GDP by 3.1 percent: UN
Pandemic-induced economic impact on tourism could top $4 trillion Lack of widespread vaccination in developing countries leading to mounting losses...
Unemployment in Saudi Arabia drops, more women enter workforce
Labor force participation rate for women rose to 33.6% in Q1 2021 94 percent of the unemployed open to taking...
MENA facing new financial risk challenges due to pandemic: Refinitiv report
25 percent say that a data breach poses the most significant risk to business operations Refinitiv expert says deploying advanced...
Austria to welcome more GCC travelers from July 1
Austria will open border for tourists from all across the world, including GCC, from July 1 The move comes as...
Digitalization, sustainability top priorities of Middle East consumers
PwC Middle East claims consumers in the region value digitalization and sustainability the most 58% of Middle-East consumers say they...
Forum in Dubai discusses market challenges, opportunities
Dubai Chamber says findings of the forum will be sent to the Dubai Government to help in policy formation 500...
UAE to trade in 25 new international markets as economy recovers
UAE’s budget balance improved as its economy recovers It will enter 25 new international markets for foreign trade Boosted by...
Fewer restrictions, fast vaccination give Dubai edge in events sector
The emirate plans to host one of the biggest gas conferences and an African investor summit this year Dubai aims...
GCC-UK Trade Summit 2021 to boost trade, investment
Virtual event promises to catalyze a new era of economic collaboration Day-long summit will host discussions featuring high-profile investors from ...
46% UAE consumers expect effects of pandemic to last another year
Increased vaccinations, protective measures, contactless in-store experience key to rebuilding UAE consumers' confidence 73% of consumers admit to have changed...
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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
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...
Economy
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...
Business
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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).
Business
ADDED signs pact with Valeo to set up automotive technology hub in Abu Dhabi
ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry...
- Valeo plans to explore new areas of development by integrating its advanced technologies and its sustainability vision in green cities.
- The agreement to design and manufacture electric and autonomous driving car components will improve smart and sustainable mobility.
Economy
Iraq-UK economic ties strengthen on back of uptick in trade
London, UK--Volume of trade exchanges between the UK and Iraq has exceeded one billion dollars and imports and exports between...
- The Iraqi-British trade exchange saw huge growth, with the commerce volume crossing one billion sterling pounds, and British exports to Iraq surging by 40 percent
- The cooperation between Iraqi and British universities has grown in recent years even as the UK has made investments in the social sector and education in Iraq