The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...
Qatar is to expand its scheme to boost the power supply in Syria by paying for deliveries of Azerbaijani gas...
In the GCC, online market growth surpasses offline, driven significantly by Saudi Arabia, amid intense competition where local brands increasingly...In the MENA region, customers are enticed by augmented reality games with tangible rewards, as the digital economy rises and brands innovate to meet growing expectations
In an intensifying market, customers' multi-channel interactions offer brands crucial CX strategy insights, reflecting the escalating expectations they have from merchants
TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been...SAIPA is planning to supply 90,000 units of the QUIK sedan model to Russian customers in the next three years.
Exports can start within a month and after the required permits are issued by Russian authorities.
- TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...
Also 14.4 million tons of non-oil goods, valued at US$24.2 billion were imported into the country from March 21, 2023 to July 22, 2023.
In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.
- TEHRAN, IRAN – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea...
Iran has forged strong relations with Islamic and other like-minded countries.
The country is keen on membership in regional and extra-regional alliances.
Doha, Qatar -- Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus...Imports of goods in July 2023 amounted to around QR 9.4 billion, showing a decrease of 1.6 percent compared to July 2022.
China was the leading country of origin of Qatar's imports with about QR 1.6 billion, a share of 16.7 percent of the imports.
Despite a decline in FDI inflows in the past few years, GCC countries remain optimistic as they expect strong economic...The GCC countries are generally stable and have a good track record of protecting foreign investments.
The Gulf nations have abundant natural resources, such as oil and gas, which attract foreign investors in the energy sector.
- In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...
In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants.
IRENA’s Director-General Francesco La Camera said the world must add 1,000 GW of renewable power annually on average every year until 2030 to keep 1.5°C within reach.
Riyadh, Saudi Arabia-- Banks in Saudi Arabia have reported a 9.6 percent increase in aggregate profit to $1.71 billion in...The central bank said the aggregate assets of the banks jumped 8.84 percent year-on-year in July to $1.02 trillion
The bank also revealed that loans disbursed to the private sector increased 9.97 percent year-on-year in July to $648 billion
- Sharjah, UAE--Sharjah will host the first-ever Gulf-Iraq Business Forum on 26th and 27th September to boost economic ties between the...
The business forum will look into boosting investment and trade ties between the GCC countries and business groups within Iraq
Iraq has been an old business and trading partner for the countries in the GCC region and the forum will seek to consolidate the cooperation
The two countries signed a memorandum of understanding (MoU to boost mining cooperation in critical minerals needed in new technologies...The two countries desire to ramp up mutual investments in the manufacturing sector
Turkish companies would attempt to obtain more shares of Saudi Arabia's projects
