UAE sets innovative media policy to propel the country onto global stage
DUBAI – Sheikh Abdulla bin Mohammed Al Hamed, Chairman of the UAE Media Council (UAEMC), has approved a comprehensive legislative...Economy Tech & Media
Bitcoin surpasses $57,000 as crypto rally remains strong
Dubai, UAE - The price of Bitcoin on Tuesday surged past $57,000, demonstrating the continued strength of the cryptocurrency market...Business Economy
UAE, Morocco discuss ways to boost cooperation in energy, industry
Rabat, Morocco - UAE and Morocco discussed ways of boosting their cooperation and investment opportunities in industry, economy, investments, culture,...The discussion occurred between Sultan Ahmed Al Jaber, UAE's Minister of Industry and Advanced Technology and Aziz Akhannouch, Prime Minister of Morocco.
Al Jaber also held meetings with Riyad Mazour, Moroccan Minister of Industry and Trade, and Leila Benali, Moroccan Minister of Energy Transition and Sustainable Development.
Morocco to deploy football World Cup exploits to make diplomatic gains
Rabat, Morocco--Morocco is hoping its unprecedented World Cup exploits can help it win friends and influence people, especially among an Arab...Support for the Atlas Lions surged as they battled their way to the semi-final of the football World Cup in Qatar -- the first Arab or African team ever to get so far
The kingdom already had a track record of using "football diplomacy" to boost its ties with African countries, signing at least 30 cooperation deals with other federations
National banks’ financing of trade, industry sectors totalled $10bn in 9 months: CBUAE
The statistics showed that the cumulative balance of credit provided by national banks to the trade and industry sectors reached...The statistics showed that the cumulative balance of credit provided by national banks to the trade and industry sectors reached $196 billion at the end of August
According to the central bank’s data, the cumulative balance of credit provided by national banks to the two sectors increased annually by 4.83 percent
German consumers look to 2023 with upbeat mood
A survey undertaken in Germany has revealed that consumers are heading into 2023 feeling upbeat as government interventions take some...The more upbeat mood comes as energy prices have eased off after hitting record highs in the wake of Russia's war in Ukraine
The influential IfW Kiel institute has even predicted that the economy would dodge a recession altogether due to the government relief measures
Countries pledge to support Iraq’s ‘stability’ at Jordan summit
Iraq has been caught for years in a delicate balancing act between its two main allies, the United States and...The "Baghdad II" meeting in Jordan, which also included officials from France and the European Union, followed an August 2021 summit in Iraq's capital
King Abdullah II emphasized Iraq's pivotal role in maintaining regional stability, while Egyptian President emphasized his country's rejection of all foreign interventions in Iraq
Gas giant Algeria slams EU gas price cap
Algeria "doesn't support the idea of limiting prices", Energy Minister Mohamed Arkab said, speaking a day after EU energy ministers...The EU price cap, agreed Monday after months of negotiations, will apply from February 15 and run for a year
EU countries are worried that they will have a hard time filling gas storage tanks in time for next winter
GCC cautious as more cyber attacks feared in 2023
Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success...Increased use of cloud-based apps and software has been observed in the GCC due to the businesses undergoing digital transformation
Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts
US plans new Israel-Arab meeting, hopes for Netanyahu restraint
WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it...Benjamin Netanyahu is set to take office with the most right-wing government in Israel's history.
A senior US official said the United States plans a meeting "probably in the first quarter" of 2023 of foreign ministers from the Negev summit in March.
Qatar’s Industrial Production Index rises 2.5 percent in October
Doha, Qatar – Qatar’s Industrial Production Index (IPI) rose by 2.5 percent in October 2022, compared to the corresponding month...The manufacturing groups which registered a rise include chemicals and chemical products by 1.8 percent, beverages (1.4percent).
In the electricity, gas, supply sector, a decrease of 3 percent was noticed in the production of electricity between October 2022 and September 2022.
Nearly 2,000 business executives attend World Corporate Summit in Dubai
DUBAI, UAE - Nearly 2,000 global business executives and investors attended the World Corporate Summit in Dubai to share in...The business leaders were also building partnerships with over 100 roundtables, 20 networking sessions.
The summit took a 360-degree view at ways to improve the world economy.
