Saudi Arabia to donate US$40m for UN agency in Gaza
The funds, according to the King Salman Humanitarian Aid and Relief Centre (KSrelief), would support UNRWA's "humanitarian relief efforts in...Business Economy
Date palm cultivation in AlUla sees increased productivity
AlUla, Saudi Arabia - Date palm cultivation in AlUla governorate has witnessed a significant increase in productivity this year, with...Economy
DEWA, Siemens Energy discuss enhancing cooperation
DUBAI, UAE -Â MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation...DEWA is implementing clean and renewable energy and water desalination projects.
The firm attaches great importance to research in sustainable and renewable energy.
Global equities wobble as US data raises recession fear
London rose but Frankfurt and Paris slipped in muted trade during a holiday-shortened week, while Asian indices slipped lower. "Markets...On Wall Street, the Dow eked out a modest gain but the S&P 500 and Nasdaq both fell as more data added to recession concerns
Gold price, considered a safe bet in times of economic crisis, lingered above $2,000 level, not far from a record $2,075.47 set in August 2020
Qatar Financial Centre, ILO collaborate to promote ‘decent labor standards’
Doha, Qatar - The Qatar Financial Centre (QFC), a leading onshore financial and business center in the region, has partnered...The ILO-Qatar is cooperating with the Ministry of Labor to enhance the implementation of the labor law across industries in the country
Speaking about the event, senior QFC official Luigia Ingianni said that promoting decent work for all is one of the core values of the QFC
This March sets a temperature record for second-warmest month ever
Paris, France--Earth had its second-warmest March on record with Antarctic sea ice shrinking to its second-lowest extent, the EU's climate...A report from the Copernicus Climate Change Service said temperatures were above average over southern and central Europe and below average over most of northern Europe
Climate scientists have been warning that global warming is causing sea ice to decline and sea levels to rise, and that dangerous tipping points could be reached
French, EU leaders to push China for active role in Ukraine peace process
Beijing, China--French and EU leaders will on Thursday seek to make Europe's case for bringing an end to the conflict in...The visiting French President Emmanuel Macron said that China had a "major role" to play in finding a path to peace in Ukraine
In a meeting with Chinese Premier Li Qiang, Macron highlighted the importance of dialogue between China and France
Saving behavior in the UAE jumps as National Bonds hit 15% growth in 2022
Dubai, UAE - National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment...The strong growth in 2022 was attributed to several pioneering ideas and solutions, such as the Golden Pension Plan, Global Savings Club, and Sukuk Al Waqf
The Golden Pension Plan leverages the financial solutions provided by National Bonds to residents, to meet the demand from both employers and employees
Smart drive: Saudi Arabia aims to include 15% autonomous cars in public transportation by 2030
Smart mobility solutions like self-driving cars, shared mobility, and adaptive traffic lights are set to transform Saudi cities, which are...Smart mobility solutions like self-driving cars, shared mobility, and adaptive traffic lights are set to transform Saudi cities, which are focusing more on autonomous technologies
Innovative technologies are expected to save commuters in large cities with extensive public transportation up to 15 minutes per day, latest reports suggest
UAE Unemployment Insurance Scheme subscribers exceed 1m
DUBAI, UAE - Â UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one...The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector.
The scheme provides low-cost job security net that supports the career path and living stability of employees in the UAE.
Fitch upgrades Saudi Arabia’s rating to A+ with Stable Outlook
Dubai, UAE -- Fitch Ratings has recently upgraded its Saudi Arabia’s rating to 'A+' with a Stable Outlook.The agency indicated...The upgrade reflects the kingdom's strong fiscal and external balance sheets with large sovereign net foreign assets, Fitch said.
The kingdom will continue to progress with fiscal, economic and governance reforms, the agency added.
Jordan’s $1.25 billion Eurobonds oversubscribed six times
Dubai, UAE – Jordan’s Ministry of Finance and Central Bank Wednesday said they have completed the issuance of $1.25 billion...The kingdom's finance ministry reduced the coupon rate by 25 basis points from 2022's issue of 7.75 despite the US Federal Reserve raising interest rates seven times since.
Jordanian media reports said the number of subscribers exceeded 230, including some of the largest global investment houses.
