GCC ministers hold discussion on food security in the region
Riyadh, Saudi Arabia--Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), held a virtual meeting with ministers from...Economy
Saudi Central Bank Governor discusses global economy in meeting with ECB chief
Riyadh, Saudi Arabia - The Saudi Central Bank Governor (SAMA) Ayman Al-Sayari discussed the recent developments in central banking and...Economy
Germans face big energy levy but government vows aid
The charge has been set at 2.419 cents per kilowatt hour, said Trading Hub Europe, a non-profit company of energy...The charge has been set at 2.419 cents per kilowatt hour, said Trading Hub Europe, a non-profit company of energy network operators in Germany
For a family of four with an annual average energy usage of 20,000 kwh, this would come to about $493.70 before goods and services taxes
Dar Al Ber spends over $57m on charitable projects in UAE, worldwide
The number of projects inside the UAE and in several regions around the world has reached 22,517.The number of projects inside the UAE and in several regions around the world has reached 22,517
Dar Al Ber also implemented seasonal projects in 37 countries in Asia, Africa and Europe
Saudi agriculture sector grows 7.8% to value at $19.23bn
The agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019,...The positive growth in the sector has been attributed to the strategies implemented by the kingdom's government corresponding with Vision 2030
The sector’s contribution to the gross domestic product in general amounted to 2.3 percent last year, while the contribution of agricultural output to non-oil GDP was 3.6 percent
Bahrain posts a budget surplus of $88m for first half of 2022
Bahrain has posted a budget surplus of $88 million in the first half of 2022, from a deficit of $1.38...Actual revenues collected increased by 52 percent compared to the same period in 2021.The kingdom had reported a deficit of $1.38 billion a year earlier.
Actual expenses amounted to $4.4 billion, an increase at a rate of only 2 percent compared to the same period in 2021.
Saudi Arabia’s inflation surges to 2.7 percent in July: GASTAT
Saudi Arabia’s inflation rose to 2.7 percent in July 2022 compared to June, according to the General Authority for Statistics...Cost-of-living index for July rose to 107.20 points, according to base year 2018, compared to 104.41 points in July.
The Increase in consumer price index (CPI) was driven by a 3.9 percent year-on-year rise in the food and beverage prices.
‘Jordan committed to combating terror financing’
Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies,...Governor of the Central Bank of Jordan said that terror financing is a threat to national economies
The CBJ Governor said the Kingdom is committed to combating money laundering and terror financing
Jordan’s anti-corruption body launches National Integrity Index
The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public...Jordan Integrity and Anti-Corruption Commission launches National Integrity Index to gauge public bodies adherence to anti-corruption standards
The NII aims to support the commission's efforts to combat corruption and foster an anti-corruption public culture
Museum, DEWA partner for sustainable development
The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase...The Museum of the Future with Dubai Electricity and Water Authority will showcase solutions for sustainability and renewable energy
The agreement between the two organizations aims for constructive research that helps solve today’s ecological challenges
Bahrain central bank’s monthly Sukuk issue oversubscribed by 152%
The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152...Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days.
The expected return on the issue, which begins on 17 August and matures on 16 November, is 3.80 percent compared to 3.96 percent of the previous issue on 13 July.
DGCX licensed brokerage firms can now become DFM derivatives members
Dubai Financial Market (DFM) said Monday that it has obtained the approval of the Securities and Commodities Authority (SCA) to...Securities and Commodities Authority approves DFM to allow such firms to become DFM derivative members and provide their services in the market for the first time.
Currently, there are approximately 21 DGCX brokers licensed by SCA and this significant step caters to the growing demand from these companies to access the DFM.
