UAE construction market soars to $94bn in 2023
Abu Dhabi, UAE--The UAE construction market size was $94 billion in 2023 and the market will achieve an AAGR of...Business Economy
Iran agricultural, food exports hit US$5.5bn in 11 months
TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products...Economy Geostrategy Global
Iraq’s Tigris, Euphrates rivers plummet as water crisis looms
NASIRIYAH, IRAQ - Iraq's Tigris and Euphrates rivers have witnessed a sharp decrease in their levels in the south of the...In Nasiriyah, capital of the southern province of Dhi Qar, an AFP photographer saw the river bed of the mighty Euphrates dry in patches.
The water ministry blamed the situation in some southern provinces on "the low quantity of water reaching Iraq from neighboring Turkey".
Jordan, UAE, Egypt, Bahrain announce joint industrial projects totaling $2bn
Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion...The projects are expected to generate 13,000 direct and indirect job opportunities and add US$1.6 billion to the GDPs of the four countries.
Jordan Minister Yousef Shamali opened the meetings by praising the partnership as a model of a coordinated Arab effort.
SAIF Zone Al Ansari Exchange ink pact, offer new payment service
SHARJAH, UAE - The Sharjah Airport International Free Zone (SAIF Zone) has signed a cooperation agreement with Al Ansari Exchange,...The pact will allow SAIF Zone’s investors and clients to pay fees at any of Al Ansari Exchange's over 230 branches across the UAE.
The signing ceremony was attended by a number of managers and senior officials from both sides.
Trade restarts as key Afghan border crossing with Pakistan reopens
The crossing was closed last Sunday by Afghan authorities, who objected to what they said were new documentation rules restricting...Torkham border crossing was reopened at 6 am on Saturday, Afghan customs official Muslim Khaksar said at the site in Afghanistan's eastern Nangarhar province
On Saturday, people attending to patients were allowed to enter Pakistan after showing their Afghan identity cards, the Pakistani customs official said
Experts reassure Istanbul not at heightened risk of earthquake
Istanbul, Turkey--Fears of another major earthquake have been rekindled in Istanbul since the February 6 disaster that hit Turkey and...The 16 million residents of Istanbul, a city that spreads over two continents and has seen skyscrapers mushroom in recent years, are wondering if they're ready for the "Big One"
The early warning could win "a maximum of seven or eight seconds" -- not enough time to allow inhabitants to get to safety
UAE donates 10 ambulances to Syria for relief efforts after quake
Abu Dhabi, UAE--The UAE has presented Syria with 10 state-of-the-art ambulances, as part of Operation Gallant Knight 2 and the...The initiative is part of a continuation of the UAE's humanitarian support for the Syrian people in the wake of the powerful earthquake
Dr. Salem Al Falasi said the UAE continues to support Syria's health sector, as part of Operation Gallant Knight 2, and to identify and meet the needs of Syrian hospitals
In new mass rally Israelis protest against judicial reforms
Israeli media reported the crowds were again in the tens of thousands, after lawmakers this week took a step towards...Netanyahu has presented the judicial reforms as key to restoring balance between the branches of government, arguing judges currently have too much power over elected officials
Another element of the reforms would give the 120-member parliament the power to overrule Supreme Court decisions with a simple majority of 61 votes
UAE and Algeria seek to expand economic cooperation
Abu Dhabi, UAE--The 15th session of the joint UAE-Algeria Economic Committee has been held in Abu Dhabi under the chairmanship...Non-oil trade between the two countries has grown from $701 million in 2020 to around $800 million by the end of 2022
The UAE is one of Algeria's major Arab trading partners in 2021, accounting for nearly 20% of Algeria's trade volume with Arab countries
‘KSA bets big on technology and AI, makes global supply chain excellent’
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef highlighted his ministry’s role in the country’s development in...Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef highlighted his ministry’s role in the country’s development in a interview with TRENDS at DAVOS 2023
‘As for our industry, we have certain programs to train young people and make our new investments more and more technology-based,’ says the Saudi minister AlKhorayef
Masdar unveils 200MW Solar Park in Jordan
Amman, Jordan - The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s world-leading renewable energy company, Masdar,...The Baynouna Solar Park produces over 560 gigawatt-hours (GWh) of energy annually – enough to power 160,000 homes
The plant also displaces 360,000 tons of carbon dioxide per year, equivalent to taking nearly 80,000 cars off the road.
