GCC leaps into healthy aging with tech and policy
In the Gulf countries, a transformative journey toward healthy aging is underway, fueled by technological advancements and government initiatives, says...Economy
Ex-Amazon economist to head Turkey’s central bank
Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate...Economy Geostrategy
Saudi real estate fund signs 58,000 housing support contracts in H1
Saudi Arabia’s Real Estate Development Fund has signed more than 58,000 financing contracts for the kingdom’s various housing support programs...One of the goals of kingdom's transformative Vision 2030 is to raise the percentage of house ownership to 70 percent,
The number of the beneficiaries of housing support programs from June 2017-June 2022 is more than 660,000.
Oil prices fall as Aramco signals plan to raise crude production
Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery...Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery added to concerns about demand
Crude prices which had gained following Russia’s invasion of Ukraine have declined over the last couple of months on fears of a possible economic recession
Has blockchain found a use beyond crypto trading?
Blockchain at heart is a ledger, a way of storing transactions that is according to fans secure, transparent and permanent.Blockchain at heart is a ledger, a way of storing transactions that is according to fans secure, transparent and permanent
The blockchain emerged from a 2008 white paper on bitcoin, which was conceived as an alternative to fiat currency
China cuts rates as economic recovery weaker than expected
The world's second-biggest economy saw a bounce in business activity as some coronavirus restrictions eased in June, but the boost...China's industrial production rose 3.8 percent on-year, down from a 3.9 percent jump in June
Retail sales grew at a slower-than-expected 2.7 percent from a year ago, down from 3.1 percent in June
Saudi economy, GDP see upswing in H1 2022
Real GDP increased at a growth rate of 11.8% in Q2 2022, driven by the significant increase in oil activities...The report says Saudi Arabia's economy and GDP are on an upswing due to several factors
Even the World Economic Outlook July 2022 projected the Kingdom to record highest GDP growth among G20 countries.
IGCF 2022 to be held on September 28, 29
The forum will analyse the socioeconomic and community trends that will determine the next stage of government communications regionally and...The forum will analyse the socioeconomic and community trends that will determine the next stage of government communications regionally and around the world
It will also spotlight the latest tools and methodologies governments can leverage to communicate with the public during unforeseen or unusual circumstances
World Green Economy Summit in Dubai supports UAE COP28
Since its launch in 2014, the WGES has succeeded in galvanising global efforts to promote the shift towards a green...Since its launch in 2014, the WGES has succeeded in galvanising global efforts to promote the shift towards a green economy
The WGES also plays a key role in supporting the UAE’s outstanding climate action efforts and its commitment to sustainability
Egypt to issue international bonds worth $6 billion
More than a year after it issued bonds for the Japanese market, Egypt intends to issue another tranche of international...Egypt offered $500 million worth international bonds for the first time denominated in the yen in the Japanese market
Egypt plans to obtain external financing by about $7.62 billion, which means an increase in the volume of external financing by about 87 percent over last year
Sanction partners: Iran’s top automaker eyes Russian market
Russia has come under increasingly tough sanctions since its February invasion of Ukraine, while Iran has faced stringent sanctions reimposed...The two countries have responded to the sanctions by boosting cooperation in key areas to help prop up their economies.
"We are going to pay special attention to the Russian market, and we are also thinking of partnering with Russian investors," said Iran Khodro CEO Mehdi Khatibi.
In Dubai 305m riders use public transport in H1 2022
Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport and shared mobility clocked nearly...The number of riders using public transport was 36 percent for Dubai Metro and 29 percent for taxis
March 2022 was the busiest of all months recording 62 million riders
