Jordan, Tunisia to enhance trade, investment relations
AMMAN, JORDAN - The Chairman of the Amman Chamber of Commerce Khalil Haj Tawfiq has called on Jordanian and Tunisian...Business Economy Geostrategy
DMCC witnesses 10 percent rise in US companies in 2023
DUBAI, UAE – DMCC successfully concluded its most recent Made for Trade Live tour of the US, hosting events in...Business Economy
Power-starved Lebanon turns to solar energy
Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for more...Private individuals are also turning to solar to cut down on generator bills, setting up panels and batteries on balconies and rooftops
Many Lebanese have resorted to selling a car, jeweler or a plot of land as installing the solar power is expensive in a country where poverty is rampant
Ethereum blockchain to undergo ‘monumental’ overhaul
Developers have spent years working on a more energy-efficient version of the ethereum blockchain, a digital ledger that underpins a...Experts say the changeover, expected to take place between Tuesday and Thursday, would slash energy consumption by more than 99 percent
The ING bank said in a recent note that the switchover might help ethereum gain acceptability among policymakers and regulators
IsDB sanctions US$1.12bn financing for member countries
The Islamic Development Bank (IsDB) has approved a $1.12 billion financing for development projects in various sectors in nine member...In the Republic of Uganda, the financing of US$ 100 million, part of the Islamic tranche, will enable the country to untap its oil reserves and export oil to international markets
In the Health sector, sovereign financing of $207 million was approved for the Strengthening of the National Referral Hospital on Oncology Center for Indonesia
Loan exemptions: GCC’s way to help individuals, firms
The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and...The Gulf countries assist loan defaulters by delaying payments or exempting those who cannot pay to save emerging companies and prevent their accumulation of financial burdens
Loan exemptions in sectors such as housing, health, marriage and investments are estimated to be in millions of dollars across the region
Queen Elizabeth II funeral on September 19 in London
The state funeral for Queen Elizabeth II will be held at Westminster Abbey in London at 11:00 am (1000 GMT)...Buckingham Palace also confirmed that the queen, who died on Thursday aged 96, will then be taken to St George's Chapel at Windsor Castle.
The queen's coffin will be taken on a 180-mile (290-kilometre) trip by road from the remote estate to the Palace of Holyroodhouse in Edinburgh.
Summit in UAE discusses global partnerships, prosperity
Over 200 senior officials convened in the "Ambassadors Forum", organized by the World Government Summit Organization in partnership with UAE...The summit discussed role of diplomacy in shaping future governments and achieving global prosperity.
UAE Minister of Economy spoke on the critical priorities for governments in the next decade.
‘Jordan not affected by India’s decision to restrict rice exports’
President of Foodstuff Traders Association (FTA), Khalil Haj Tawfiq, said India's decision to restrict its exports of some rice varieties...India's decision will not affect availability of rice in Jordan's local market, neither hike its prices.
The decision of banning export of certain varieties of rice are not imported by Jordanian traders.
World Green Economy Summit 2022 theme revealed
Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th...The theme reflects the UAE’s vision of advancing climate action and strengthening partnerships.
It also reflects international efforts to achieve climate goals.
Egypt hikes price of customs dollar to highest ever
Egypt has raised customs dollar to its highest level in history, a measure likely to inflate the price of imported...The Egyptian Ministry of Finance raised the price of the customs dollar to 19.31 Egyptian pounds with immediate effect
In June, the Egyptian government released the customs dollar price, which was recorded at 18.64 pounds, at that time equal to the dollar price in banks
Putin wants talks with Erdogan over Ukraine grain
The Kremlin said that President Vladimir Putin will discuss with Turkish President Recep Tayyip Erdogan a deal allowing grain exports...The agreement between Russia and Ukraine, brokered by Turkey and the United Nations, designated three ports to send grains through a Russian blockade.
Putin claimed most consignments were arriving in Europe, not poor countries where grain was needed most.
