Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...Business Economy Global
Gold hovers near a month high on slowing US inflation
ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...Business Economy
Aldar, Diamond Developers launch sustainable city project in Abu Dhabi
The project is underpinned by a central green spine that runs the length of the community, featuring parks, lakes, and...The project is underpinned by a central green spine that runs the length of the community, featuring parks, lakes, and biodomes
Available for buyers of all nationalities, Yas Island will feature condominiums and townhouses located in 10 intimate clusters
SEWA announces 149% rise in emiratisation in engineering jobs
The company revealed its plan to raise the Emiratisation percentage to 73 percent of the total engineering jobs by the...The company revealed its plan to raise the Emiratisation percentage to 73 percent of the total engineering jobs by the end of 2023
It plans to employ 170 jobseekers from the emirate, including 130 national engineers, and 40 for administrative positions
Iraq looks to make football comeback with Gulf Cup
Basra, Iraq--Iraq on Friday welcomed football teams from across the region for the Gulf Cup, ending nearly three decades of...The tournament in the southern city of Basra brings together eight teams, with Friday's opening match seeing the host nation take on Oman
Tournament organizers have undertaken major infrastructure projects to help Iraqis forget their years in the football wilderness
US job gains robust in December as wage growth slows
While a strong labor market may fuel optimism that the world's biggest economy can stave off a major downturn despite...Overall, employers added 223,000 workers, down from the revised 256,000 figure in November, though still higher than analysts expected
Unemployment has hovered between 3.5 percent and 3.7 percent in recent months, and the latest figure is the lowest since February 2020
Sustainable innovations to help Gulf industries reduce CO2 emissions, says report
Seven industries - advanced manufacturing services, retail, banking, energy, healthcare, consumer products, and automotive - are poised to be the...Seven industries - advanced manufacturing services, retail, banking, energy, healthcare, consumer products, and automotive - are poised to be the key gainers, says a report
Banks can influence how companies and consumers act, invest, and address their environmental obligations through their product offerings, highlights the Bain & Company
Jordan imported 3.65m barrels of Iraqi oil from September 2021 to December 2022
AMMAN, JORDAN -Â Jordan's total imports of Iraqi oil between September 2021 to December 2022 amounted to 3.65 million barrels,...The Jordanian Minister said that the Kingdom purchases Iraqi crude oil to meet part of its annual oil needs at a rate of 10,000 barrels per day.
As per the MoU, the Kingdom provides basin tanks for transporting crude oil from the Kirkuk depot in Iraq to the Jordanian oil refinery in Zarqa.
GCC stocks end the week in decline after a few days of gain
Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC...Despite declines in oil and financial firms, the Saudi stock index closed Thursday (January 5, 2023) slightly up.
On Monday (January 2, 2023), the First Abu Dhabi Bank contributed to a 0.6 percent point increase in the Abu Dhabi Securities Exchange index.
Stocks mostly rise ahead of key US jobs data
Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone....The Fed along with central banks worldwide last year kickstarted a string of aggressive rate hikes to battle decades-high inflation.
Official data showed that annual inflation in the eurozone dropped for a second month in a row, to 9.2 percent in December.
World food prices hit record high in 2022, rice becoming costlier
Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of...FAO price index, which tracks the monthly change in international prices of a basket of food commodities, fell to 132.4 points in Dec, a 1.9 percent drop from Nov.
But the index was 14.3 percent higher overall in 2022 compared to the previous year as it reached an all-time high of 143.7 points.
DEWA wins award at Global Excellence Assembly Awards 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded  with the Global Excellence Assembly Awards 2022, based...DEWA is the only entity worldwide to win this category in the second round of the award this year.
DEWA scored 94 percent in the evaluation conducted by the International Council of Excellence according to the Baldrige model.
