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
ASFAR, Municipality of Al-Ahsa sign agreement
RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...Business Economy Tourism
UAE set to lead MENA metaverse
Firms in the region are now offering better participation, levels of cooperation and communication to their staff through productive workspaces...At its broadest, metaverse combines elements of social media, augmented reality, virtual reality, video games, cryptocurrencies and other advanced technologies.
As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
Sheikh Hamdan lauds success of Barakah Nuclear Plant
The UAE is continuing its move towards environmentally friendly energy sources to fulfill its international obligations regarding climate change and...The UAE is continuing its move towards environmentally friendly energy sources to fulfill its international obligations regarding climate change
The country will achieve the objectives to diversify energy sources and its ambitious strategic initiative for climate neutrality by 2050
Qatar discusses growth of digital economy with US Embassy
In a virtual meeting Qatari minister, US Embassy officials, American Chamber of Commerce personnel, government officials and representatives of the...Qatari minister speaks of his country's vision for a digital economy
He said US firms have a key role in Qatar's digital economy
US Federal Reserve hints at another interest rate hike
Federal Reserve Governor Christopher Waller on Saturday threw his support behind another large interest rate increase next month. The Fed on...The super-sized rate increase came as the Fed faces intense pressure to curb soaring gas, food, and housing prices
According to Fed Governor, central bankers were trying to prepare markets by offering guidance about when it would stop purchasing bonds
Sudan farmers resent government apathy to buy wheat
Over 18 million people, nearly half the Sudanese population, are expected to be pushed into extreme hunger by September, according...Sudanese officials have declared that they will not be able to buy this season's entire harvest due to lack of funds
Traders have offered to buy the farmers' wheat but at far lower prices that barely cover the cost of production
Growth likely to vary across regions and geographies
While the global economy has been slowing down, the picture looks very different across regions and geographies. This is based...While the global manufacturing PMI is still comfortably within expansionary territory, there are signs of a slowdown or even reversal of economic activity
Nevertheless, different growth patterns can be observed across regions and geographies, a latest report by Qatar National Bank (QNB) has highlighted.
Services assist Saudi economy recover, diversify fast
The Kingdom's service sector is expected to grow rapidly once the major Vision 2030 tourism and entertainment projects - Qiddiya,...The sector is expected to grow rapidly once the major tourism and entertainment projects are completed
The Saudi service sector is one of the most labor-intensive industries, so its development helps tide over the unemployment
Sharjah, Hungary discuss cooperation in cultural field
A high-level Sharjah's Department of Government Relations delegation was in Hungary to discuss mutual investment opportunities and outline ways to...Chairman of Sharjah's Department of Government Relations expresses his admiration for the Liget Budapest project
The project aims to renew Budapest’s most iconic public park while fully respecting its 200-year-old heritage
‘US$50bn investment a milestone in UAE’s climate action efforts’
The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts...The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts
The amount will be utilized to scale up climate action efforts through the deployment of clean energy solutions in UAE and abroad
CBJ asks local banks not to change interest rates on loans
The Central Bank of Jordan issues a circular asking local banks not to change interest rates on loans to individuals....The Central Bank of Jordan issues a circular asking local banks not to change interest rates on loans to individuals
CBJ’s decision comes in light of the current changes to interest rates and to ease the burden of repaying loans for individuals
