Doha, Qatar – Qatar’s non-energy private sector recorded robust growth in the final months of 2024, according to the latest...
Muscat, Oman - The population of the six GCC countries reached 57.6 million in 2023, compared to 56.6 million in...
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
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
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
“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
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.
- 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.
- 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.
Dubai, UAE--– The central banks of Saudi Arabia, Bahrain, and Qatar increased their interest rates following the US Federal Reserve...Since the costs in the GCC are pegged to the dollar, the central banks in the region follow the Fed rate changes.
The Saudi Central Bank, known as Sama, the Central Bank of Bahrain and Qatar Central Bank upped their interest rates by 50 basis points.
Over a decade since the country's revolution that unseated dictator Zine El Abidine Ben Ali, opposition parties have urged a...The previous legislature had far-reaching powers, in the mixed presidential-parliamentary system enshrined in the North African country's post-revolt constitution
In July this year, Saied used a widely shunned referendum to push through a new constitution, stripping parliament of any real clout and giving his own office unlimited powers
- Housing rents rose by 5.4 percent, bringing the overall housing, water, electric, gas, and other fuels increase to 4.7 percent.
Housing rents rose by 5.4 percent, bringing the overall housing, water, electric, gas, and other fuels increase to 4.7 percent
In the last couple of months, food prices rose by 3.6 percent while transport costs have increased by 4 percent
