WEF24: AI needs to unite public and private sector
There is a need to align AI goals between public and private sectors to balance cost reduction with job creation...
OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...
Economy
OECD sees higher world GDP growth but fears ‘headwinds’
World economy will expand by 5.8 percent this year OECD chief describes the shortage of vaccines in low-income economies 'very...
Dh1 million fine for money laundering: UAE
the ministry held an extensive media briefing on the system for combating money laundering The session also briefed attendees on...
Lebanon crisis among world’s worst since 1850s: World Bank
Lebanon's economy will shrink by nearly 10 percent in 2021 Meltdown blamed on corruption and mismanagement by the ruling elite...
Abu Dhabi economy to recover to 2019 levels in 2023: S&P
Abu Dhabi economy to recover modestly in 2021 courtesy increased business activity and higher oil prices Emirates' rating could improve...
Kuwaiti breeder hopes superworms will become the new superfood
Breeder Jassem Buabbas is experimenting with recipes before seeking permission from Kuwaiti authorities Some Gulf states have a tradition of...
UAE, Israel sign tax treaty to boost economic ties
The signing of the treaty came after the normalization of ties between them The treaty is based primarily on the...
Planning body set up to make Dubai the world’s best city
Supreme Committee for Urban Planning envisions Dubai as the best city for life in the world
Cybersecurity experts to discuss defense strategies at GISEC 2021
Participants will hear how international law enforcement agencies are working together to fight cybercriminals
$2.3 billion of realty deals in four emirates in Q1 2021
The deals are a sign that the worst is over and smart recovery is picking up
Cyprus votes amid anger over graft scandal
With over 27 percent of the vote, conservative DISY remained the largest force in parliament
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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: AI needs to unite public and private sector
There is a need to align AI goals between public and private sectors to balance cost reduction with job creation...
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Saudi Arabia to provide visitors with instant e-visa to boost travel
Riyadh, Saudi Arabia-- In order to boost the travel and tourism industry in the kingdom, Saudi Arabia will offer instant...
Economy
Initiative by Digital Economy Chamber to help firms set up in Dubai
DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has announced a...
Business
Assets of banks in UAE up 2.6% in first quarter to reach $1.02 trillion
In its UAE Monetary, Banking, and Financial Markets Developments Report for Q1, which provides insights into the monetary and banking...
Business
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Economy
Pakistan gets first Russian crude under discount deal: PM
Since Russia launched its invasion of Ukraine last year, economic sanctions have seen a significant cut in its oil and...
- Pakistani State Minister for Petroleum previously said shipments will be paid in currencies of "friendly countries", with Pakistan's US dollar reserves dangerously low
- Local media reported the cargo of 100,000 metric tons of oil left Russia a month ago and was split across two smaller ships in Oman before sailing to Karachi
Economy
UAE and Japan discuss boosting economic, trade and industrial ties
Tokyo, Japan-- The UAE and Japan are looking to bolster economic, trade, industrial and investment ties as part of a...
- The UAE Foreign Minister Sheikh Abdullah bin Zayed met with Japan's foreign and economy ministers to explore broadening of economic and strategic ties
- The discussion between the two sides also touched upon bilateral cooperation in energy and climate, and the UAE's preparations for COP28 in Dubai Expo City
Economy
Iran-Turkey trade to hit US$15bn on back of private sector cooperation
Tehran, Iran-- Bilateral trade between Iran and Turkey is expected to vault to US$15 billion by 2025 on the back...
- According to the Iranian Customs Authority, the bilateral annual trade between the two countries touched US$13.58 billion up to late March 2023
- During the last financial year, Turkey rose to become the third largest customer of Iranian non-oil exports, with some US$7.45 billon worth of purchases