US Federal Reserve’s favored inflation gauge rises before rate decision
The US Federal Reserve's favored measure of inflation ticked higher last month, according to government data published. The latest announcement...Business Economy Geostrategy
Dubai wins right to host 349 business event in 2023
DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...Business Economy Global Tourism
Algeria jails Bouteflika-era energy minister for 20 years
An Algerian appeals court on Tuesday upheld a 20-year prison sentence for corruption against Chakib Khelil, energy minister for a...Khelil, now 82, quit his post in 2010 and moved to the US after being associated with a scandal involving high-ranking Sonatrach officials who were later jailed
He returned to Algeria in 2016 after the cases were dropped - then left again after Bouteflika's resignation in 2019 that sparked investigations into graft by his officials
Israel to dissolve parliament, hold new elections
The Israeli parliament unanimously approved early Tuesday a draft bill to dissolve parliament, a key legislative step that pushes the...The Bennett coalition said it wanted quick approval of the law after he announced last week that his year-old alliance was no longer tenable
Netanyahu and his allies have been holding talks seeking to form a new Netanyahu-led government within the current parliament
Iran signals approval for Turkey’s military operation in Syria
Iran's foreign minister signaled that Tehran would not oppose a new proposed Turkish military operation targeting outlawed Kurdish militants in...Erdogan has said he expects Turkey's allies to "understand and respect" the proposed military campaign
Turkish president has confirmed that the offensive on Syria would begin "as soon as our preparations are finished"
Easy Metaverse norms to keep region ahead
The Gulf countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only...There is a need for assessing the role and impact of Metaverse and Blockchain in the GCC region, says MILLION CEO Julien Hawari
GCC countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only some regions, he adds
Turkey supplies combat drones to Ukrainian army
Turkish drone-manufacturer Baykar, which has President Recep Tayyip Erdogan's son-in-law as one of its directors, offered three of its drones...Turkey has never announced any military aid to Ukraine, but this delivery could hardly take place without Erdogan's endorsement
Ukraine has already said that the Turkish drones it had at the start of the war had proved their worth against the Russian forces
Beside oil, pilgrims help KSA economy boost revenues
The Haj season enhances Saudi Arabia’s political and religious prestige while contributing to its annual revenue of around $8 billion...The Haj season enhances Saudi Arabia’s political and religious prestige while contributing to its annual revenue of around $8 billion and creating thousands of jobs
By 2030, the kingdom aims to raise pilgrim capacity to 30 million, eyes more than $150 billion in revenue and creation of over 100,000 new jobs
Saudi-Italian space agencies ink pact on cooperation
The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field...Saudi Space Commission, Italian Space Agency sign an MoU to enhance cooperation in space-related activities for peaceful purpose
Federation of Saudi Chambers and General Confederation of Italian Industry ink an MoU to establish a joint Italian-Saudi business council
Qatari private exports value surge by 46 percent in Q1 2022
Qatar Chamber (QC) said in its quarterly report that the export value of private sector in Q1 2022 hiked to...During Q1 2022, Asian countries (except GCC and Arab countries) received 50.4 percent of total exports valued QAR 3.89 billion.
India was the top business partner receiving exports valued around QAR 1.79 billion representing 32.2 percent of total exports.
MENA nations make some ‘genuine progress’
Several MENA countries have fared well on all three domains of the Genuine Progress Indicator, which has been hailed as...The GPI nets the positive and negative results of economic growth to examine whether or not it has benefited people overall.
GPI incorporates environmental and social factors which are not measured by GDP.
UAE’s Ministry of Energy and Infrastructure wins DACA Awards
The UAE Ministry of Energy and Infrastructure received the 'Sustainability Leader in Shipping' award and a 'Decarbonization Champion in Power...The UAE Ministry of Energy and Infrastructure was received the Sustainability Leader in Shipping award
The ministry also got a Decarbonization Champion in Power Sector award during the Decarbonization and Climate Action Awards
