UAE ranks 1st regionally in UNDP Human Development Report
The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is...
Research
Solar switch may put off electricity crisis in Lebanon
Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances...
Investigation
Oil prices rise amid growing demand from India, China
Brent crude oil futures were up $1.43, 1.93%, at $75.55 Prices had dropped early in the week by the collapse...
Lebanon: Pharmacies go on strike over medicine shortages
The country is facing what the World Bank has called one of the world's worst economic crises since the 1850s...
Dubai authorities probe Jebel Ali Port blast
Dubai authorities were Thursday investigating an explosion on a container ship carrying flammable materials which unleashed a fireball at one...
Curbs, vaccination drive help GCC minimize COVID-19 impact
Strict restrictions and intensive vaccination drive help the region deal with the pandemic Massive drop in global oil demand and...
Dubai’s consumer confidence surges to a ten-year high, signaling economic recovery
The second quarter of 2021 saw consumer optimism at its highest Consumer confidence rose to 151 points as against 125...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
Oil prices extend gains after OPEC+ talks fail, equities mixed
Brent broke above $77 for the first time since 2018 Breakdown of talks raises the possibility of $100 a barrel...
Disagreement between UAE, Saudi Arabia hobbles OPEC
The UAE on Sunday pushed back against a plan by the OPEC+ group to extend a pact to cut oil...
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...
New standardization, metrology legislation to drive UAE’s industrial sector: Sultan Al Jaber
New UAE standardization and metrology legislation will boost its industrial sector and national economy The standardization regulations will create an...
UAE ranks 1st regionally in UNDP Human Development Report
The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is...
Research
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Israel’s govt approves state budget after three-year impasse
A protracted political crisis under former prime minister Benjamin Netanyahu generated political instability that prevented the passing of a state...
RAK Properties net profit rises 348% to AED120m in H1
Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent...
Saudi economy likely to grow nearly five percent this year
Saudi economy is expected to grow 4.8 percent in 2021 from 2.2 percent last year, according to the estimates of...
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Turkey battles forest fires for fourth day
The wildfires broke out on Wednesday across southern provinces, injuring more than 300
Man faces 20 years in prison in US for illegally exporting laboratory equipment to Iran
Reza Sarhangpour Kafrani, aka Reza Sarhang, co-owned the Canada-based company Prolife Global, which conducted business in the US and elsewhere.
CEOs of listed Saudi firms resign in unusual numbers
At least 26 CEOs have resigned from the listed companies of Saudi Arabia in just last six months as the...