Riyadh, Saudi Arabia -- The International Monetary Fund (IMF) has revised upwards its forecast for Saudi Arabia's economic growth to...
Paris, France -- Social media can push vulnerable young people towards developing eating disorders by glorifying thinness and promoting fake,...
Abu Dhabi, UAE - The balance sheet of the Central Bank of the UAE (CBUAE) surpassed AED594 billion ($161 billion)...The apex bank said that its balance sheet grew by 5.3 percent on a monthly basis to $161.23 billion at the end of March 2023
The bank's balance sheet increased YoY by the equivalent of $21.3 billion, from about $139.82 billion in March 2022
Erdogan was sworn in on Saturday after winning a historic election runoff on May 28 and named a new cabinet...The currency, which was propped up by the central bank before the presidential election, fell seven percent to 23.17 lira per dollar.
Guldem Atabay, an economist, said the lira's decline showed a decrease in costly interventions in the foreign exchange market by the central bank.
The Kingdom has the highest economic growth among the G20 countries in 2022, driven by strong oil production and non-oil...The Kingdom has the highest economic growth among the G20 countries in 2022, driven by strong oil production and non-oil sector growth, says the latest IMF report.
Historically low unemployment due to increased labor force participation and expatriate worker rebound, while low inflation is aided by subsidies and a strong US dollar.
Doha, Qatar-- Rich Qataris are pouring millions of dollars into the country's luxury real-estate market, with residential sector and office...Knight Frank, in partnership with YouGov, looked into the investment pattern of rich individuals in Qatar, with a net worth in the region of US$155 million
The respondents in the survey showed a preference for investment in the residential sector at 37 percent, followed by the office sector at 33 percent
"Food safety is a main pillar of our strategy to achieve national food security. The Ministry has outlined its vision...UAE Minister of Climate Change and Environment, Mariam bint Mohammed Almheiri, emphasizes the prioritization of food safety in the National Food Security Strategy
Almheiri also highlights the importance of global food safety standards and the urgent need for worldwide frameworks to enhance these standards
Abu Dhabi, UAE-- Abu Dhabi has succeeded in curbing the use of plastic bags by around 95 percent since the...Nearly three years back, EAD brought in the single-use plastic policy with the aim of lowering the dependence on plastic items and promoting sustainability and recycling
According to EAD, the carbon footprint of the amount of plastic eliminated is equivalent to 272, 000 tonnes of CO2, which means saving emission from 629,000 barrels
Tehran, Iran-- With the restoration of diplomatic ties between Iran and Saudi Arabia, the talk in government circles in Tehran...A media outlet thought to be close to the Iranian security establishment tweeted that Iran could expand its relations with Saudi Arabia to the nuclear realm
The tweet said that Iran could transfer its "experiences and achievements" to Saudi Arabia in compliance with international laws and under the IAEA supervision
Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) board of birectors has approved a proposal to exempt companies wishing to...The SCA's decision corresponds with the UAE's agenda to achieve the objectives of sustainable development in relation to economic growth
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry, said the world as a whole needs to do more to advance sustainability in the financial space
A consortium of companies, Masdar, Infinity Power and Hassan Allam Utilities have signed an agreement with Egypt to build a...The wind farm will enable Egypt meet its strategic objective of sourcing 42 percent of its energy from renewables by 2030
The project will help Egypt bring down annual carbon emissions by 9 percent, displacing 23.8 million tonnes of carbon dioxide annually
- Italian Prime Minister Giorgia Meloni said Rome backed efforts to secure an IMF bailout for Tunisia and support to tackle...
The IMF has called for legislation to restructure over 100 state-owned firms, which hold monopolies over many parts of the economy.
Tunisia is struggling under crippling inflation and debt estimated at around 80 percent of its gross domestic product.
