Sudan economy falls victim to war between rival generals
With most banks out of service, the only exchange rate that matters to ordinary Sudanese is on the black market,...Economy
Diversification helps GCC surge in global markets
Gulf economies are witnessing transformative growth and resilience with the UAE, Saudi Arabia, and Qatar leading the way in global...Economy
UNWTO says investments key to transform tourism
Marrakesh, Morocco—The UN World Tourism Organization (UNWTO) convened its 117th Executive Council in Marrakesh, Morocco, as the sector’s recovery continues...On the eve of the Marrakesh meeting, the United Nations General Assembly was presented with a a draft resolution calling on all to promote tourism
The Executive Council is the top governing body of UNWTO and meets twice a year
Abu Dhabi’s GDP expands 11.2% in the first half of 2022: SCAD
The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022.The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022
The growth is seen as a reflection of the Emirate's ability to sustain growth despite global economic challenges
Food delivery market hots up even as inflation fear makes GCC residents cautious about expenses
Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which...Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which rely heavily on imports, says a report.
Inflation rates, however, vary widely from a high of 6.5 percent in Qatar to a low of -0.4 percent in Bahrain, a PwC report points out
ADAFSA launches first livestock auction market in Abu Dhabi
ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first...Other auctions will be organized regularly to enable livestock breeders directly sell their camels to the public.
The permanent livestock auction market will serve as a destination for those interested in buying camels, cattle and rare animals.
FNC’s UAE-EU friendship groups meets with Czech parliament
PRAGUE, CZECH REPUBLIC - Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah...The meeting discussed the importance of strengthening the cooperation between the two parliaments.
The two parliamentary groups discussed ways of improving the relations between them.
Saudi would back bids for Man Utd, Liverpool, says sports minister
Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen...Saudi Arabia last year snapped up England's perennial under-achievers Newcastle - at is now third in the Premier League.
Saudi Arabia's chances of bidding for the World Cup would increase if it wins hosting rights for the 2026 and 2027 women's and men's Asian Cups.
DEWA to hold second General Assembly in December
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA), which is listed on the Dubai Financial Market (DFM), has announced...The assembly will vote on the recommendation of the Board of Directors to distribute a special one-time cash dividend of US$552 million to its shareholders.
For the year 2022, DEWA intends to pay its shareholders a total dividend of $2.24 billion.
Abu Dhabi to host Annual Investment Meeting in May 2023
The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead...The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead partner
The meeting will be attended by decision-makers, investors, experts, and academic figures from all over the world
UAE takes part in IORA meetings in Bangladesh
DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and...The UAE affirmed its commitment to promoting inclusive growth and prosperity within the Indian Ocean region.
The launch of the Sheikh Zayed IORA Scholarship for Humanitarian Action and Development was officially announced.
German economy grew more than estimated in third quarter
Gross domestic product grew "despite difficult general conditions in the global economy such as the continuing Covid-19 pandemic, delivery bottlenecks,...Europe's biggest economy expanded by 0.4 percent between July and September compared to the second quarter
Analysts had forecast a contraction in the third quarter as the fallout from Russia's war in Ukraine takes a toll on European economies
