Saudi Arabia announced new business regulations aimed at boosting transparency and easing the process of investing in the kingdom as...
- New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million,...
Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for...For the past year, Lebanon's power plants have depended on the deal with Iraq to produce one to two hours of electricity per day.
Residents in the poverty-stricken country largely rely on expensive private generators for power the rest of the time.
H1 2022 net profit increased by 232 percentH1 2022 EBITDA increased by 128 percent, compared with the same period in the prior year, to $ 3billion.
Q2 2022 EBITDA increased to $1.8 billion reflecting robust sales performance.
Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are prompting countries...Oil prices have dropped by $30 per barrel from a peak in June due to growing supplies and "escalating concerns over the deteriorating economic outlook, IEA said.
Prices of natural gas and electricity have jumped to new records, prompting some countries to switch to oil use.
- UAE's Ministry of Climate Change and Environment (MoCCAE) hosted a meeting with licensed feed manufacturers in the country to explore...
UAE's Ministry of Climate Change and Environment hosts a meeting with licensed feed manufacturers to talk of enhanced food production
Participants highlight the importance of modern technologies in feed production and to adhere to the highest safety standards
The figure is still six million higher than the pre-pandemic level of 2019, with the recovery in youth unemployment lagging...Many dropped out of the labor force, or failed to enter it altogether, due to the difficulty of finding a job during Covid-19 lockdowns.
The Arab states have the highest and fastest-growing unemployment rate of young people worldwide at 24.8 percent, 42.5 percent for young women.
The Central Bank of the United Arab Emirates has issued its Financial Stability Report for 2021, which outlines the measures...Among the steps were CBUAE's gradual exit strategy from the Targeted Economic Support Scheme as the UAE economic recovery commenced
The CBUAE also conducted risk-based supervision and solvency and liquidity stress tests to assess potential vulnerabilities.
- DEWA's net profit in H1 2022 is US$898 million
In H1 2022, DEWA's revenue is US$3.3 billion (AED12.08 billion), and net profit is US$898 million (AED3.30 billion).
DEWA's first half revenue increase of 15 percent to $3.3 b (AED12.08 b) was mainly driven by an increase in demand.
- The economists said that the plunge in economic activity and the sharp cuts to foreign aid by previous supporters of...
71 economists and development experts including Nobel economics prize winner Joseph Stiglitz and Yanis Varoufakis urged US to release Afghanistan's frozen assets
They said a recent US offer to give the Taliban access to half the money by setting up a trust with international oversight was not enough
- Sadr justified his calls for judicial action by noting that constitutional deadlines for appointing a new president and prime minister...
Sadr has invited MPs and his supporters to take legal action to demand that parliament be dissolved
Iraq's former PM earlier had called for parliamentary sessions to resume in order to study a possible dissolution of the body
CBK Governor said the decision was taken in light of the recent international economic and geopolitical developments.CBK Governor said the decision was taken in light of the recent international economic and geopolitical developments
The Governor added that the rate hike was to keep up with the major international interest rates, and to reinforce a favourable environment for economic growth
