‘Innovative startups key to national prosperity’
"Investing in youth, inspiring ideas, and transforming them into creative projects is a cornerstone for facing global challenges in many...Economy
Price of natural gas in Europe falls to a 3-year low
LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...Business Economy Energy Geostrategy
Stocks rise, dollar slips as Fed signals softer rate hike pace
Wednesday's much-anticipated minutes showed most US central bank chiefs felt smaller increases would "likely soon be appropriate" as the economy...Bets were growing on officials announcing a 50-basis-point lift at their December gathering, down from four straight 75-point hikes
Investors are keeping a close watch on China after it announced new Covid cases on Thursday as authorities worked to curb the spread with snap lockdowns
China’s ‘iPhone city’ tightens Covid rules after violent protests
The curbs in Zhengzhou are part of China's national zero-tolerance approach to Covid, which involves grueling lockdowns, travel restrictions and...Hundreds of workers took to the streets around the vast iPhone factory in Zhengzhou, confronting hazmat-clad personnel wielding batons in a rare display of public anger in China
In the wake of the unrest, Zhengzhou authorities ordered mass testing and an effective lockdown for several districts in the central Chinese city starting Friday
Tourism recovery reaches 65% of pre-pandemic levels
An estimated 340 million international arrivals were recorded in the third quarter of 2022 alone, almost 50% of the nine-month...An estimated 340 million international arrivals were recorded in the third quarter of 2022 alone, almost 50% of the nine-month total
Travel was boosted by strong pent-up demand, improved confidence levels and the lifting of restrictions in an increasing number of destinations
Aircraft orders drive US manufactured goods demand
A pick-up in aircraft orders boosted demand for big-ticket US manufactured goods in October, with numbers rising more than expected,...Orders for defense aircraft and parts soared 21.7 percent from September to October.
Surging inflation in the United States and supply chain problems have proven a challenge to industry and consumers.
Jordan, Egypt discuss various aspects of transportation
ALEXANDRIA, EGYPT - Jordan's Minister of Transport Maher Abu Al-Samen discussed with his Egyptian counterpart Kamel Al-Wazir ways and means...The talks were held on the sidelines of the Council meeting of Arab Transport Ministers in Alexandria, Egypt.
Jordan's minister hailed the constructive meeting of Arab Transport Ministers.
First batch of Certified Government Legal Advisors graduate from ADJA
ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) celebrated the graduation of the first batch of the foundation...The program will prepare trained and specialized human cadres capable of understanding, assimilating and developing the legal systems.
The program combines practical and theoretical training and to provide the cadres with basic skills that ensure efficient performance of their work.
Tunisian village banks on cacti to bring in fortune
In a dry country where access to water is already far below the 1,700 cubic meters per resident per year...Used in moisturizing and anti-ageing products, the oil is a much-needed cash cow in a region where one third of people live in poverty
The success of the prickly pear in Zelfen has prompted farmers in other regions such as Nabeul and Kairouan to take an interest
‘UAE govt seeks to enable SMEs enter global markets’
"The UAE economic model is based on developing the national entrepreneurship system and enhancing the participation of Emirati entrepreneurs and...The UAE government is seeking to open new channels for entrepreneurs and support the growth and expansion of their businesses in global markets, says economy minister
The country is strengthening global strategic economic partnerships and cooperation to enhance the potential for sustainable growth, Abdullah bin Touq Al Marri adds
With gas prices up, Algeria hikes defense budget to US$23bn
With its revenues buoyed by high hydrocarbon prices over the past year, Algeria intends to double its defense budget to...According to the budget approved by the lower house, the total allocated to defense in 2023 will be $22.8 billion for 2022
The overall budget is predicated on a forecast economic growth rate of 4.1 percent and inflation of 5.1 percent, along with an oil price of at least $60 a barrel
Saudi business incubators among the most effective leadership empowerment tools in Gulf region: Expert
Raising capital, in general, has become difficult for startups in wake of global and regional issues but the Kingdom is...Raising capital, in general, has become difficult for startups in wake of global and regional issues but the Kingdom is in better position, says Nomow's Sumaya Ali Algabbass
Saudi Arabia, whose startups raised $70 million across 12 deals, ranked third, with e-commerce enabler platform Zid grabbing $50 million, according to a study
