OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...Business Economy
US lawmakers reject US$17.6 billion Israel aid bill
Republicans in the House of Representatives scheduled the vote after the Democratic-led Senate released a bipartisan bill Sunday pairing billions of dollars for...Economy Geostrategy
Bahrain launches multi-entry e-visa for training purposes
Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.The Nationality, Passports and Residence Affairs (NPRA) said the visa is part of the 24 initiatives to enhance the NPRA services and the economic recovery plan
The visa could be applied for on www.evisa.gov.bh for a fee of BD60
Lebanese turn to money transfer firms as trust ebbs in banks
Once the flagship of Lebanon's economy, the banking sector is now widely despised and avoided after banks barred depositors from...Lebanon has been battered by its worst-ever economic crisis since the financial sector went into meltdown in 2019
Some companies are now even paying salaries through money transfer companies instead of banks
Broad money supply in Qatar reaches US$185.4bn in July
Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for...General index of the Qatar Stock Exchange increased in July 2022 at a monthly rate of 9.7% compared to June 2022.
Cash equivalents; including Commercial Bank Deposits, attained for approx. QR 965 billion ($265bn) during July 2022.
Clean energy is key for Indonesian economy, says IEA
Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its...Key policy reforms and international support will be crucial to the success of the clean energy transition in the world’s fourth most populous country.
The clean energy transition offers huge opportunities for the next chapter of Indonesia’s development as it seeks to become an advanced economy by 2045.
‘Turkey can mediate Ukraine nuclear plant standoff’
Turkey can mediate in a standoff over Ukraine's Zaporizhzhia nuclear power station, occupied by Moscow's troops, President Recep Tayyip Erdogan...Erdogan had warned of the danger of a nuclear disaster when he visited Lviv last month for talks with his Ukrainian counterpart Volodymyr Zelensky.
There has been growing alarm over the safety of Europe's largest nuclear plant, Zaporizhzhia
UAE keen to work with global partners to address energy issues
A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with...The UAE is at the forefront in efforts of energy diversification and adoption of sustainability-driven technology to achieve climate neutrality.
During the G20 Energy Transitions Ministerial Meeting, G20 Energy Ministers and major international energy organizations discussed key issues facing the sector.
US to persist with imposition of tariffs on Chinese goods
Paying heed to hundreds of requests from American companies, the US government confirms it will continue to enforce the tariffs...President Biden's team was divided, with US Trade Representative Katherine Tai pushing to keep the punitive duties in place
Trump imposed tariffs on about $350 billion in annual imports from China in retaliation for Beijing's theft of American intellectual property and forced transfer of technology
Saudi Arabia eyes partnerships to accelerate growth of digital economy
Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian...Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali
The meetings also discussed enhancing cooperation in the areas of digital economy growth, emerging technologies and the digital government
Number of UAE bank employees surged to 34,330 in H1 2022: CBUAE
In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332...CBUAE report noted that the number of employees in the country’s banking sector increased to 34,332 during H1 2022
A total of 27,545 employees work in national banks and 6,787 employees for foreign banks operating in the country
World food prices drop for fifth consecutive month: FAO
The latest Food Price Index shows that the prices of five commodities - cereals, vegetable oil, dairy, meat and sugar...The latest Food Price Index shows that the prices of five commodities - cereals, vegetable oil, dairy, meat and sugar - were lower in August than in July
FAO said the decline in cereal prices reflected improved production prospects in North America and Russia
