Israel's surprise strike against Iranian military and nuclear sites on Friday -- killing top commanders and scientists -- sent crude prices...
Key developments across the Middle East today highlight regional diplomatic, economic and humanitarian trends
Foreign currency reserves, representing 94 percent of total assets, fell nearly 2 percent year-on-year in May to SAR 1.56 trillion...The other major currencies held by Saudi Arabia include euros, Japanese yen, and British pounds. Special drawing rights (SDRs) grew 1 percent YoY.
SAMA uses the country's reserve assets to support the Saudi riyal, to finance the government's budget deficit, and to invest in foreign assets.
St. Petersburg, Russia-- The UAE is seeking to strengthen economic cooperation with many countries in the world in order to...The ruler of Ras Al Khaimah was speaking at the opening session of the St. Petersburg International Economic Forum 2023 as the representative of the UAE
He drew attention of the audience to the efforts being accelerated in the UAE to enhance prosperity and deepen stability, as well as diversify non-oil revenues and investments
"Qatar Tourism is committed to building on the success of the FIFA World Cup 2022 and continuing to promote the...Hosting the FIFA World Cup 2022 contributes to a record-breaking number of tourists visiting Qatar, says Qatar Tourism chief
Qatar Tourism focuses on promoting cultural authenticity, modern infrastructure, and a world-class travel experience, he adds
Doha, Qatar-- In order to remove obstacles facing the gold and jewellery sector in the country, Qatar Chamber has reviewed...The chamber meeting discussed bottlenecks facing the sector and the proposals received by the committee as per the results of a survey conducted last month
In order to develop the sector, the gold and jewellery committee was recently established to address and discuss the issues facing the sector in the country
According to a report by the FAO, the world food import bill is forecast to touch a new record this...The FAO's biannual report warns that the decline in food import volumes is a "concerning development", indicating a decline in purchasing capacity
The report further says that world wheat production in 2023 is expected to drop by 3.0 percent from its all-time high of 777 million tonnes in 2022
- SHARJAH, UAE - The Sharjah Roads and Transport Authority (SRTA) said it transported about 38 million passengers, throughout the year...
The beneficiaries of taxi services and franchise companies within the emirate amounted to 29 million passengers.
The total beneficiaries of bus services amounted to about 5.3 million, with an average of 14,500 passengers per day.
- RIYADH, SAUDI ARABIA - The Zakat, Tax and Customs Authority (ZATCA) has set the criterion for selecting target establishments in...
ZATCA said that it will notify all targeted establishments in preparation for linking the electronic billing systems with the Fatoora platform, starting January 1, 2024.
It stressed that phase II includes additional requirements including issuing E-invoices based on a specific format.
- DOHA, QATAR- The Industrial Production index (IPI) of Qatar for April 2023 reached 106.4 points which is an increase of...
The index of the mining sector showed an increase by 3.2 percent compared to the previous month (March 2023).
For manufacturing the index of this sector showed an increase by 0.5 percent compared to the previous month (March 2023).
ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry...Valeo plans to explore new areas of development by integrating its advanced technologies and its sustainability vision in green cities.
The agreement to design and manufacture electric and autonomous driving car components will improve smart and sustainable mobility.
London, UK--Volume of trade exchanges between the UK and Iraq has exceeded one billion dollars and imports and exports between...The Iraqi-British trade exchange saw huge growth, with the commerce volume crossing one billion sterling pounds, and British exports to Iraq surging by 40 percent
The cooperation between Iraqi and British universities has grown in recent years even as the UK has made investments in the social sector and education in Iraq
