As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...
IEA cited sluggish economic growth, global trade tensions, the rise of electric cars and the shift away from crude to...
Will help to enhance efficiency of overseas operations.With an annual demand of three billion liters, India is among the world’s most significant markets for lubricants.
ADNOC Distribution aims to enter this dynamic market, gaining access to a vast network of over 28,000 retail stations.
Official data show a 6.1 percent growth in non-oil GDP during the first quarter of 2023, driven by strong performances...This the highest quarterly value in the past nine years. The contribution of non-oil activities to the total GDP reached its highest level in eight years to 52.8 percent.
The construction sector recorded highest quarterly growth rates in nine years during the first quarter of 2023 and the fourth quarter of 2022 in a row.
Manama, Bahrain -- Treasury bills valued at Bahrain Dinar 70 million ($185 million) issued this week by the Central Bank...The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.
The total outstanding value of Government Treasury bills, typically issued with maturities of 91 days, 182 days, and 364 days, is BD 2.110 billion.
DOHA, QATAR - New data from Qatar Tourism (QT) revealed that the country welcomed 253,191 cruise visitors during its 2022-23...Qatar has seen a steady increase in cruise ship arrivals and passenger numbers, and the industry is poised for further growth in the seasons to come.
In 2022-23 season, most cruise passengers originated from Germany (31 percent), Italy (10 percent), Russia (6 percent) and the United Kingdom (3 percent).
- Doha, Qatar--Qatar participated in the 58th regional meeting of director general of customs of the North of Africa, near and...
The meeting of the top officials discussed policy commission, committee membership, and the adoption of the document for the appointment of the techncial attache
The WCO council reviewed customs work, capacity building, rules of origin, valuation, nomenclature and classification, compliance, and trade facilitation
- While the advance by the Wagner mercenary force led by Yevgeny Prigozhin was called off before it reached Moscow, analysts...
The ruble sank to 87 to the dollar -- its weakest level since March last year in the early days Putin's invasion of Ukraine -- as traders reacted to the developments in Russia
Oil prices rose around one percent though with concern about demand owing to rate rises keeping gains limited, while futures for European natural gas jumped more than eight percent
Amman, Jordan--The European Investment Bank (EIB) has approved the provision of $66.52 million for Jordan to upgrade the water supply...EIB said the project will improve the quality of drinking water in the area and reduce the loss of water due to leakage from the major water networks
Late last year, EIB singed a $218 million loan agreement with Jordan to construct a desalination project between Aqaba and Amman, to be completed in 2028
- Cairo, Egypt - The remittances to Egypt, the biggest recipient of such flows in the MENA region, are set to...
Remittances, which amount to billions of dollars, play a crucial role in supporting the national economy
The majority of the remittances sent by the diaspora, half of which lives in GCC nations, go back to Egypt
Tehran, Iran-- The future of relations between Iran and the United Arab Emirates is promising and in line with the...Reza Ameri, Iran's new ambassador to the UAE, noted progress in relations between the two countries after a period of downturn
The UAE and Iran have had discussions to cooperate in political, economic, commercial, consular, cultural and scientific fields
Dubai, UAE-- Dubai Customs has scuttled nearly 2,600 attempts during the last three years to smuggle drugs, combating a concerted...The traffickers attempted to smuggle 36.76 kilograms of marijuana through the airport, and in another seizure a big haul of 75,000 Captagon tablets was seized
Dubai Customs has installed a state-of-the-art system at Jebel Ali Customs Center and TECOM allowing for inspection of large vehicles, yachts and containers
