UAE real GDP to grow 5.3 percent in 2024: S&P Global
Abu Dhabi, UAE-- The UAE's real GDP will grow 5.3 percent in 2024, compared to 3.4 percent in 2023, according...Economy
44% of workers’ core skills will be disrupted by 2027: WEF
The world of work is changing fast. By 2027, businesses predict that almost half (44%) of workers’ core skills will...Economy
G7 to ‘urgently’ implement Russian oil price cap
G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid...Households in Europe have borne the brunt of rising energy prices, with governments under pressure to alleviate the pain of the resulting high inflation.
Moscow would "simply not supply oil and petroleum products to companies or states that impose restrictions".
Jordan PM refers to shared views in meeting with Kuwaiti minister
Prime Minister of Jordan Dr. Bisher Khasawneh met Kuwaiti Minister of Information and Culture Abdul Rahman Al-Mutairi, who is in...The Jordanian PM reiterated to the Kuwaiti minister the two countries’ shared views on Arab, regional and international issues.
The Kuwaiti Minister is in Jordan to attend the 21st Amman International Book Fair.
DEWA’s R&D Center registers patent for robotic carrier
Dubai Electricity and Water Authority (DEWA) 's Research and Development (R&D) Center has registered its sixth patent for a user-friendly...DEWA's robotic carrier can transport glass panels or sensitive materials that require close care.
The robotic carrier can lift solar photovoltaic panels easily from any surface.
Slowdown or not? US job market walking a tight rope
According to consensus, the unemployment rate for August should fall somewhere around 3.5 percent when official data is released at...American employers ratcheted back their hiring in August to 132,000, according to data published Wednesday by payroll firm ADP
Economic slowdown, fears of recession, or Fed action to curb soaring inflation have not deflated the hot job market
Saudi Arabia eases visa rules for GCC, US, UK, EU residents
The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier...The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom
The ministerial decree removes the requirement of many would-be visitors to attend their country's embassy before entering Saudi Arabia
Saudi economy pins hope on female entrepreneurs
Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in...Saudi women have achieved exceptional success through entrepreneurship, particularly with the change in the business environment.
The goals of Vision 2030 are not limited to increasing entrepreneurship but also increasing women's participation in economic fields.
Markets volatile, world economy likely to grow 3.2% in 2022
As the world economy struggles to recover from the after-effects of the pandemic, financial markets are more volatile than ever.Global investors need to factor in how demand and supply chains will impact trade around the world
The ongoing stop-and-start recovery from COVID has also disrupted global supply chains, leading to more instability in economies all around the globe
Saudi Central Bank updates its Regulatory Sandbox Framework
The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of...The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of the key objectives of the Saudi Vision 2030
The Central Bank pointed out that the updated framework of the Regulatory Sandbox is open for both local and international applicants
CBUAE says gross banks’ assets vault to $939bn in June
The growth in total bank deposits was due to the rise in resident deposits by 2.6% and non-resident deposits by...The apex bank said that gross credit grew from $507.93 billion in May 2022 to $508.12 billion in June 2022
Total bank deposits increased by 2.5%, climbing from $555.61 billion in May 2022 to $569.61 billion in June 2022
Qatar to build world’s biggest blue ammonia plant
Energy Minister Saad al-Kaabi said the plant would cost $1.2 billion and start production in early 2026. State-owned Qatar Energy,...The foul-smelling chemical is being touted by gas-producing nations such as Qatar as an alternative to hydrogen
Japan is already looking into using ammonia to power former coal fired electricity generators
