Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses...
- Beijing has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its...
The launch comes a decade after the social benefits program was proposed, and as part of an overhaul of social...Beneficiaries will receive a direct monthly payment starting at 500 dirhams ($50)
The aid to families was expected to cost Morocco $2.52 billion through 2024
MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National...MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National Hydrogen Strategy.
The BMW Group's innovative electric and hydrogen vehicles, showcased at COP28, underscore a pivotal shift in the GCC and MENA regions towards a greener, cleaner future.
- ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy...
The collaboration supports Abu Dhabi Industrial Strategy's vision to establish the Emirate as the most competitive industrial hub in the region.
Siemens Energy will support IDB to localize the manufacturing capabilities in Abu Dhabi and provide technological solutions.
Riyadh, Saudi Arabia -- Saudi Arabia jumped 10 ranks to second place among the G20 countries according to International Telecommunication...The index monitors the economies of 169 countries to measure their progress in ICT services through two main pillars ‘universal connectivity’ and ‘meaningful connectivity.
It reflects the robust and developed digital infrastructure, with an increase of 99 percent of Internet penetration rate in Saudi Arabia.
According to the Kuwait Central Statistical Bureau, the upward trend was mainly attributed to rising prices across all major groups...There was a 6.86% jump in the clothing group and a 3.13% rise in housing services
Culture and entertainment sectors surged by 3.54%, and education costs rose by 0.72%
- “To ensure AI makes ethical, inclusive, and prosperous decisions, we must educate ourselves on its workings. It’s crucial to manage...
Omran Sharaf, the UAE's Assistant Foreign Minister, stresses the importance of respecting differences for proper AI development in national and regional contexts.
He underscores AI's role in technological advancement, sustainable development, and the need for an effective international AI governance framework.
- ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...
The guide provides a comprehensive and simplified explanation and instructions for natural persons earning in the UAE.
The FTA emphasized the importance of understanding the comprehensive content and definitions outlined in the guide.
Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...The government aims to raise renewable energy-based hydrogen production to at least one million metric tonnes (mt)/year by 2030.
Local state-owned enterprise Hydrogen Oman (Hydrom) signed six investment agreements, worth over US$38 billion, with partners in 2023.
Dubai, UAE -- The Arkiz Agricultural Project in Mauritania, which has been financed by the Saudi Fund for Development (SFD)...The project will improve the efficiency of Mauritania's water, irrigation and drainage facilities, while delivering agricultural equipment and potable water to farmers.
Since 1979, the fund has contributed toward 20 development projects in Mauritania, at a value of over $665 million.
- Previously, to be eligible for a loan from Moscow, a country could not be categorized in the sixth or lower...
Additionally, loans were not extended to countries with long-term creditworthiness ratings below B- from Fitch or Standard & Poor’s, or below B3 from Moody’s.
Under the new decree, Russia will no longer adhere to international institutions' recommendations when extending loans to other countries.
