Saudi Crown Prince says will work for Gulf unity and prosperity of its people
Riyadh, Saudi Arabia — Saudi Crown Prince Mohammed bin Salman on Wednesday said he will make efforts to achieve the unity...Economy
Iran agricultural, food exports hit US$4.8bn in 10 months
TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion...Business Economy Geostrategy
Saudi-Thai Business Council set up to enhance trade
The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.
Thailand's Deputy Prime Minister said that discussions with Saudi officials resulted in signing of three pacts
UAE launches net-zero drive for firms
The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase...The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive
The pledge forms the basis of future collaborations between the private sector, non-governmental organizations (NGO) and international organizations.
EU plans emergency action to halt energy price rise
High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate...The European Commission has yet to publish a detailed plan for market reform, but some member states have been pushing for a temporary cap on wholesale gas prices.
EU officials are also considering measures to split electricity price setting from the gas price and take into account other energy sources.
CBUAE launches new website with various services
The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital...The Central Bank of the UAE has launched the corporate website with various interactive digital services for meeting the aspirations of the consumers.
The CBUAE plans to be among the top central banks globally in promoting financial stability.
Saudi SMEs number up by 25 percent in Q1 2022: Monsha’at
Riyadh, Saudi Arabia: The number of small and medium enterprises (SMEs) in Saudi Arabia increased by 25.6 percent to 892,063...The Riyadh region accounted for 35.4 percent of the total establishments, the Makkah region 21 percent and the Eastern region 12.7 percent.
Monsha’at report said that 81 percent of these establishments are classified as micro and small establishments.
Honda, LG to invest $4.4 bn
Firms say construction of US plant to begin next year.Japanese auto giant Honda and South Korean battery maker LG Energy Solution announced a joint venture to invest $4.4 billion in a US electric car battery plant
The move comes after California last week ruled that all new cars sold in America's most populous state must be zero-emission from 2035
Beckham to promote Qatar attractions in tourism push ahead of FIFA World Cup
As part of the campaign, Beckham tours the country with several local personalities, exploring spice markets and street art in...As part of the campaign, Beckham tours the country with several local personalities, exploring spice markets and street art in the Gulf nation
The campaign will highlight Qatar’s potential as a destination for quick weekend getaways and stopover packages being offered to transit travellers
Asian markets tumble after Powell’s rate hike warning
The hefty selling tracked a painful day on Wall Street, where all three main indexes tanked between three and four...Analysts said the chances of a third successive 75 basis-point increase next month had risen, with US Treasury yields surging
Tokyo, Sydney, Seoul and Taipei all fell more than two percent. Hong Kong, Shanghai, Singapore, Jakarta and Wellington were also well down
Ruwad supports 957 projects totalling $9 million
Sharjah acquired 67 percent of the new projects, while eastern region got 21 percent and the central region 12 percentSharjah acquired 67 percent of the new projects, while eastern region got 21 percent and the central region 12 percent
SMEs are a key player in the UAE's future development plans and a main pillar of its recovery efforts
Core inflation is unofficially dead
If the apex banks focus too much on core inflation, it will be a big mistake. Food and energy will...Central banks have been very late to the inflation game as they have underestimated the effects of the stimulus during the pandemic, says an expert
Food and energy will be at the center of the crisis years with climate change and green transformation being inflationary in the years to come, he adds
