Saudi Arabia set to establish more smart industrial zones
Riyadh, Saudi Arabia - Saudi Arabia will establish more smart industrial zones, Minister of Municipal and Rural Affairs and Housing,...
Economy
UAE is an exceptional economic leader in Middle East
"We've collaborated closely with the World Governments Summit for over a decade. It presents a vital opportunity to foster innovative...
Economy
G7 may lend its weight to a minimum global level of corporate tax
Biden has called for a unified minimum corporate tax rate of 15% in negotiations with the OECD and the G20...
Egypt’s foreign-currency reserves shot up to $40.3bn in May
The rise has been due to remittances sent by Egyptians working abroad According to the Ministry of Planning, the reserves...
Saudi looks to raise $55 billion from sale of assets, public-private partnership
Oil rick kingdom had recently announced a privatization plan that includes identifying 160 projects Saudi finance minister Al-Jadaan opened a...
UAE submits draft of political declaration on corruption to UN
Law enforcement, criminalization, international cooperation, assets recovery focus of draft
UAE supports international efforts to combat corruption
The UAE in 2020 ranked 21 out of 180 countries across the world in Transparency International’s Corruption Perceptions Index, which...
UAE unveils three initiatives to mark World Environment Day
UAE’s Ministry of Climate Change and Environment has signed an MoU with idea innovator company Ideanco to collaborate in promoting...
Turkey’s central banker tries to calm market jitters
Turkish economy expanded by 7 percent between Jan and March but inflation more than triple the government's target of 5...
Expats in Saudi Arabia remit $3.54 billion in April
Expat workers make up three quarters of workers in the Kingdom, with most coming from countries such as Syria, India,...
Oil rises to $72 for the first time in 2 years as demand soars
Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran’s nuclear program,...
UAE, Lithuania explore economic cooperation prospects
Lithuania's pavilion at EXPO 2020 Dubai will be inspired by concepts of innovation, sustainability and innovation
Most Read
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
Saudi Arabia set to establish more smart industrial zones
Riyadh, Saudi Arabia - Saudi Arabia will establish more smart industrial zones, Minister of Municipal and Rural Affairs and Housing,...
Economy
Company News
Deutsche Bank shares tank
Business
Latest News
UAE consul general visits Albany to foster deeper economic, cultural ties
Albany, New York-- The UAE has reiterated its resolve to strengthen economic and cultural ties with New York and the...
Economy
Iraq seizes big haul of captagon pills headed for local market
Continuing with its crackdown against drug traffickers in the country, Iraq security forces on Tuesday said they had taken into...
Economy
Dubai records 78% realty sector YoY growth in May
Dubai, UAE: Dubai's property sector has witnesses a 78 percent increase in sales volume in May 2023 when compared to...
Economy
Most Read
Economy
Saudi Arabia climbs to 13th rank on IATA air connectivity index
Riyadh, Saudi Arabia-- Saudi Arabia vaults to the 13th position on the air connectivity index of the International Air Transport...
- The kingdom rose by 14 places in the ranking that includes more than 200 countries, and it clocked highest connectivity level by linking up 131 destinations
- Saudi Arabia has recorded 42 percent growth in the number of passengers during the first four months of 2023 as against the same period last year
Economy
Regulating energy providers crucial for sustainability
“The new policy will contribute to the UAE’s GDP and help achieve financial returns that amount to AED21.5 billion (US$5.85bn)...
- UAE enforces policy to regulate energy providers, boost infrastructure, and foster investments, innovation, and modern technologies in the sector, says energy minister Al Mazrouei
- The new policy outlines contractual frameworks and public-private partnerships, targeting energy and water consumption reduction, carbon footprint, and building operational costs
Economy
Diversification, global investment key to UAE’s growth
The Gulf nation is strategically establishing comprehensive economic partnerships with various countries in bid to diversify its economy and encourage...
- The Gulf nation is strategically establishing comprehensive economic partnerships with various countries in bid to diversify its economy and encourage global investments
- As of June 2023, the UAE has entered into five such agreements, notably with Israel, India, Indonesia, Turkey, and Cambodia, with plans to sign three more in the first phase