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
Bahrain to host ‘smart cities summit 2024’ in March
Manama, Bahrain--Bahrain will hold the seventh edition of the "Bahrain Smart Cities Summit 2024" from March 5 to 6 under...
Economy
Bahrain imposes new curbs on entry to malls, restaurants
*Only the fully vaccinated people or those who have recovered from infection can only enter cinemas, service centers *Arrivals from...
UAE to allow 100% foreign ownership of companies
The move is geared to attract more foreign direct investment to the UAE Cap on shares a company can float...
Turkey bans plastic imports after Greenpeace alarm
Greenpeace investigation finds "shocking" images of waste dumped along beaches across Adana city Turkey has been importing more plastic waste...
Gulf tourists await possible easing of EU travel rules
Under the current restrictions, people from only 7 countries, including Australia, Israel, Singapore, can enter the EU Gulf residents are...
Sudan takes first steps to economic recovery with help from Saudi Arabia, others
Out from nearly 30-year-long international isolation, Sudan finds the crushing burden of debt being eased with help from Saudi Arabia,...
Covid-19: Big MENA economies’ benchmark lending rates rise at snail’s pace
69 of the 82 countries tracked by CEIC data see the lending rates fall Saudi Arabia, UAE witness rise in...
Gulf residents can’t wait to visit Europe as travel curbs ease
EU to lift curbs on high-spending tourists from the GCC Thousands of travelers from the Middle East are expected to...
French PM pledges to help Tunisia reform
French Prime Minister Jean Castex calls reforms in Tunisia important for relations between two countries
Emirates to resume flights to Venice from July
The airline will also increase its flights to Milan Travelers must also take a Rapid Antigen swab test on arrival...
Is Algeria on right track to end its fiscal woes?
Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal...
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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
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
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US exhorts Tunisia to agree to IMF reforms after EU offer
The EU offered a 900-billion-euro aid package -- contingent on Tunisia reaching an IMF deal. But Tunisian President Kais Saied...
Economy
Child labor on the rise for the first time in 20 years
He emphasizes the need to tackle the underlying causes of child labor by eradicating forced labor, ensuring safe and healthy...
Economy
UAE and Russia hold talks to eliminate double taxation
Dubai, UAE--The UAE and Russia have held the second round of negotiations on the double taxation agreement on income and...
Economy
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Economy
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...
- The visa on arrival is just the latest step in Saudi Arabia's drive to make it easier for visitors to undertake a trip to the kingdom, boosting arrivals to 100 million by 2030
- The Saudi Tourism Authority has adopted digitization increasing accessibility and connectivity for visitors to enter the kingdom and enjoy its natural and cultural diversity
Business
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...
- The initiative will provide a comprehensive package of services designed to support tech, digital startups, SMEs, and MNCs.
- The chamber’s strategy (2022– 2024) is focused on improving the digital business environment, developing support for digital firms.
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...
- Money Supply M1, comprising Currency in Circulation outside Banks and Monetary Deposits, witnessed a 3 percent q-o-q increase during the first quarter of 2023.
- At the end of the first quarter of 2023, there were 22 locally incorporated banks, while the branches of these banks decreased to 494.