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
Tunisian economic crisis mutes build-up to Ramadan
Tunisians usually prepare for Ramadan -- when daytime fasting is followed by festive but often costly meals with family and...Economy
AGFUND to support UNICEF’s drive to contain spread of cholera in Lebanon
Riyadh, Saudi Arabia--The Arab Gulf Program for Development (AGFUND) will support UNICEF with funding in order to contain the spread...An agreement was signed in Riyadh by Prince Abdulaziz bin Talal bin Abdulaziz, Chairman of the Board of Directors of AGFUND, and UNICEF Regional Director Adele Khodr
The new cooperation includes the establishment of the Center of Excellence for Early Childhood Development, based in Riyadh
Dubai Government repays $1.08bn worth of Sukuk
The Government also prepaid an additional US$300 million of Sukuk through an early redemption, almost four years ahead of its...The Government also prepaid an additional US$300 million of Sukuk through an early redemption, almost four years ahead of its maturity in November 2026
The Public Debt Management Office said that the Government has fully redeemed the Sukuk through the settlement of payable amounts, including accrued profits, to the investors
Saudi Arabia, Costa Rica to expand trade and investment ties
Riyadh, Saudi Arabia-- Saudi Arabia and Costa Rica have signed agreements to increase the volume of trade and investment between...Saudi Chambers and the Costa Rican Export Authority signed two agreements in the field of economic cooperation and the establishment of a joint business council
Saudi Chambers Vice President Badr bin Suleiman Al-Ruzaiza said there has been a steep growth of 59% in the volume of trade exchange between the two countries
Qatar, UAE lead Gulf region in governance, growth
TRENDS tries to look at where Arab countries stand in terms of politics, governance and economies, in the latest the...TRENDS tries to look at where Arab countries stand in terms of politics, governance and economies, in the latest the Bertelsmann Stiftung’s Transformation Index
In past 10 years, the quality of democracy has declined in nearly one in five democracies, including in regionally important and once-stable democracies, the index points out
PwC, Microsoft expand partnership for digital transformation in Saudi Arabia
DUBAI, UAE - PwC Middle East and Microsoft have strengthened their global partnership at LEAP event in Riyadh, to support...The collaboration will focus on cloud transformation, business process automation and technology consulting.
The partnership aims to strengthen businesses by providing access to cloud services that are scalable and secure.
DIFC achieves high growth in 2022, driven by fintech, innovation
DUBAI, UAE - Dubai International Financial Center (DIFC) continued to grow at a record-breaking pace in 2022 with the number...New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the first time in the Center's history.
In 2022, DIFC’s combined revenue exceeded US$272 million for the first time.
Lebanon’s central bank chief not to renew his term
Riad Salameh, who became the head of the central bank in 1993, has come under increased scrutiny both at home...Salameh, who became the head of the central bank in 1993, has come under increased scrutiny both at home and abroad
The collapse has locked most savers out of their bank accounts and pushed more than 80 percent of Lebanon's population below the poverty line
Algeria allocates $1 billion for development projects in Africa
The decision of the Algerian President was announced in a speech read by Prime Minister Aimene Benabderrahmane at the annual...Tebboune said the agency's approach was based on Algeria's conviction that "security and stability in Africa are linked to development
Algerian Agency of International Cooperation for Solidarity and Development would coordinate with African nations seeking to benefit from the initiative
Oil prices little changed in early Asian trade
The benchmarks closed lower by about 4 percent last week after the United States reported higher crude and gasoline inventories.The benchmarks closed lower by about 4 percent last week after the United States reported higher crude and gasoline inventories
US also announced plans to release 26 million barrels of crude from the Strategic Petroleum Reserve which could lead to higher stockpiles at Cushing, Oklahoma
Sharjah Electricity, Water and Gas Authority installs 23,000 smart meters
Sharjah, UAE--Sharjah Electricity, Water and Gas Authority (SEWA) has completed the installation of 23,000 new smart meters in 2022 and...The new smart meters apart from being accurate give accurate readings free from errors, as well as rationalising energy consumption
Dr. Hassan Al Zarouni, Director of the Electricity Distribution Department, said the installation of smart meters is part of the strategy towards digital transformation
