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
UAE ministry of defense, Masdar to set up solar plants in Abu Dhabi
Abu Dhabi, UAE--The UAE Ministry of Defence and Masdar have signed an agreement to develop multi-solar plants across Abu Dhabi.Emerge,...Economy
IMF concerned over public debt in MENA countries
Speaking at the Arab Fiscal Forum in Dubai, the head of the IMF Kristalina Georgieva stated that public debt in...The IMF cautioned last month that economic growth in MENA could slow to 3.2% this year, before ticking up to 3.5% in 2024
She said the region needs to boost its average tax-to-GDP ratio to at least 15% from a current 11%
UN relief chief fears Turkey-Syria quake deaths to top 50,000
UN relief chief Martin Griffiths said the death toll from the massive earthquake will "double or more" from its current...Officials and medics said 24,617 people were killed in Turkey and 3,574 in Syria. The confirmed total now stands at 28,191
Turkey's disaster agency said more than 32,000 people from Turkish organizations are working on search-and-rescue efforts
Arab Parliament ratifies Jordan’s idea on center for food security
Cairo, Egypt--The Arab Parliament on Saturday endorsed a proposal submitted by Jordan's Lower House Speaker Ahmad Safadi, stipulating the establishment...Safadi said Jordan can facilitate and coordinate Arab and international action, and the proposed center would accelerate and enhance the global response to food crises
He underscored the importance of supporting Libya and Yemen, and voiced rejection of all forms of external interference in their affairs
Realty growth in Saudi Arabia, UAE to build on strong private sector and robust spending via govt initiatives
While 2022 saw record levels of demand for commercial office space as a result of ‘Programme HQ’, 2023 looks set...Pent-up demand from travelers and increased spending by residents led the post-pandemic recovery of the real estate sector in Dubai
The post-COVID recovery of the Saudi real estate sector is led by increasing tourist demand and government spending on infrastructure projects
New lab set to make KSA a leader in renewable energy
The Gulf International Laboratory aims to localize industries, enhance local content and build capabilities to boost competitiveness of the Kingdom's...The Gulf International Laboratory aims to localize industries, enhance local content and build capabilities to boost competitiveness of the Kingdom's economy
The laboratory is likely to save more than US$ 266.5 million in the field of testing energy devices by eliminating tests conducted outside Saudi Arabia
Saudi ministry signs MoU with Standard Chartered to boost mining investment
Riyadh, Saudi Arabia – The Saudi Arabia’s Ministry of Industry and Mineral Resources (MIM) and Standard Chartered Bank (SCB) have...The MoU will assess the requirements for sustainable investment in the mining sector in Saudi Arabia as per the objectives of Vision 2030
The deal also aims at promoting knowledge transfer, tech enablement, job creation and implementation of Future Minerals Forum outcomes
DEWA’s R&D Center registers its 7th patent for 3D printing adhesive device
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has announced the registration of a new patent for an adhesive...The device distributes the adhesive material on the 3D printing plate, ensuring that the printed material sticks securely to the build plate.
DEWA's R&D Center is responsible for supporting innovation in all production and operational areas.
Oil rises as Russia cuts output after Western price cap
Brent, the international benchmark, and its US counterpart WTI, which had been down earlier in the day, jumped more than...Russia is part of a 23-nation alliance with the OPEC crude cartel that already agreed in October to reduce output by two million barrels per day until the end of this year
An EU-wide ban on Russia oil products - like diesel, gasoline and jet fuel - came into effect Sunday alongside a Group of Seven (G7) price cap on the same items
OPEC Fund supports critical infrastructure in Africa with $50m loan
The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, trade and to boost access to...The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, trade and to boost access to energy across the African continent
Africa’s economic growth has been slowed by global supply chain disruptions and rising costs in the aftermath of the COVID-19 pandemic
Entertainment may add 4.2% to Saudi GDP by 2030
As the number of companies operating in the industry expected to exceed 2,500, the sector is likely to create 450,000...As the number of companies operating in the industry expected to exceed 2,500, the sector is likely to create 450,000 job opportunities in the Kingdom
Saudi Arabia also seeks to establish and develop recreational areas throughout the country, the most recent of which is the opening of the 'VIA Riyadh'
