No-oil trade between UAE, Jordan reached $4.5 bn in 2022

• The Abu Dhabi Fund for Development has contributed to financing numerous development projects in Jordan
• The fund, with an allocation of $10 billion, is geared to propel industrial development in the region and diversify economies

Intrinsic values, futuristic strategies elevate Dubai

Mashreq’s net profit surges 122% 

• The ROE also achieved a record high, reaching 32.1% during the same period, doubling compared to the performance in the first nine months of 2022
• The bank's non-interest income reached $626 million, marking an 8.1% year-on-year growth in the first three quarters of 2023

Saudi, Malaysia bilateral trade rose 160% in 2022

• The two countries decided to strengthen the existing cooperation in the supply of crude oil and its derivatives
• The Saudi side reaffirmed that the Kingdom will continue to be Malaysia's largest partner for crude oil supplies

KSA builds on MENA construction with $44bn contracts

• Despite global economic challenges, the region showcased resilience in the first half of 2023, backed by a robust performance in the construction sector
• Future projections indicate growth, with Egypt's construction market expected to expand and Saudi's diversification efforts fueling further development

‘Qatar prioritizes fiscal control to sustain growth’

• Qatar readies for an energy transition, prioritizing savings for intergenerational equity and steering clear of pro-cyclical fiscal policies to ensure financial stability
• Robust fiscal discipline backed by strong oil prices, debt reduction efforts , and improved macroeconomic indicators lead to positive sovereign credit ratings for Qatar

Muslim boy killed in US attack linked to Israel-Hamas war

• Child was stabbed 26 times by his landlord on Saturday and later died at hospital, while his 32-year-old mother was also wounded
• Authorities said the woman managed to call 911 as she fought off the landlord, named by the sheriff's office as 71-year-old Joseph Czuba

Collaboration crucial for renewable energy transition

• The UAE is actively supporting global efforts to mitigate the effects of climate change at both regional and international levels
• World peace, security and stability hinge on addressing climate issues and investing in clean and renewable energy sources

The United States has Israel’s back: Blinken in Israel

• Blinken's motorcade made a last-minute stop at the underground parking lot that has been turned into a makeshift donation hub after Israel's deadliest day in decades
• As Blinken brought baby supplies to add to the collection of donated boxes, a crowd of hundreds chanted, "USA! USA!" and sang the Israeli national anthem

SIRC and Edama sign partnership

• The joint project will help in meeting the challenge of sustainable waste management and contribute to creating a national circular economy.
• The project will provide a solution to the challenges faced by the Saudi Green Initiative (SGI) in its mission to plant 10 billion trees.