US consumer inflation in Feb up as Federal Reserve mulls rate cut
The annual consumer price index (CPI) came in at 3.2 percent last month, the Labor Department said, while the "core"...Economy
$2bn earmarked for Saudi real estate by Muslim global HWNIs
Riyadh, Saudi Arabia - Muslim global high net worth individuals (HNWI) are prepared to spend US$ 1.96 billion on real...Economy
Dubai Land Department launches new feature to streamline procedure
DUBAI, UAE - The Dubai Land Department (DLD) has launched the Instant Sale feature, which utilizes smart evaluation technology in...The aim of the new feature is to streamline procedures and improve the experience of DLD's customers.
The feature requires all parties to be present at the real estate registration trustee office to sign contracts.
UAE, Oman agree to cooperate on development, environmental protection
Dubai, UAE-- The UAE and Oman have signed an agreement to enhance cooperation in order to preserve environment and encourage...Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, paid a visit to Oman to enhance cooperation in fish farming and achieving net-zero targets
Almheiri said that the UAE seeks to encourage the implementation of eco-friendly solutions to address environmental challenges
Egypt’s foreign reserves rise $128m in February
Cairo, Egypt - Egypt’s foreign exchange reserves rose $127.9 million by the end of February to $34.352 billion, compared to...Foreign currencies in Egypt’s foreign reserves include the US dollar, euro, Australian dollar, Japanese yen and Chinese yuan
Egypt's economy has come under pressure over the past year, with the Egyptian pound tumbling and foreign currency drying up
Poor nations’ leaders unleash anger and despair at UN summit
The opening day of general debate at the once-in-a-decade summit saw no major announcement of desperately needed cash - apart...Many made pointed calls for the developed powers to come good with billions of dollars of promised aid to help them escape poverty and battle climate change
Central African Republic's president told the UN Least Developed Countries meeting in Doha that his resource-rich but impoverished nation was being "looted" by "Western powers."
‘UAE’s economy sees fastest growth in over a decade’
The UAE has utilized advanced technologies to develop capacities and meet the growing demand in these sectors. Additionally, the country...The ambitious economic initiatives and programs launched by the UAE in the past few years aim to enhance the country's capacity to address new economic concepts
The Gulf country has adopted economic diversification policies that move away from oil, providing sufficient flexibility to address current economic challenges
Saudi EXIM, SINOSURE ink MoU
Pact is likely to help enhance Kingdom's non-oil exports.The agreement was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh
It aims at knowledge exchange, finance and investment opportunities in Saudi Arabia and China
UNCTAD rallying global action to assist 46 least developed countries
UNCTAD’s Secretary-General Rebeca Grynspan and Deputy Secretary-General Pedro Manuel Moreno will lead the organization’s delegation to the fifth UN conference...UNCTAD is calling for effective debt relief and international support to build stronger productive capacities.
Least developed countries are the most vulnerable economies in the world, accounting for only 1.3 percent of global GDP.
Egypt arrests 29 over alleged online crypto scam
Cairo, Egypt - Egyptian authorities have detained 29 people, including 13 foreigners, accused of running an online cryptocurrency scam that defrauded...The scheme promised large profits from crypto-currency mining and trading services, for fees charged at an attractive foreign exchange rate.
The network pocketed about US$620,000 at the expense of its victims in the country now battered by an economic crisis and rapid inflation.
Tough laws, quotas may plug GCC gender gap
Despite being the most educated demographic, women in the region have the lowest employment rates. it is crucial to incorporate...Experts say that at this pace, it will take Middle East and North Africa region more than 142 years to bridge the gender gap.
While more companies are paying closer attention to Diversity, Equity and Inclusion issues persist in the GCC region.
Satellites could beam poorest nations out of digital desert
At the moment just 36 percent of the 1.25 billion people in the world's 46 poorest countries can plug into...The divide has been a key complaint at a UN summit in Doha, where UN chief Antonio Guterres told their leaders that "you are being left behind in the digital revolution".
The launch of thousands of Low-Earth Orbit satellites could bring speedy change and boost African hopes, tech experts promised at the Doha summit.
