World Bank approves $1.1 bn in financing for Jordan
The World Bank announced Tuesday it will provide Jordan with $1.1 billion in new financing to support economic reforms and...Economy
Abu Dhabi’s non-oil foreign trade grows by 9% in 2024 to $83bn
Abu Dhabi, UAE -- Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024,...Business Economy
Sustainability in style: UAE’s couture goes green
The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to...In the UAE, environmentally friendly, competitively priced, stylish, and high-quality products are increasingly being offered by brands
They use organic cotton and other environmentally friendly materials like bamboo, hemp, and recycled polyester
Al Ghurair to use Oracle solution
This will help HR teams improve business operations.Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.
Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...This reflects a substantial increase compared to September's real estate activity, where the trade volume reached $544 million.
The report underscored the confidence of clients in the emirate's real estate sector and its capacity to attract investors.
Egypt annual core inflation falls 1.6 percent in October
Dubai, UAE--Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in...According to the country's central bank, the annual headline urban consumer inflation rate reached 35.8% in October, down from 38% in September
Last week, the government also announced increases in petrol prices of up to 14.3% amid higher global prices and a weakened exchange rate
Insect farming ‘revolutionizes’ Gulf agriculture
Across the arid region, in which conventional agriculture is beset by many challenges, insect farming for livestock feed is perceived...Many experts feel insect farming as against livestock farming emits fewer greenhouse emissions and uses fewer natural resources like water and feed
The region, however, with its unique climatic conditions and inadequate water supply, poses many hurdles for sustainable insect cultivation
GCC keen to strengthen economic cooperation with Turkey: Albudaiwi
Istanbul, Turkey-- The Gulf Cooperation Council (GCC) is keen to enhance economic cooperation with Turkey, according to its Secretary General...Albudaiwi said the GCC Ministerial Council has restarted the strategic dialogue with Turkey and adopted the Joint-Action Plan 2023-2027
He made the remarks at the GCC-Turkish Economic Forum in Istanbul with top officials and business owners from both sides in attendance
Emiratization: CBUAE to provide financial sector job opportunities
Abu Dhabi, UAE - The CBUAE will provide UAE nationals with job opportunities across various banking and insurance specializations in...The central bank will leverage the platform to educate attendants of its regulatory and supervisory role and financial inclusion efforts
The CBUAE Youth Council will also showcase its initiatives to enhance the role of the youth in the financial sector
Dubai Land Department calls for engaging accredited valuation offices
DUBAI, UAE – The Dubai Land Department (DLD) is committed to providing property owners with easily accessible resources to reinforce...The list of accredited valuation offices is available on DLD’s official website and the Dubai REST app.
This will help ensure a fair and transparent approach concerning real estate assets and liabilities.
Turkey halts joint-energy projects with Israel over Gaza war
Dubai, UAE-- Turkey has suspended joint-energy projects with Israel over the latter's invasion and bombardment of the Gaza Strip, according...The Turkish energy minister said that it would be "inappropriate" to talk about the implementation of projects with Israel under such conditions
Israel has blocked access to water, food, and electricity in Gaza, plunging the coastal area into a humanitarian crisis as the death toll crosses 11,000
Saudi Arabia set to be global reference in smart cities
"The use of generative artificial intelligence (AI) extends beyond urban design and development. It involves creating smart cities tailored to...The crucial role of generative AI in developing sustainable, resident-focused smart cities.
Saudi Arabia's integration of IoT into urban living, enhancing communication and connectivity.
