Jafza reports 28% year-on-year growth in 2023 of new Indian companies
DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the...Business Economy Geostrategy
A greener globe requires a greener industry, says Chinese industry leader
Beijing, China-- A greener globe requires a greener energy industry, which could definitely be represented by new quality productive forces...Economy
Israeli government approves 2023-2024 budget
Israel's government approved the 2023-2024 budget against the backdrop of economic uncertainty linked to controversial judicial reforms advanced by the...Netanyahu's coalition government pushed on in parliament this week with its judicial reforms, which it says are designed to limit overreach.
Parliament must still vote to adopt the fiscal measures.
Expo Center Sharjah wraps up successful Paper One Show
SHARJAH, UAE - Expo Center Sharjah (ECS) wrapped up the eighth edition of Paper One Show on a high note.The...The exhibition managed to cement Sharjah's leading position as one of the key regional events specialized in the paper industry.
There was an increase of 60 percent in the exhibition over the previous edition in the number of participating companies.
UAE, Algerian ministers discuss enhancing bilateral cooperation
ABU DHABI, UAE - UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian...UAE, Algerian ministers reviewed ways to advance cooperation in areas that contribute to sustainable economic growth.
The two ministers discussed UAE's hosting of the 28th session of the Conference of the Parties (COP 28) this year.
Qatar’s 2022 budget surplus grows 5462%
The surplus for Q4 2022 was 3.18 billion, compared to a deficit of $0.90 billion in the same quarter of...The surplus for Q4 2022 was 3.18 billion, compared to a deficit of $0.90 billion in the same quarter of 2021
Total revenues for the quarter came in at$18 billion, compared to $14 billion in the same period last year
EU eases Syria sanctions to speed up quake aid
The EU measure will last for six months and was taken "in view of the gravity of the humanitarian crisis...Aid organizations will no longer need to seek permission from EU member state governments before sending supplies to sanctioned entities in Syria
EU pointed out that it and its member states have contributed a total of $26 billion to Syria and to refugee-hosting neighbors such as Turkey since 2011
Qatar’s 2022 budget records surplus of US$24.45bn
At the time of the approval, the budget was estimated to hit a deficit of QAR 8.3 billion. "The deficit...Qatar's budget surplus for Q4 of 2022 (October to December) was QAR11.6 billion, compared to a deficit of QAR3.3 billion in the same quarter of 2021
Total revenues for the quarter came in at QAR 65.1 billion, compared to QAR51.5 billion in the same period of last year
UAE, Egypt, Jordan, Bahrain to announce joint industrial projects worth millions of dollars
The third meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development will take place in Jordan's...The third meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development will take place in Jordan's capital Amman
The member states will collaborate to grow their respective industrial sectors by integrating resources and industries and leveraging competitive advantages
Gulf Common Market moves ahead with new tracks
New tracks have been launched in the Gulf common market to supplement the 10 current tracks. The bloc also seeks...New tracks have been launched in the Gulf Common Market to supplement the 10 current tracks. The bloc also seeks collaboration with the private players in the region
The "third phase" of the statistical survey was also reviewed during the meeting to assess the implementation of the GCC Common Market plans on the ground
Turkey slashes borrowing rate to press quake recovery
Turkey was already battling runaway inflation and relying on wealthy allies to keep its economy afloat when the massive earthquake...A prominent business group has estimated there was some $84 bn in quake damage, but estimates from other experts are more conservative, putting the total closer to $10 bn.
When the quake hit, Turkey's official annual inflation rate had slowed to 58 percent from a two-decade high of 85 percent last year.
Renewables investments record high in 2022, but need massive increase
A report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), said although global investment in renewable...The report emphasizes how lending to developing countries looking to deploy renewables must be r highlights the need for public financing to play a much stronger role.
Achieving an energy transition in line with the 1.5°C Scenario also requires the redirection of $0.7 trillion per year from fossil fuels to energy-transition related technologies.
