US economy defy expectations to grow stronger in Q4 2023
Washington, US - US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering...Economy
Real estate workforce in Saudi Arabia soars to 26,000 after localization push
Riyadh, Saudi Arabia - The Saudi real estate sector has witnessed a remarkable surge in local employment, boasting a substantial...Economy
UAE keen to create sustainable food systems in GCC: Minister
Mariam bint Mohammed Almheiri, UAE’s Minister of Climate Change and the Environment, has said UAE is keen to enhance efforts...Mariam bint Mohammed Almheiri was speaking at the 32nd Meeting of the GCC Agricultural Cooperation Committee.
Participants at the meeting also discussed nontariff barriers and the GCC’s cooperation with Jordan and Morocco.
Saudi Arabia’s merchandise exports up 98 percent in April: GASTAT
Saudi Arabia’s overall merchandise exports increased by 98 percent in April 2022 compared to April 2021, according to General Authority...The value of exports amounted to SAR137.1 billion ($36.53 billion) in April 2022, up from SAR69.3 billion in April 2021.
This increase was attributed mainly to oil exports, which rose by SAR60.5 billion or 123 percent in the same period.
‘Renewable energy is 20 percent of Jordan’s power output’
Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable...Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission
The Secretary-General called upon Arab nations to develop their own renewable energy industries rather than importing foreign technology
Tunisia trade unions chief rejects IMF conditions for bailout loan
The head of Tunisia's powerful UGTT trade union confederation on Thursday rejected conditions set by the International Monetary Fund for...IMF's regional chief Jihad Azour has said Tunisia "needs to urgently tackle its fiscal imbalances", replace generalized subsidies with transfers targeting the poor.
But Noureddine Taboubi, head of powerful UGTT trade union confederation, rejected "the painful options they're talking about".
Energy security vital for economic growth, says Saudi minister
Saudi Arabia's Minister of Finance Mohammed bin Abdullah Al-Jadaan said energy security is very important for the economic growth and...Saudi Arabia's finance minister says energy security is important for the economic growth and prosperity of the world
The finance minister says energy supplies, economic development and climate change vital aspects of the world
UAE to issue dual-tranche dollar benchmark size bonds
The UAE government has announced it will issue a dual-tranche US dollar benchmark size bonds with a 10-year tranche and...The bonds are a 10-year tranche and a 30-year Formosa tranche.
The 10-year tranche will be listed on London Stock Exchange and Nasdaq Dubai, and the 30-year tranche will be listed on LSE, Taipei Exchange and Nasdaq Dubai.
Kuwait dissolves parliament and heads to elect new government
Kuwait's crown prince announced Wednesday the dissolution of parliament and called for new elections amid escalating disputes between the legislative...The cabinet, the fourth to be formed in two years, resigned in April, three months after it was sworn in, but continued to act in a caretaker capacity
Oil-rich Kuwait has been shaken by disputes between lawmakers and successive governments dominated by the ruling Al-Sabah family for more than a decade
G7 summit to inflict more pain on Russia over Ukraine invasion
Leaders at the upcoming G7 summit in Germany will announce new measures aimed at pressuring Russia over its invasion of...The club of wealthy democracies is at the heart of a fierce economic and diplomatic campaign to punish Russia
After attending the G7 summit, Biden will fly to Madrid for a summit of the NATO military alliance
US president faces historic leadership task in Europe
Leader of the free world sounds like a superhero character, but the Joe Biden heading this week to twin European...Biden will tout the success of a monumental effort to rally the West and breathe new life into NATO
Biden refers to his presidency as an inflection point in a battle for the survival of Western democracy against the likes of Russian President Putin
Earthquake destroys more than 2,000 homes in Afghanistan
An estimated 2,000 homes have been destroyed by the deadly earthquake in Afghanistan, and a lack of machinery is hampering..."We believe that nearly 2,000 homes are destroyed," the UN's humanitarian coordinator for Afghanistan Ramiz Alakbarov told reporters
Even before the Taliban takeover, Afghanistan's emergency response teams were stretched to deal with the natural disasters that frequently struck the country
