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
Abu Dhabi establishes Artificial Intelligence and Advanced Technology Council
Abu Dhabi, UAE-- The UAE President Sheikh Mohamed bin Zayed Al Nahyan has issued a law, as the ruler of...Economy
Tunisia appeals to IMF to be aware of social impact of reforms
Tunisian President Kais Saied on Tuesday urged the International Monetary Fund to take into account the social impact of any...Tunisia has been in preliminary discussions with the global lender for a new loan to save an economy ravaged by years of high unemployment and inflation
Tunisian President and IMF regional chief have discussed the "aspects of cooperation and liaison between the IMF and the Tunisian government"
Saudi crown prince, Jordan king meet amid thaw in ties
Saudi Crown Prince Mohammed bin Salman met with Jordan's King Abdullah in Amman on Tuesday to discuss regional and international...The tour of the Saudi Crown Prince acquires special significance as it comes before a planned Arab-American summit in July which Saudi Arabia will host
The visit to Jordan comes at a time when Jordan's economy is struggling with the economic knock-on effects of the Ukraine war
UAE’s FRC forms council for financial reorganization
UAE's Financial Restructuring Committee has formed a Consultative Council to provide an open discussion forum between the FRC and experts...Consultative Council has been formed to provide an interactive relation between FRC and the community
The Council will discuss and provide advice on financial reorganization and bankruptcy
Global personal luxury goods market hits US$300bn
The market benefited from an exuberant 2021 holiday shopping season across the regions, with a seven percent increase over the...Global personal luxury goods experienced a remarkable performance in the first quarter 2022
Luxury brands enjoyed growth from a strong holiday shopping season, maintain momentum in the US
Leadership supports growth of UAE as global manufacturing hub: Minister
UAE's Minister of Industry Dr Al Jaber said at the 'Make it in the Emirates' Forum that the national industrial...The national industrial strategy will leverage the UAE's competitive advantages to build a strong industrial sector
The strategy will help the country develop a diversified, self-sufficient and sustainable economy
Saudi Arabia lifts travel ban on Turkey, India, Ethiopia, Vietnam
The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries.The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries
Earlier this month, the kingdom lifted measures intended to prevent the spread of the virus, such as the requirement to wear face masks indoors
Inflation poses new challenges to Middle East, GCC
The global inflation wave -- affecting the US, EU and China and spreading to the Gulf countries -- is forcing...The global inflation wave -- affecting the US, EU and China and spreading to the Gulf countries -- is forcing common people to look for alternatives away from the govt actions.
The unprecedented inflationary hikes is the result of Russia's four-month-long conflict with Ukraine that has hit global supply chains and increased shipping expenses.
GCC countries likely to issue less debt this year
The Gulf region seems to have a better fiscal positions thanks to high oil prices and the recovery of the...The region seems to have a better fiscal positions thanks to high oil prices and the recovery of the economies from the Covid-19 related woes.
Analysts last year were especially concerned about Bahrain and Oman whose government debt ratios had risen sharply in recent years.
Air traffic to reach full capacity by 2023 despite uncertainty
Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit...Industry losses are expected to drop to $9.7 billion in 2022, an improvement from $42.1 billion in 2021.
The aviation industry was sent reeling by the pandemic, with passengers down by 50 percent in 2021.
UAE joins global clean energy partnership body
The partnership will enable access to a global hydrogen knowledge database and encourage cooperation with related initiatives and concerned entities.Joining the global initiative will support the UAE's long-term policies related to energy and hydrogen
It will boost the UAE's stature as a leading contributor to the development of international policies related to hydrogen
