Mawani completes Red Sea Gateway Terminal at Jeddah Islamic Port
Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...Business Economy
GCC economies eye $2.5trn from better productivity
The region pins hope on the new Productivity Potential Index that offers a forward-looking framework, incorporating environmental, health, and innovation...Economy
French PM leads delegation to Algeria as ties improve
French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the...Ties between the North African country and France had seen months of tensions after Macron last year questioned Algeria's existence as a nation before the French occupation.
The French PM is expected to sign deals on economic cooperation, including energy.
Qatar lures the rich with luxury World Cup
Those with bottomless budgets in the resource-rich region have attractive accommodation options too, with one third-party site offering $4,000-a-night hotel rooms...Stadium crowds will include Qatar's migrant laborers, who were offered some tickets at $11 to watch a sport whose players and core supporters are traditionally blue-collar
United States, Britain, France, Mexico, China and India were among the countries where fans were showing most interest in packages for the UAE
War and energy crisis push US LNG industry to expand
US suppliers have exported 1,574 billion cubic feet (44.6 billion cubic meters) of LNG to Europe so far in 2022,...US has become the world's largest exporter of LNG, an industry centered around the energy-rich Gulf of Mexico, with its infrastructure and strategic location
In June, an explosion caused the temporary closure of the Freeport LNG terminal further south, reminding residents of the immediate risks posed by the plants
German coastal state goes to polls amid acute energy crisis
Frankfurt, Germany— Germans in the coastal state of Lower Saxony vote in a closely-watched regional election Sunday, seen as a key...Anxiety about soaring energy bills has dominated the race in the northwestern region on the North Sea, providing a snapshot of the national mood
One major bone of contention between the leading candidates has been the fate of Lower Saxony's Emsland nuclear power plant, one of only three still operational in Germany
Sharjah tourism body to highlight AI, technology in tourism
Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held...The authority will showcase new projects and emerging prospects in Artificial Intelligence and Metaverse.
SCDTA will highlight the innovative use of technologies and their impact on hospitality, tourism and commerce.
DEWA invites proposals for work on sixth phase of solar park
Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the...The 900 MW sixth phase of the Solar Park will be implemented using photovoltaic solar panels.
The production capacity of clean energy has reached about 12.1 percent of Dubai’s total energy mix.
‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’
The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
Iraq economic growth hampered in absence of government, budget
It remains without not only a new government but a budget too, obstructing much-needed reforms and infrastructure projects in the...The government can't invest that money without an annual state budget, which Mustafa al-Kadhemi is not authorised to submit to parliament in his capacity as caretaker PM.
Former finance minister Ali Allawi, who had prepared a reform plan that never materialised, blamed the "political framework" for obstructing progress.
US job gains slow, but not enough to ease inflation worries
President Joe Biden, who has seen his approval erode in the face of surging prices, cheered the data as a...The economy added 263,000 jobs last month, showing a steady slowdown from the blistering pace in 2020 and 2021
Over the past 12 months, average hourly earnings have increased by 5.0 percent, still high but a slowing from the pace seen over the past year
Islamic Development Bank raises $1.6b from Sukuk issuance
An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc.An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc
The AAA-rated issuance was executed in line with the bank’s $4.1 billion financing plan for 2022
