Saudi surpasses Vision 2030 tourism target, says IMF report
Tourism is a major contributor to the Kingdom's economic diversification efforts, the IMF notes in its 2024 Article IV Consultation...Economy
Saudi Business Council established to strengthen Eastern European partnerships
The council aims to align its focus with Saudi Arabia’s Vision 2030 and the economic agendas of Eastern European countries,...Economy
UAE Govt to offer 2.5% payment support for pensioners
Dubai, UAE - The UAE government has announced a 2.5 percent payment support to its citizens’ pension contributions through the...To be eligible for this pension support, insured individuals must be between 18 and 60 years old at the time of their appointment
To fully benefit from the program, both registered entities and insured Emiratis must ensure that monthly contributions are made promptly
‘Saudi Arabia sees fastest growth among G20 nations’
"The Saudi economy achieved a growth rate of 8.7 percent in 2022, the fastest among G20 countries, surpassing the expectations...Saudi Arabia is not just a regional influencer but a global economic powerhouse, according to its Minister of Economy and Planning, Faisal bin Fadhil Alibrahim
With a growth rate of 8.7% in 2022 and 17th rank among the world's most competitive economies, the Kingdom is setting stage for sustainable global economic growth
Saudi SME Bank inks pact with SIDBI of India
New Delhi, India - The Small and Medium Enterprises Bank (SMEB) of Saudi Arabia has signed an agreement with the...The agreement encompasses various components, including the design and formulation of engineering strategy data
It involves the transfer of knowledge pertaining to credit practices, with a particular emphasis on supporting small and medium-sized enterprises
Iran and Russia sign deal to build research spacecraft in two years
Tehran, Iran-- Iran and Russia are looking to build a research spacecraft within two years and in this connection top...The Scientific and Research Department at the University of Tehran has set up a secretariat to oversee the project
The Islamic republic's vice president has directed the Plan and Budget Organization of Iran to finance part of the joint project
India wants to use UAE expertise in smart cities: official
New Delhi, India - India wants to cooperate with the UAE in smart cities and technologies, President and CEO of the...India aims to have a digital economy worth US$1 trillion by 2026, and its internet services are already valued at US$300 billion, Abhishek Singh said
There are many areas for cooperation between the two countries, most notably smart cities, digital traffic systems, and technology integration in healthcare, he added
UAE president discusses boosting ties with president of Nigeria
Abu Dhabi, UAE-- UAE President Sheikh Mohamed bin Zayed and Nigerian President Bola Ahmed Tinubu discussed opportunities for further bilateral...UAE president hoped the two leaders would work together to deepen ties that benefit both the UAE and Nigeria
Sheikh Mohamed renewed the UAE's goal to foster ties with countries that share the same aspiration for growth
ENEC inks MoU with OSGE
Aim is to help in decarbonization of the Polish power sector.One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.
Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.
Saudi EXIM, India EXIM ink MoU
Pact was signed on the sidelines of G20 Summit in New Delhi.The primary objective of this agreement is to facilitate the export of products and services between Saudi Arabia and India.
The key areas of cooperation encompass exporting products and services, the exchange of information and expertise.
Iran-US non-oil trade reaches US$31m in January-July 2023
TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United...Trade between Iran and the US in January- July 2023 registered a 26 percent growth compared to the same period last year.
Iran and the United States had traded US$24.7 million worth of non-oil products from January to July 2022.
Middle East sets global standards in renewable energy
This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green...This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green hydrogen, catalyzing a global clean energy shift
By 2030, solar energy is expected to make up 15 percent of the Middle East's power mix, while new wind projects in Oman, Egypt, and Saudi Arabia will generate local jobs
