Arab League organizes workshop to discuss BRICS role in MENA region
Cairo, Egypt--The Arab League (AL) on Sunday organized a workshop in Cairo to discuss the role of BRICS for African...Economy
Morocco aims to increase exports by 12% in 2024, says kingdom’s trade minister
Dubai, UAE-- Morocco hopes to increase its exports by 12 percent this year, according to the kingdom's minister of industry...Economy
FIFA Cup helps Qatar, Egypt warm up bilateral ties
The two countries explore areas of joint cooperation to strengthen political, economic, investment and trade relations.The two countries explore areas of joint cooperation to strengthen political, economic, investment and trade relations
Both seek to boost coordination of parliamentary positions between the two councils in regional and international forums
France and Morocco mend ties after visa spat
RABAT, MOROCCO - France and Morocco announced Friday they were mending fences after months of tensions over visas, and said President...Speaking in Rabat alongside her Moroccan counterpart, French Foreign Minister said it was time to "write a new page together".
French President Emmanuel Macron and Morocco's King Mohammed VI spoke by phone after their countries' dramatic World Cup semi-final clash.
Stocks markets, oil prices extend losses as experts warn of stagflation
After a healthy rally in recent weeks fuelled by signs that price rises were slowing, the US Federal Reserve, European...While inflation in most countries has started coming down -- helped by a drop in energy costs -- it remains at multi-decade highs.
And observers have warned that economies could be heading for a period of stagflation where prices keep rising but growth stalls.
Dubai tourist arrivals vault 134% from Jan to Oct
Dubai’s hotel inventory in October 2022 comprised 144,737 rooms at 790 hotel establishments compared with 122,185 rooms available at the...Dubai’s hotel inventory in October 2022 comprised 144,737 rooms at 790 hotel establishments compared with 122,185 rooms available in October 2019
UAE Tourism Strategy 2031 seeks to attract AED100 billion in additional tourism investments and 40 million hotel guests by 2031
Qatar’s budget surplus exceeds $21bn in 9 months
The surplus is mainly due to control over expenditures and the rise in revenues with the recovery in oil prices.The surplus is mainly due to control over expenditures and the rise in revenues with the recovery in oil prices
The data also showed an increase of 26 percent in revenues and 0.78 percent in expenditures in the third quarter
EU adopts global minimum 15% tax on multinationals
Emmanuel Macron said France had been pushing the idea for more than four years. The global minimum tax is only...The landmark agreement between nearly 140 countries is intended to stop governments racing to cut taxes to lure the world's richest firms to their territory
The plan was drawn up under the guidance of the Organization for Economic Cooperation and Development and already had the backing of Washington
With growing trade, energy ties, Germany and UAE look forward to hydrogen future, says envoy
“The UAE is Germany's most important trading partner in the region, with German exports to the UAE totalling US$8.4 billion...Beside growing trade, cooperation in decarbonization to tackle climate change opens an opportunity for Germany and the UAE to look forward to a hydrogen future, says German envoy
The UAE is Germany's most important trading partner in the region, with German exports to the UAE totalling US$8.4bn in 2021, says German Ambassador to the UAE Alexander Schönfelde
Stocks sink globally as central banks hike rates, data fan recession fears
Global stocks sank as central banks hiked interest rates again and signaled they needed to go higher to tame inflation....ECB president Christine Lagarde warned that inflation in the 19-nation eurozone was still "far too high" and more action needed to be taken.
The world's major central banks are seeking to dampen red-hot inflation.
US industrial output decreases in November
Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said, as output for bigger-ticket...The Fed has raised its benchmark lending rate seven times this year in an effort to cool the world's biggest economy.
Total output dropped 0.2 percent in November, with the first decline in months defying analysts' expectations of an uptick, according to Fed data.
ECI inks MoU with RAKEZ to help Ras Al Khaimah’s non-oil trade
DUBAI, UAE - Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed an MoU with Ras Al Khaimah...ECI to provide RAKEZ members access to flexible state-backed trade finance support.
As of November 2022, ECI has facilitated US$71 million worth of secured non-oil trade for businesses operating in Ras Al Khaimah.
