Residential demand buoyed Qatar’s property sector in 2023
Doha, Qatar - Residential demand continued to buoy the country's property sector in Q4 2023, hapondo, a homegrown property portal,...Economy
Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn
AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...Business Economy Global
WHO using Syria sanctions pause to ship in health supplies
The massive 7.8-magnitude tremor on February 6 has killed more than 42,000 people in Turkey and more than 3,600 in...The WHO said it was capitalizing on the suspending of sanctions to carry out some rapid procurement and revitalize Syria's shattered health services
The UN health agency called on Syria's warring factions to see the earthquake as an opportunity to end the civil war for good
UAE-Azerbaijan trade advances significantly: Envoy
The bilateral ties between the two countries were further strengthened after the inauguration of the UAE Embassy in the Azeri...The UAE and Azerbaijan have deep-rooted ties and are keen to expand their bilateral trade, says envoy Mohammed Murad Al Balushi
The bilateral ties between the two countries were further strengthened after the inauguration of the UAE Embassy in Baku in 2011, he adds
Dubai housing boom buoys buyers, burdens tenants
Dubai, renowned for its towering skyscrapers and ultra-luxury villas, saw record real estate transactions in 2022, largely due to the...Property prices in the prime locations of Dubai have jumped by 44 percent in 2022 compared with the year before, said real estate consultancy Knight Frank
Russians, fleeing the impact of sanctions after their country's invasion of Ukraine. were the biggest foreign buyers on Dubai's property market last year
Non-oil trade between Saudi Arabia and UAE up 9 percent in 2022
Abu Dhabi, UAE – The non-oil trade between the UAE and Saudi Arabia in 2022 increased by 9 percent, reaching...Over the period of 2013-2022, non-oil trade between the two countries increased by 70 percent.
Raw gold topped the list of the top five commodities exported from the UAE to Saudi Arabia in 2022, valued at AED8.7 billion.
Asian markets drop as traders contemplate higher-for-longer rates
All three main indexes in New York plunged at least two percent Tuesday, with forecast-beating purchasing managers index data showing...Traders are now awaiting the release of minutes from the Fed'slatest policy meeting hoping for an idea about officials' views on how much and how far to lift borrowing costs
Adding to the dark mood were downbeat 2023 projections from retail titans Walmart and Home Depot, who noted the impact of inflation and higher interest rates on consumer health
Centuries-old 77 stolen antiquities to be returned to Yemen
Washington, United States--The United States has returned 77 looted antiquities to Yemen, US authorities said Tuesday, adding the objects would be...New York state's justice department has been carrying out a vast campaign for several years to restore antiquities looted around the world
The Yemeni government and the museum have signed an agreement to preserve the objects for two years, with the option of renewing it at Yemen's request
Qatar-US trade exchange hits $9.46bn: Qatari official
Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856...Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856 US companies operate in the Qatari market
He pointed out that the World Bank expected Qatari economy to grow by 3.4 percent in 2023, and highlighted the international rating agencies' positive outlook for the country
Syrian family adopts ‘miracle baby’ born under rubble in quake
Jindayris, Syria--Born an orphan under the rubble in north Syria after a devastating earthquake, Afraa al-Suwadi has been given a new...Suwadi's story has captivated a grieving nation and made international headlines as Syria's "miracle baby"
Relatives had pulled her from the wreckage still tied to her deceased mother by the umbilical cord
GCC will be least hit by recession: WEF’s MENA head
In 2023, some Middle Eastern economies appear to be more resilient than most developed markets, Maroun Kairouz, Director for MENA...In 2023, some Middle Eastern economies appear to be more resilient than the most developed markets, Maroun Kairouz, Director for MENA at the World Economic Forum, tells TRENDS
During the global crisis of 2007 and 2008, all western leaders knocked on the doors of GCC sovereign wealth funds because those are the pools of long-term capital, he adds
RAKEZ supports F&B industry investors to set up, expand in UAE
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) is participating in the Gulfood exhibition to showcase its...With an aim to promote the F&B industry, RAKEZ regularly participates in the annual Gulfood exhibitions.
RAKEZ supports investors to gain a foothold in the local, regional and global markets through its business ecosystem.
