IMF lifts global growth forecast citing unexpected ‘resilience’
The updated figure, released in the latest World Economic Outlook (WEO) report, is 0.2 percentage points higher than the International...Economy
SMEs drive economic innovation and growth in UAE
SMEs are contributing 63.5% to the UAE's non-oil GDP and are at the forefront of innovation and growth, Ayham Gorani,...Economy
Iraq launches drive to preserve national icon: date palms
Thousands of young date palms, Iraq's national symbol, form lines that extend from the edge of the desert near the...Iraq's prized trees are central to a push aimed to preserve a long-threatened ancestral culture
The number of palm trees in the area has fallen from six million, before the Iraq-Iran war, to less than three million today
Chad rebels pull out of peace talks with military government
A host of Chadian rebel and political groups on Saturday withdrew from talks with the African nation's military government, accusing...A national peace dialogue intended to pave the way for elections would start on August 20,
Chad is one of the world's poorest nations and the government said the talks were intended to end decades of unrest
Euro faces many hurdles on way to recovery against dollar
The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven...French President Emmanuel Macron even said on Thursday that Russia was using energy "as a weapon of war"
Like other central banks, the European Central Bank (ECB) is seeking to avoid stifling the economy by raising rates too sharply
UAE delegation highlights good governance initiative
The UAE delegation to the 2022 High-Level Political Forum on Sustainable Development (HLPF) at the United Nations (UN) Headquarters in...The UAE delegation concludes successful visit to the 2022 High-Level Political Forum on Sustainable Development
The delegation presents the second edition of the UAE’s National Voluntary Review Report at the UN Headquarters
‘Unrealistic policies to curb emissions could fuel inflation’
Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a...Saudi Crown Prince Mohammed bin Salman said unrealistic policies to curb emissions could fuel inflation
Last year, Saudi Arabia pledged ahead of the COP26 climate change summit to achieve net zero carbon emissions by 2060
Biden invites United Arab Emirates president to US
US President Joe Biden on Saturday invited his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States...US President Joe Biden invites his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States
The US President said he wanted the United Arab Emirates President to visit the United States this year
Abu Dhabi EAD launches environmental labeling program
The Environment Agency - Abu Dhabi (EAD) launched the 'Green Industries' environmental labeling program. The program is based on best...The 'Green Industries' environmental labeling program is based on best international practices in the field of eco-labeling
The program aims to build mutually supportive partnerships to enhance the contribution of industrial facilities to environmental protection.
Saudi citizens’ US visitor visas validity raised to 10 years
The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from...The visitor visas (B1/B2) validity has been increased from five to 10 years and will be applicable from August 1, 2022
The decision on the visas has been taken in cooperation with the Saudi government on a reciprocal basis
Saudi inflation inches up to 2.3%, driven by high food prices
Inflation in Saudi Arabia jumped to 2.3 percent, in June, from 2.2 percent in May, driven by a rise in...While the annual growth in the transport index slowed to 2.47 percent in June from 4.05 percent in May, the growth rate in the housing and utilities group doubled to 1.02 percent
The food and beverages category’s contribution to headline inflation changed less in June compared to May at around 36 percent
Libya oil firm lifts force majeure at terminals, groups end blockade
Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their control
Groups demanding more "equitable distribution" of the country's oil revenues had since mid-April blockaded six oil fields and export terminals
