Saudi budget records $10 billion deficit in Q4 2023
Riyadh, Saudi Arabia - Saudi Arabia's general budget recorded a deficit of $9.86 billion in the fourth quarter of 2023,...
Economy
South Korea presses for enhanced ties with UAE in high tech and AI
Dubai, UAE--South Korea has pressed for boosting cooperation with the UAE in the field of advanced technology and artificial intelligence...
Economy
India exports grew 67 percent in May despite Covid-19 caseload
Sector-wise, the increase was spurred by growth in demand for engineering goods, petroleum products, gems, jewelry, pharmaceuticals and iron ore
Global food prices rise fastest in May: FAO
Surge in international prices of vegetable oils, sugar and cereals lead to the increase in Food Price Index
$163m weeklong real estate transactions in Dubai
164 plots sold for AED 819.02 million, 1,030 apartments and villas sold for AED 2.22 billion
Qatar loses its top position to Australia in the fight to control global LNG market
The United States and Russia are the third and fourth exporters of gas Overall LNG trade increased to 356.1 million...
Etihad Airways, UN Volunteers program sign MoU to promote volunteering
Etihad will promote UNV and activities across Etihad’s channels Encourage members to donate their Etihad Guest Miles for UNV activities...
57% UAE workforce won’t survive financially in event of critical illness
A quarter of UAE employees would not last a month if laid off due to critical illness Critical illness cover,...
QRDI Council leads “Russia-Qatar Innovation Dialogue” at SPIEF
QRDI Council's 10-year strategy, QRDI 2030, aimed at creating create locally-empowered and globally-connected RDI ecosystem Council explains how RDI will...
Aid for Egypt’s cotton industry, Sudan’s dairy sector
In Egypt, the goal is to revive the cotton industry by supporting growers to cultivate sustainable cotton. In Sudan, dairy...
Luxembourg-UAE ties to expand beyond financial services: minister
At present, financial services form Luxembourg's biggest export to UAE Future economic ties to also focus on will space, fourth...
UAE desires broader trade relations with Iraq
The ambassador of the UAE Al Zaabi made this statement during his visit to the Federation of Iraqi Chambers of...
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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
Saudi budget records $10 billion deficit in Q4 2023
Riyadh, Saudi Arabia - Saudi Arabia's general budget recorded a deficit of $9.86 billion in the fourth quarter of 2023,...
Economy
Company News
Latest News
UAE aims to drive sustainable development with its new policy on energy market
Dubai, UAE-- The UAE has set its sights on regulating the energy providers market as a step toward developing the...
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...
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)...
Economy
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Business
Qatar provides maritime radio station licensing for small ships in Al Khor, Al Ruwais cities
DOHA, QATAR - The Communications Regulatory Authority (CRA) has announced the provision of maritime radio station licensing services for small...
- Qatar's Communications Regulatory Authority aims to process the requests of a large segment of the residents of the northern cities of the country.
- These services will facilitate the completion of their applications related to maritime radio station licensing for small ships.
Economy
US consumer inflation drops 11th straight month
WASHINGTON, US - Consumer inflation in the United States cooled for an 11th straight month in May, the Labor Department said...
- The consumer price index (CPI) jumped 4.0 percent from a year ago, in line with analyst expectations and down from a 4.9 percent rise in April.
- On a monthly basis, the CPI rose 0.1 percent in May, decelerating from 0.4 percent in April, the Labor Department said.
Geostrategy
Saudi Arabia announces international conference on Sudan aid
Saudi Arabia announced that it would jointly lead a conference on the humanitarian response to the war in Sudan next...
- Saudi Arabia and the United States have been mediating in the eight-week conflict.
- The kingdom played a leading role in evacuating thousands of foreigners from Sudan early in the war.