UAE and UK seek to boost economic cooperation
Abu Dhabi, UAE-- Looking to enhance economic ties between the UAE and the United Kingdom, Abdulla bin Touq Al Marri,...Business Economy
44% of Saudis are young, making up 78% of the labor pool
Riyadh, Saudi Arabia - Saudi Arabia on Monday launched "Youth Development Strategy" to help its youth to play a critical...Economy
Egypt President says world must jointly deal with energy crisis
Egypt's President Abdul Fattah Al-Sisi underscored the importance of coordination and cooperation among all countries of the world to confront...Egypt's President Abdul Fattah Al-Sisi said global coordination and cooperation is necessary to deal with the energy crisis
He said Egypt is determined to coordinate with friendly countries to tackle tension in its neighborhood
MENA Forum 2022 to focus on US$250b worth of power projects
The combined investments in the MENA power sector includes US$93 billion which has already been committed.The combined investments in the MENA power sector includes US$93 billion which has already been committed
US$60 billion worth of power projects are being developed in Saudi Arabia, followed by Egypt with US$37 billion worth of projects
EU’s Official Development Assistance reaches US$71b in 2021
This represents a 4.3 percent increase in nominal terms and the equivalent to 0.49 percent of collective Gross National Income.This represents a 4.3 percent increase in nominal terms and the equivalent to 0.49 percent of collective Gross National Income.
Overall, 22 Member States increased their ODA in nominal terms last year compared to 2020, with the strongest nominal increases coming from Germany
Indian rupee slides to new low against dollar, touches 80
The Indian rupee fell to more than 80 per US dollar for the first time on record Tuesday, as the...Tighter US monetary policy has exacerbated outflows from emerging markets such as India, where foreign investors have withdrawn a net $30.8 billion in debt and equity this year
In a written statement to the Indian parliament on Monday, finance minister Nirmala Sitharaman attributed the rupee's sharp fall to external reasons
59% more French tourists visited UAE in 2021
In 2021, the number of French tourists visiting the UAE rose to 311,570, an increase of 59 percent, compared to...In 2021, the number of French tourists visiting the UAE rose to 311,570, an increase of 59 percent, compared to 2020.
According to the figures, the number of French tourists who visited the UAE from 2015 to 2021 totalled 2.461 million
Italy PM signs clutch of deal with Algerian president
Italian Prime Minister Mario Draghi sealed 15 agreements with Algeria's president Monday, ahead of the expected conclusion of another deal...Algeria will also increase gas exports to Italy by four billion cubic metres in the coming days
Italy buys the majority of its natural gas from abroad, with some 45% of its imports coming from Russia
Investors stay away as oil fuels tension in Iraq
The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil...Iraq, the second largest OPEC producer, sits on enormous oil reserves, and revenues from the sector feed 90 percent of the federal government budget.
The country exports an average of 3.3 million barrels of crude oil per day (bpd), while production in Kurdistan amounts to just over 450,000 bpd.
Dubai Metaverse Strategy launched, aims to foster innovation
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Monday launched...Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched the strategy.
The strategy emphasises fostering talent and investing in future capabilities by providing the necessary support in metaverse education aimed at developers.
UAE honors firms which tripled Emiratization within 2 months
UAE's Ministry of Human Resources and Emiratization (MoHRE) has honored 16 companies that achieved over triple their Emiratization ratios in...UAE's Ministry of Human Resources and Emiratization has honored 16 companies that tripled their Emiratization targets in two months
These companies will benefit from several incentives including upgrading their classification to the first category
DEWA commissions 11 substations in first half of 2022
Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and 10...DEWA commissioned one 400/132 kV substation in Al Qusais Industrial Area 5 of Dubai in the first half of 2022
Across Dubai 10 more 132/11 kV substations in different areas were commissioned in the first half of 2022.
