IMF upgrades Saudi Arabia’s 2025 economic growth prediction to 5.5%
Riyadh, Saudi Arabia - The International Monetary Fund (IMF) has revised its growth projections for Saudi Arabia's economy, revealing a...Economy
UAE healthcare spending set to reach $30.6bn by 2027
The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a...Economy Health
UAE’s Q1 public spending rises by nearly 20 percent to $23.79 billion
The UAE’s public spending in the first quarter of 2022 totaled AED87.4 billion ($23.79 billion), an increase of 19.6 percent...AED28.7 billion spent on employee compensation payments, compared to AED24.6 billion in the same reporting period in 2021.
Revenues amounted to AED123.8 billion in the first quarter of 2022, an increase of 39.1 percent or equivalent to AED34.8 billion, compared to AED88.9 billion in Q1 2021.
Qatar Chamber to promote investment in country during world cup
Qatar Chamber would issue a guide to economic and commercial activities in Qatar 2022, aiming to promote its economy and...Qatar Chamber General Manager Saleh bin Hamad Al Sharqi stressed the promotion of economy and investment climate.
Bin Hamad noted FIFA WC 2022 is a key opportunity to introduce the Qatari economy and the advantages of investment in Qatar.
Campaign to attract Emiratis toward private sector launched by talent council
NAFIS.. Your Way, a campaign that will highlight the success stories of talented Emiratis in the private sector and the...The campaign was launched by Emirati Talent Competitiveness Council (ETCC), which is chaired by Sheikh Mansour bin Zayed Al Nahyan and ETCC Board Chairman.
The campaign will showcase ambitious Emiratis around the UAE working in diverse roles within the private sector.
UAE foreign ministry, ECI sign MoU to promote trade, investment
The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company,...MoFAIC and ECI agree to work together to position the UAE as an ideal destination for trade and investment
They will highlight the UAE's stable and secure environment, investor-friendly legislation and advanced trade finance infrastructure
Tie-ups with UAE helps boost Indian farm exports by 31 percent
Buyer-seller meets in the UAE on agricultural and food products with registered geographical indication (GI) tags, a week-long mango festival...Buyer-seller meets in the UAE on agricultural, food products with registered geographical indication tags helped boost India's exports
A week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman also helped
UAE issues new guidelines for real estate transactions
The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU),...The move will help the UAE’s sustainable, evolving approach to the global fight against money laundering and terrorist financing
The decision was made following multiple meetings and discussions among the MoE, MoJ, FIU, and other competent authorities in the UAE
UAE provides inflation allowance to 47,300 low-income families
The number of families that are provided inflation allowance under the UAE's Social Welfare Programme for low-income citizens, has reached...The inflation allowance is provided for food, water and electricity and fuel.
Electricity and water subsidies will be paid to eligible categories for the inflation allowance in September.
Jordan to amend General Sales Tax Law to curb tax evasion
Senate Finance and Economic Committee has approved a slew of amendments to the Jordanian General Sales Tax Law 2021, referred...According to Jamal Sarayrah, head of the committee, amendments seek to bring about adherence to tax payment and reduction in tax evasion
The committee will develop a set of recommendations on the the draft law, which would then be submitted to Senate's presidency for deliberation
Jordan puts up draft national AI strategy for public debate
The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission...The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission for Western Asia, and the UNIDO
The strategy aims to create a regulatory environment that encourages the responsible use of AI and its applications to improve the efficiency of the public sector
Oil prices down by 10% as US stockpiles increase
A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week.A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week
Oil prices got support after OPEC+ decision of increase in production starting next September, by 100,000 barrel per day
