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
China regulator to ban Evergrande chair from securities market for life
BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...Business Economy Geostrategy
UAE dispatches fresh aid shipment to quake-hit families in Afghanistan
Abu Dhabi, UAE--The UAE has dispatched a plane carrying 38 tonnes of urgent medical and food supplies to Afghanistan to...The food and medical supplies will assist families hit by the earthquake, which has worsened the current humanitarian situation in Afghanistan
During the last few years, the UAE has ramped up its humanitarian assitance to Afghanistan by dispatcing 28 aircraft loaded with 623 tonnes of medical and food supplies
Iraq faces first sandstorm of the year, covering cars, homes in dust
Blanketing central Iraq in dust, the sandstorm made life diffcult on Firday for Iraqis venturing out of their homes. A...By late Friday the storm, driven by westerly winds, moved from Al-Anbar province before reaching Baghdad and Salaheddin province by late Friday
Iraq is listed by the United Nations among the five countries in the world most vulnerable to the impacts of climate change
Ajman, Italian-Czech Chambers discuss investment, business opportunities
AJMAN, UAE - The Ajman Chamber of Commerce and Industry’s (ACCI) discussed with the Italian-Czech Chamber of Commerce in Milan...Ajman Chamber is keen to enhance its international cooperation and diversify its foreign partnerships.
The Chamber discussed the competitive elements provided by Ajman economy and the investment opportunities available.
Dubai International Boat Show highlights local marine industry’s global appeal
DUBAI, UAE -Â Dubai International Boat Show 2023 attracted over 30,000 visitors and industry players from across the globe for...Owners and clients are increasingly interested in innovative technologies that can create a greener yacht.
With brands from 60 countries featured at the show, local manufacturers reported increased business.
Blinken affirms Israel ties, warns on peace after Netanyahu spat
US Secretary of State Antony Blinken called Foreign Minister Eli Cohen and "reaffirmed the importance of the enduring US– Israel...Joe Biden called on Israeli Prime Minister Benjamin Netanyahu to step back from a bid to weaken the judiciary that has set off massive protests
Netanyahu responded that he would not bow to foreign pressure but took a more conciliatory tone when he participated in a democracy summit
Expo 2020 likely to add $42bn to UAE’s economy by 2042: Report
The pre-event phase contributed around one-quarter of GVA, the event itself added almost 13%, while the lion’s share of benefits...The Expo is also expected to support approximately 1,039,000 full-time equivalent (FTE) job years, equal to more than 35,000 FTE jobs per annum.
The global event made history as the first World Expo to be held in the Middle East, Africa and South Asia region and the first to be hosted by an Arab nation.
Japan plans export control measures for chip equipment
TOKYO, JAPAN - Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for...The move to curb export of chip equipment comes as Japan confirmed its top diplomat will visit China this weekend.
As the second- and third-largest economies of the world, China and Japan are key trading partners.
UN agency estimates quake hit 20% of Turkey’s food production
The Food and Agriculture Organization (FAO) said initial assessments in Turkey revealed "severe damage to agriculture, including crops, livestock, fisheries...FAO estimated the quake caused $1.3 billion in damage, through destruction of infrastructure, livestock and crops, and $5.1 billion in losses to Turkey's agricultural sector
The UN's food agency is appealing for $112 million to help quake-affected communities in Turkey, including $25 million under a wider UN appeal issued in February
Egypt raises key interest rates by 200 bps amid soaring inflation
Cairo, Egypt - The Central Bank of Egypt (CBE) raised key interest rates by 200 bps for the first time...The increase is in line with analysts' expectations, who suggested a hike ranging between two and three percent after seeing inflation hit record figures in Egypt
The CBE explained that annual urban headline inflation continued to accelerate to 25.8 percent and 31.9 percent in January and February 2023, respectively
British economy performs better in late 2022: official data
London, United Kingdom--The British economy performed slightly better than previously estimated in the final quarter of last year as it expanded...Initially the UK's Office for National Statistics (ONS) said growth was flat in the October-December period
ONS director of economic statistics Darren Morgan said that the economy performed a little more strongly than previously estimated
