China economic slowdown to continue for the next four years, says IMF
BEIJING, CHINA - China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging...Economy Global
OPEC+ panel reaffirms cartel’s current output reduction strategy
In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...Business Economy Energy Geostrategy
Turkey to pay for some Russian gas in rubles, says Erdogan
President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in...Neither Erdogan nor Russian officials have said what portion of the gas will be covered by ruble payments
Russia accounted for about a quarter of Turkey's oil imports and 45 percent of its natural gas last year
Sustainable research centers in UAE being built on SDME designs
Several regions across the UAE are witnessing the implementation of the designs of some of the teams that participated in...In the UAE many sustainable research centers based on the designs of the teams participating in the first and second Solar Decathlon Middle East are being constructed
SDMEs were organized by Dubai Electricity and Water Authority as part of its, Dubai Supreme Council of Energy and the US Department of Energy partnership
Major fall in global food prices in July, says FAO
Food prices dropped significantly in July, marking the fourth consecutive monthly decline since record highs earlier this year in the...Food prices dropped significantly in July, marking the fourth consecutive monthly decline since hitting record highs earlier this year in the wake of the developments in Ukraine
The decline was led by double-digit percentage drops in the cost of vegetable oils and cereals
Khalifa Fund offers US$30 million to support SMEs in Kenya
The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya.The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya
Under the agreement, more than 3,000 projects with 40 percent allocated for women will be financed nd are expected to generate nearly 13,000 job opportunities
UAE to invest $1bn in Pakistani companies across various sectors
The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries.The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries
The two countries will cooperate in various fields, including gas, energy infrastructure, renewable energy, logistics etc
Jordanian Senate examines draft investment law
Jordan Senate's Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look...Jordan Senate's Finance and Economic Committee examines the draft law regulating the investment environment in the country.
Investment-related laws should streamline business procedures, economic activities, spur investment and enhance competitiveness of the economy
FDIs in the UAE grew 116% from 2012 to 2021
According to a report by the UAE's Ministry of Economy, during the past decade from 2012 to 2021, FDIs in...FDI in the UAE witnessed significant growth, from $9.5billion in 2012 to $20.6 billion in 2021
The UAE was ranked 19th globally in the list of top 20 countries that attract FDIs
Dubai’s weeklong real estate transactions total $1.4bn
In Dubai, the real estate and properties transactions valued at $1.4 billion in total during the week ending 05 August...In Dubai, 255 plots were sold for $337 million, 1,510 apartments and villas for $759 million
During the week, the total number of transactions was 2,247
UAE to set up country’s first Industry 4.0 Enablement Centre
UAE will set up the country’s first Industry 4.0 Enablement Centre aimed at promoting, enabling, and supporting the digital transformation...The UAE ministry of industry and advanced technology will explore how the Enablement Centre can leverage what has been achieved by the EDGE Learning & Innovation Factory.
Its offerings include learning, innovation, and demonstration to the wider industrial ecosystem.
Jordan approves charter for Artificial Intelligence ethics
A cabinet session headed by Prime Minister Dr. Bishr Khasawneh, passed the charter and circulated the document to all ministries...A cabinet session headed by Prime Minister Dr. Bishr Khasawneh, passed the charter and circulated the document to all ministries and public institutions
The charter also seeks to find a common ethical base that regulates development of artificial intelligence technologies, based on human and religious values
