Embracing renewables secures UAE’s green future
"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...Economy Climate Change
Riyadh Season 2023 on track to outshine previous edition with over 15m visitors
Riyadh, Saudi Arabia - Riyadh Season 2023 is poised to surpass the record set in 2021, with over 15 million...Economy
Widows in Jordan battle livelihood, mental health issues
The number of breadwinning widows in the kingdom is around 30,000, according to the official data.The number of breadwinning widows in the kingdom is around 30,000, according to the official data
The Department of Statistics estimates that around 8 percent of widows were jobless in 2021
Ukraine asks Turkey to detain Russian cargo ship
Ukraine on Friday asked Turkey to detain a Russian-flagged cargo ship that Kyiv alleged had set off from a Kremlin-occupied...Kyiv's ambassador to Ankara said the ship had set sail from Ukraine's Kremlin-occupied port of Berdyansk
The Marinetraffic.com website said the 140-metre general cargo vessel was sailing under the Russian flag
GCC govts lend roof to residents via interest-free loans
The value of home loans granted by the GCC govts to their residents range between $150,000 and $330,000 and are...Many GCC countries provide interest-free home loans to their residents to strengthen their family conditions and provide adequate living space
Loans granted by GCC govts to residents range between $150,000 and $330,000 and are repaid through simplified methods and in short payments.
Free trade pact with UAE will help Indonesia, says envoy
The Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and the UAE on Friday will bring economic prosperity to a...The trade pact is expected to boost imports of petrochemicals from the UAE to Indonesia
Indonesia imports around two million tonne of petrochemicals annually from the global market
Abu Dhabi Industrial Strategy to boost growth, says Dr Al Jaber
UAE Minister of Industry and Advanced Technology Dr Sultan bin Ahmed Al Jaber said the country continues to empower the...UAE empowers the industrial sector and increase its competitiveness by leveraging its resources, advantages and capabilities
The strategy will support national industrial growth, nurture and empower Emirati talent, create a smart circular economy
‘Industrial sector a key player in Abu Dhabi’s economy’
Industrial sector performs key role in Abu Dhabi’s economy and a new industrial financing entity will soon be established for...ADDED chairman says a new industrial financing entity will soon be established for large industries and SMEs
He said initiatives such as reducing electricity, water and gas tariffs have been launched to attract investments
Abu Dhabi to set up industrial financing entity: Chairman ADDED
A new industrial financing entity will soon be established in Abu Dhabi to finance large industries and small and medium-sized...The entity will finance large industries and SMEs as industrial financing requires the establishment of new frameworks, Al Hammadi said.
Abu Dhabi's industrial sector contributed about AED 83.5 billion to the emirate's GDP in 2021.
Europe revives Syria phosphate imports, profiting Russian firm
Syrian phosphates used for fertiliser are being exported to Europe in bulk, benefitting a Russian firm and the sanctions-hit Damascus...The regime in Syria has since 2015 been heavily backed by Russia in its long-running civil war
The trade is growing fast as the war in Ukraine drives up fertiliser and phosphate prices
Online platforms help GCC reduce local unemployment
Many Gulf countries have set up electronic platforms to localize government and private sector jobs to reduce the national unemployment...Many Gulf countries have set up electronic platforms to localize govt and private sector jobs to deal with national unemployment.
These platforms provide residents with quick and accessible electronic services for applying for government and private sector jobs.
US price increases held steady, consumer spending growth down: Report
The world's largest economy has been battered for months by a cresting inflation wave, made more painful by the surge...The personal consumption expenditures (PCE) price index rose 6.3 percent compared to May 2021.
Excluding volatile food and energy prices, PCE rose 0.3 percent in the month, the same as in April.
