Egypt’s wheat and oil reserves sufficient for several months, says minister
Cairo, Egypt-- Egypt has enough reserves of wheat to last it for many months, according to Dr. Ali Al-Moselhi, the...Business Economy
Indians queue for Israel jobs as war in Gaza rages
India's urban unemployment rate -- the percentage of people wanting work who cannot find a job -- dipped to 5.1...Economy
UAE approves 22 policies to speed up circular economy model
The UAE has approved 22 policies that focus on accelerating the implementation of the circular economy model in the UAE in...These policies will focus on accelerating the implementation of circular economy model in he UAE in manufacturing, food, infrastructure, and transport.
A meeting of the Circular Economy Council also identified at least 16 circular economy activities that can create opportunities for businesses.
Jordan’s exports to Canada went up by 22 percent since 1997
During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent, from US$885,000...During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent
Jordan and Canada have signed free trade, labor, double taxation, environment and investment agreements
Iran says Turkish offensive in Syria can destabilize region
Iran's foreign minister warned Saturday on a visit to Damascus that Turkish military action in Syria would destabilize the region,...Iran is a major ally of Syrian President Bashar al-Assad and an important trading partner for Turkey
In recent weeks, Erdogan has said he plans to launch a military offensive against Kurdish fighters in Syria Ankara regards as "terrorists"
MENA eyes key role in making world carbon neutral
UAE and KSA are spearheading decarbonization efforts in Middle East by encouraging enterprises to minimize carbon footprint. Here are a...Since MENA countries are a significant global green hydrogen supply source, they may help other nations outside the region reach their carbon-neutral targets
Trading carbon credits could cut the cost of implementing national contributions to combat climate change by more than half – up to US$250 billion by 2030
Apex banks must act as severe stagflation hits markets
Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of...Surging food prices are a significant contributor to high headline inflation in many countries, including most major advanced economies
Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and hurt global GDP
Saudi and UAE stock markets end the week lower
The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment....Saudi and UAE stock markets ended the week lower, following Asian markets
Concerns about slowing global economic growth impacted investor sentiment
Tunisia seeks aid package as IMF team set to arrive
The International Monetary Fund is sending a team to Tunisia next week to begin formal talks on a new financial...Tunisia is seeking a two-billion-euro loan, according to a source with knowledge of the preliminary talks.
IMF said 'ready to begin the formal negotiations' but the Tunisian leaders need to implement "ambitious reforms" to deal with the crisis
Turkey raises minimum wage as inflation spirals out of control
Turkey on Friday substantially raised the minimum wage for the second time in a year to cushion the blow from...Turkish currency has lost half its value against the dollar in the past 12 months, which has fueled price rises on imported goods
Economists warn that substantially raising the pay of a large swathe of the population in Turkey is an inflationary measure
UAE-Indonesia CEPA to launch new era of strategic cooperation‎: Emirati ministers
The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started,...The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started, following the ones signed with India and Israel in February and May, respectively
The agreement aims to enhance the bilateral trade between the two countries and raise its total value from around US$3 billion in 2021 to US$10 billion annually within five years
Taliban, US talk on quake aid, foreign reserves in Doha
Talks between the United States and the Taliban continued in Doha earlier this week to discuss earthquake aid, the State...The Taliban is seeking a way to unlock some of the country's foreign reserves -- currently frozen by the United States
During the meetings Wednesday and Thursday, the United States reiterated an earlier pledge of $55 million in new assistance for earthquake relief
