Riyadh, Saudi Arabia -- Saudi Arabia's real Gross Domestic Product (GDP) grew by 3.9 percent in the second quarter of...
Muscat, Oman -- The nominal Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) countries reached US$587.8 billion by...
Amman, Jordan--Jordan and Algeria are looking to boost trade and parliamentary relations to further enhance bilateral ties between the two...The head of the Jordanian-Algerian Parliamentary Committee and Algerian ambassador discussed boosting of ties between the two countries
The ambassador reiterated her country's commitment to improving ties with the kingdom, adding that a tax-free customs zone will be set up in the near future
Sharjah, UAE-- Ruwad, or the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), has approved the financing of three projects after...In the second quarter of this year, Ruwad received some 102 application from projects for the Ruwad membership, of which 66 were approved
According to Ruwad, the food sector stood at top of the list that secured the membership during the second quarter of 2023
The president met with a string of leaders from the Arab world and the European Union and discussed ways to...The UAE has announced a contribution of US$100 million to support developmental projects in countries affected by irregular migration
The heads of the European Commission and the European Council, and the Tunisian president and Lebanese PM applauded the UAE for the aid
In just few years, Saudi Arabia has leapt up the global rankings to become a leading destination for international tourists,...- Saudi Arabia has reentered into this year's Kearney FDI Confidence Index, which ranks the markets likely to attract the most...
The optimism stems from strong economic growth, which is expected by IMF to reach 3.6% in 2023, higher than the global average of 3.3%.
The GCC region is especially ripe for FDI, as the high demand for oil and gas is expected to continue to spur the growth of economies in the region.
DUBAI, UAE - Keeping pace with the UAE’s strong economic growth, Dubai Customs cleared 14 million customs transactions during the...Dubai Customs revealed that business registration service transactions went up 7 percent, recording 143,000 service requests.
Customs declarations stood at 12.3 million transactions, accounting for 88 percent of the total number of customs transactions.
DUBAI, UAE - In Dubai’s economic growth story, family businesses stand tall as architects of growth, innovation and value creation....The government is introducing initiatives to future-proof family businesses and bolster their competitiveness and growth capabilities in a global environment.
Dubai has introduced new legislative measures aimed at helping them navigate the challenges and opportunities brought by a global economy in transition.
Cairo, Egypt--Egypt and Indonesia will ramp up trade exchange as the two countries look to strengthen the overall ties. This...Both agreed to give a fillip to Indonesian investments in Egypt benefiting from the incentives offered by the Suez Canal Economic Zone
Egypt and Indonesia also reviewed all agreements and memos signed between the two nations over the past years
The Fed paused its aggressive campaign of monetary tightening last month to give policymakers more time to assess the health...Futures traders now assign a probability of more than 99 percent that the Fed will hike its base rate by 25 basis points
Some economists predict another rate hike as soon as the Fed's next rate meeting, while others think it could hold rates steady
Doha, Qatar-- Qatar has recorded a 70 percent growth in annual foreign direct investment (FDI) between 2019 and 2022. Just...IPA Qatar said it has succeeded in luring FDI and building a world-class business environment, boosting Qatar's image on the global stage
It has also played a leading role in policy advocacy, making 70 policy recommendations, apart from creating a better business environment
