Saudi Arabia launches program to boost exports
Riyadh, Saudi Arabia - Saudi Arabia has embarked on a program to equip Saudi exporters with the necessary information on...Economy
Spain urges WTO meet in UAE to address de-globalization
ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...Business Economy Geostrategy Global
Three more grain ships leave Ukraine: Turkey
Moscow and Kyiv agreed in Istanbul last month to resume shipments of wheat and other grain from Ukrainian ports for...Moscow and Kyiv agreed in Istanbul last month to resume shipments of wheat and other grain from Ukrainian ports for the first time since Russia invaded its neighbor in February
The ship's passage is being overseen by an international team that includes officials from Turkey, the UN and the two warring parties
Syrian ship accused of carrying stolen Ukranian grain leaves Lebanon
The Laodicea, which was docked in the northern port of Tripoli, was cleared to leave after investigations failed to prove...Kyiv's embassy in Lebanon had claimed that the grain cargo was loaded from a region occupied by Russian forces
Ukraine has repeatedly accused Moscow's forces of ransacking its grain warehouses since Russia invaded the country in late February
Iran says sending team to resume nuclear talks in Vienna
Negotiations in Vienna began in April 2021 to restore the deal, but have stalled for the past five months amid...Iran foreign ministry statement said that Iran hoped the opposing parties will seriously focus on resolving the remaining issues
Earlier, coordinator of the nuclear talks between Iran and world powers, Josep Borrell submitted a new draft text and urged all sides to accept it
Saudi Arabia records $20 bn surplus after oil price surge
Despite being among the world's top crude exporters and the largest Arab economy, Saudi Arabia has failed to balance its...The surplus is largely due to oil revenues rising to more than 250 billion riyals, compared to around 132 billion during the same period in 2021, a jump of 89 percent
In December, Saudi Arabia approved its 2022 budget projecting a surplus for the first time since oil prices slumped in 2014
Equities, investment funds boost GCC economies
GCC countries will witness a rise in their wealth between 2021 and 2026 after two years of challenging time due...GCC countries will witness a rise in their wealth between 2021 and 2026 after two years of challenging time due to the Covid-19 pandemic, a report points out
Equities and investment funds will account for 64 percent of total personal wealth in the UAE in 2021, says the report released by Boston Consulting Group
Ethiopian delegation visits Dubai to explore digital services
An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25-...The delegates sought to review Dubai’s success in digital services, and discuss creating potential business partnerships
The visit included signing deals supporting the Digital Ethiopia 2025 strategy, and exchanging knowledge and expertise.
DAE posts H1 profit of $140.1m
Its profit increased 186 percent in first six months of 2022Dubai Aerospace Enterprise reports 186% growth in profit in the first six months of 2022
DAE says cash flows from operating activities increased by 36 percent to $678.5 million.
UAE citizens’ housing gets help of over $6.8bn in 2022
The UAE’s citizens' housing segment in 2022 achieved significant regulatory progress and received massive financial allocation for federal, local plans...The UAE’s citizens' housing segment in 2022 achieved significant progress and got massive financial aid for federal and local plans
On May 9, the Cabinet adopted a federal housing loan policy to provide loans via partnerships with private sector and national banks.
Oil prices tumble on demand worries as global stocks mostly rise
The drop in oil prices came despite a move by the OPEC+ oil cartel, led by Saudi Arabia and Russia,...Oil prices finished about four percent lower following US energy data that showed unexpectedly weak gasoline demand
Gasoline demand last week was 8.5 million barrels per day, down almost 13 percent from the year-ago period, which is part of the peak summer driving season
Two years after blast, Lebanese still strive for justice
The portside blast of haphazardly stored ammonium nitrate, one of the biggest non-nuclear explosions ever, killed more than 200 people,...Several heavily damaged grain silos that became a grim symbol of the disaster collapsed last week, and more are dangerously close to coming down, experts warn
Amnesty, HRW and other groups Wednesday relaunched an appeal to the United Nations to send a fact-finding mission on Beirut blast
