Middle East economy firm despite challenges
Non-oil growth to stay robust, bolstered by a strong non-oil GDP growth in the region's two biggest economies, UAE and...Economy
Saudi women’s unemployment drops to 13.7% by 4Q 2023
Riyadh, Saudi Arabia - The unemployment rate among Saudi women witnessed a historic decline, plummeting to 13.7 percent in the...Economy
‘Partnerships with technology leaders help in Dubai’s digital transformation’
DUBAI, UAE - First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh...Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey.
The initiative seeks to advance Dubai’s strategic objective of becoming one of the world’s top urban economies.
US first quarter growth slightly higher than expected
Washington, United States - US economic output increased by more than previously thought in the first quarter of this year, the...The US economy has cooled this year as the impact of multiple rounds of interest-rate hikes to tackle inflation begins to be felt.
GDP growth in the first quarter was revised up slightly to 1.3 percent, the Commerce Department announced in a statement.
‘UAE-India economic ties benefit 3.8 billion people’
Both countries are focusing on sectors such as technology, digital payments, innovation, green energy, healthcare, and more to develop their...Both countries are focusing on sectors such as technology, digital payments, innovation, green energy, healthcare, and more to develop their economies, says UAE’s minister
Abdullah bin Touq Al Marri stresses on the importance of the CEPA signed between the two countries, emphasizing its role in enhancing trade and creating opportunities
GCC secretary general exhorts boosting trade relations with UK
Riyadh, Saudi Arabia--The GCC has called for the strengthening of trade and investment relations with the United Kingdom amid the...The GCC secretary general made the remarks during a meeting with Kemi Badenoch, UK business secretary in Riyadh
Albudaiwi and Badenoch reviewed joint preparations for holding the fourth round of negotiations to be held in London, in July
Investment in solar power to overtake oil first time this year: IEA
The International Energy Agency (IEA) said that while the increasing investment in solar power is a welcome development. but investment...Annual investment in clean energy is expected to have risen by 24 percent from 2021 to more than $1.7 trillion in 2023, according to the International Energy Agency
The IEA expects investment in solar power, essentially photovoltaic panels, to hit $380 billion this year while investment in oil exploration and extraction to hit $370 billion
Sharjah witnesses 22% population growth to 1.8mn, reveals census
Sharjah, UAE-- The emirate of Sharjah has seen a 22 percent growth in population to 1.8 million inhabitants, as against...The census revealed that the emirate's working population has shot up to 1.1 million from 856,000, a growth of 22 percent
Out of the total population of 1.8 million, the number of expatriates living in the emirate is 1.6 million, and the rest are the local citizens
Syrians abandon babies at mosques, under trees as war grinds on
"Only a few cases of child abandonment" were officially documented before the war broke out in 2011, according to the...Health department official said that 53 abandoned newborn babies had been registered in government-controlled areas in the first 10 months of last year
Syrian President this year issued a decree creating dedicated facilities for the children, who would be automatically registered as Arab, Syrian and Muslim
Iran seeks economic integration and multilateralism: Raisi
Tehran, Iran-- Iran seeks economic integration and multilateralism in international relations, according to the Islamic Republic's President Ebrahim Raisi.The president...The president told reporters at the airport in Tehran that Iran's relationship with different countries is based on regionalism and neighborhood policy
The Islamic Republic, according to the president, signed agreements with Indonesia in energy and economic fields, in addition to signing other MoUs
Abu Dhabi Housing Authority to build new homes worth US$1.90bn
Abu Dhabi, UAE--Abu Dhabi Housing Authority has joined hands with Q Holding to build new housing projects in West Baniyas...Nearly 1,500 residential villas will build in the West Baniyas, besides other infrastructure such as gardens, public facilities, services, mosque and commercial buildings
The other housing project in Al Samha will see the construction of 242 residential villas, mosques and retail units and would cost close to US200 million
‘Qatar’s economy is shining example of reforms’
The contribution of the non-oil sector to the growth of the economy is the strongest in the Gulf region, which...Qatar pledges 20 percent of its Special Drawing Rights to support countries with low growth and climate risks, says IMF Managing Director Kristalina Georgieva in Doha
Despite global economic slowdown predicted for 2023, Qatar's diversified economy is expected to outperform global growth rates, she adds during Qatar Economic Forum
