SCC committee discusses issues related to Sharjah’s economy and tourism
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...Business Economy Tourism
Saudi stock market hits 12,500 points, highest since August 2020
Riyadh, Saudi Arabia - The Saudi Stock Market's general index (TASI) surged past the 12,500-point milestone on Sunday, reaching its...Economy
Moroccans protest against cost of living crisis
The protest was organized by the country's main trade union, the UNTM, which is close to the Justice and Development...The rally, outside parliament and witnessed by AFP journalists, came after several protests already this week in Rabat and other Moroccan cities
Consumer price inflation was 8.3 percent year-on-year in September, due in large part to surging food prices, which were up 14.7 percent
Eurozone downturn deepens as Germany heads for recession
Economic activity in the eurozone plummeted further in October and Germany, the EU's top economy, looks headed for a recession,...The S&P Global Flash Eurozone purchasing managers' index (PMI) fell to 47.1 for October, down from 48.1 a month earlier, as soaring inflation and high energy prices buffeted Europe
The survey showed that both manufacturing and services in Germany were showing accelerated rates of shrinkage, though that had yet to feed through into jobs-shedding
Qatar market braces for football World Cup boom
Crowds are already growing as a World Cup buzz mounts. Fan zone attractions and temporary stores are being set up...The narrow alleys of the century-old Souq Waqif will be a magnet for the one million football followers expected at the tournament
Devastated by a major fire in 2003, most of it has been rebuilt with arched pedestrian alleys, as part of a project to regenerate central Doha
Boris Johnson drops out of race for UK PM
Declaring an end to his bid for the UK top job, former UK PM Boris Johnson said that he had...Tories have been forced into a second leadership contest since the summer following Truss's resignation after only 44 disastrous days into her tenure
Sunak had raced ahead in the count for Tory MPs' support, drawing backing from across the parliamentary party and crossing the minimum threshold Friday
Qatar’s General Tax Authority launches digital tax stamp
The authority said that digital tax stamps are distinctive marks in the form of a physical label or digital code...The authority said that digital tax stamps are distinctive marks in the form of a physical label or digital code containing encrypted data
The digital tax stamp on goods will enable monitoring and tracking of the movements of these goods within the Qatari market
Private sector plays key role in FIFA Cup projects
There is a need for concerted efforts by citizens and residents to make this global event a success, Sheikh Khalifa...Qatar has become a leading global investment destination, says Qatar Chamber Chairman Sheikh Khalifa bin Jassim bin Mohammed Al-Thani
The World Cup Qatar 2022 will leave a unique imprint in the history of the FIFA World Cup, he says, adding that Qatari economy is expected to grow by 4.9%
Gulf nations add momentum to Asianization of global economy
Following the US withdrawal from Afghanistan, many experts believe that Washington is shifting its attention and resources to the "priority...The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil
GCC's position in supporting Russia in its conflict with Ukraine, Europe, and the US, have raised many problems, but nowhere more so than in Asia
UAE Minister highlights youth’s role in sustainable food systems
DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the World Food...The Minister held meetings with several high-level FAO officials on the UAE’s contribution in tackling global food and nutrition insecurity.
The event drew governments, youth champions, global influencers and non-profit organizations to support youth-led transformation of agrifood systems.
DIEZ cooperates with DP World to support career initiative Tumoohi
Dubai, UAE---Dubai Integrated Economic Zones Authority (DIEZ) will collaborate with DP World to support the Tumoohi Initiative, a training program...Under the agreement, DIEZ will give participants an an opportunity to gain professional and practical experience and learn about best practices and global standards.
Participants will be able to work with DIEZ, along with companies registered in the Dubai Airport Freezone (DAFZ) and Dubai Silicon Oasis.
Saudi Crown Prince launches program to make KSA investment hub
Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...GSCRI will help enable investors to benefit from the Kingdom's resources, capabilities and support and develop these value chains.
It will also build successful investments, which will give greater flexibility to economies, businesses and consumers around the world.
