What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the COVID-19...Economy
Central & Southern Asia and Oceania region leads the world in cryptocurrency adoption
The fifth annual Chainalysis Global Crypto Adoption Index looks at both on- and off-chain data to determine which countries are...Economy
Urban developments transform Saudi realty
The exhibition saw the launch of massive real estate ventures, including integrated, modern cities, with a combined investment of around...The recent "Cityscape Global" exhibition in Riyadh showcased the vast urban development initiatives, signaling a bright future for the Kingdom's urban and housing sectors
The exhibition highlighted Saudi Arabia's $17 billion Diriyah Gate project and other urban developments, with investments totaling approximately $18.3 billion
‘Protect the planet, natural resources and heritage’
"The UAE is steadfast in its efforts to mitigate tensions and advocates for dialogue and diplomacy as means of resolution....The UAE emphasizes the importance of protecting the planet, natural resources, and cultural heritage
Global challenges highlighted at the UNGA include armed conflicts, climate disasters, and waves of extremism
Eastern authorities want Libya aid conference in flood-hit Derna
Benghazi, Libya - Libya's flood-devastated port city of Derna will host an international conference next month to aid reconstruction efforts, authorities...Despite a wave of nationwide solidarity since the flood, there was no immediate show of support for the proposed conference from the Tripoli-based government
And even the office of strongman Khalifa Haftar, the main military backer of the eastern administration, questioned how many donor governments would attend
UAE, Armenia ink 4 MoUs at joint business forum
YEREVAN, ARMENIA - Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) Abdullah Mohamed Al Mazrouei and...A UAE delegation of around 100 representatives of government and private entities took part in the forum.
In the first seven months of 2023, trade between UAE and Armenia was valued at US$870 million.
Jordan seeks World Bank support to boost infrastructure projects
Amman, Jordan-- Jordan and the World Bank have held discussions to enhance cooperation in infrastructure projects and the public-private partnerships.In...Jordanian Minister of Investment Kholoud Al Saqqaf met with World Bank Vice President for Infrastructure Affairs Guangzhe Chen in Amman to broaden the cooperation
The Jordanian minister reviewed a list of partnership projects between the public and private sectors, which focus on transportation, water and infrastructure sectors
Saudi Arabia seeks Chinese investment in mining, industry
Beijing, China - Saudi Arabia is seeking Chinese investment in mining and industrial sectors. The Saudi Minister of Industry and...The Saudi side highlighted the goals of the National Strategy for Industry and the opportunities provided in various industrial sectors
The meeting examined the measures, initiatives and incentives provided by the ministry to remove obstacles for investors
Saudi Arabia’s economy joins trillion-dollar club
The Kingdom now ranks 17th in global economic rankings and 17th out of 64 countries for global economic competitiveness.The milestone was achieved ahead of the state's 2025 targets, accompanied by a remarkable growth rate of 8.7%, the highest among G20 nations
Saudi Arabia now ranks 17th in global economic rankings and 17th out of 64 countries for global economic competitiveness
Kuwait and China sign raft of agreements to bolster ties
Looking to shore up ties between the two countries, Kuwait and China have signed cooperation agreements across a range of...The two leaders also discussed avenues to further strengthen ties for the mutual prosperity of the two nations
They deliberated on regional and international developments and expressed desire to solidify strategic partnership
UAE-Saudi non-oil trade reaches US$159bn in 2018-22
ABU DHABI, UAE - The volume of trade exchange between the UAE and the Kingdom of Saudi Arabia grew by...The volume of trade between the UAE and the Kingdom of Saudi Arabia grew by 28 percent in 2022.
The year 2021 saw growth, reaching $33.9 billion (AED 124.65 billion), compared to $28 billion (AED 103.91 billion) in 2020.
Afghan wushu fighters defy money woes to pursue Asian Games glory
Afghanistan will compete in 15 sports in Hangzhou, the country's first Asian Games since the Taliban seized power in 2021....The team say the Taliban authorities support sport, but there is no government financial backing for athletes
Afghanistan will compete in 15 sports in Hangzhou, the country's first Asian Games since the Taliban seized power
