Rising costs, debt challenges grip Egypt’s economy
Egypt begins 2024 with steep increases in essential services' prices, exacerbating the economic strain on its citizens amidst a broader...Economy
Quiet and not-so-quiet luxury at Paris Fashion Week
PARIS, FRANCE - The Paris Fashion Week menswear shows draw to a close on Sunday. Here are some of the highlights...Business Economy
Algeria president sacks finance minister after 4 months in job
The president "on Tuesday signed a decree ending the functions of Minister of Finance Abderrahmane Raouya," the presidency said in...The president "on Tuesday signed a decree ending the functions of Minister of Finance Abderrahmane Raouya," the presidency said in a statement
Raouya's sacking comes less than a month after Tebboune laid off central bank chief Rostom Fadli, in office for less than two years
Food security main agenda of UAE delegation in Netherlands
A UAE delegation visits Netherlands to exchange knowledge and best practices in the food sector with their Dutch counterparts with...The UAE delegation shared their wide range of expertise with their Dutch counterparts
The delegation learned first-hand about the latest innovations in Dutch agriculture technology
Qatar passenger traffic may surge by 105 percent in 2022: Report
The report of Qatar Aviation body is updated with the IATA Air Transport data (Airport-IS) related to schedule statistics until...Passenger traffic anticipates a surge ranging from +90 percent to +105 percent compared to the year 2021
The report suggests that the number of flights at Hamad and Doha International Airports could reach about 28,000
Kuwait awarded nearly $6 billion worth of tenders in 2021
The Central Agency for Public Tenders of Kuwait (CAPT) has awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of...The Ministry of Electricity, Water and Renewable Energy had won the lion's share of the tenders in 2021.
The Ministry of Health (MoH), with 25 tenders worth $364.6 million, grabbed the second position.
Jordan’s FDI in 2021 reaches $622million, Arab region’s $53 billion
The Foreign Direct Investment (FDI) in Jordan amounted to $622 million in 2021, constituting 1.2 percent of the Arab region's...UAE was the topmost FDI destination in the Arab world, with $20.7 billion or 39.1 percent of the region's total FDI.
UAE was followed by Saudi Arabia with $19.3 billion, Egypt with $5.1 billion, Oman with $3.6 billion, and Morocco with $2.2 billion.
Arab League calls for efforts to counter global economic crisis
The Arab League says the world is facing challenges from political, economic crises and armed conflicts and that unified efforts...Arab League says unified efforts are needed among countries in the region to confront challenges facing the global economy
The League says the world is facing a massive challenge from political, economic crises and armed conflicts
Jordan energy ministry inks MoUs for copper, gold exploration
Jordan's Ministry of Energy signed an MoU with a local company to explore for copper and it also signed another...Jordan's energy ministry inked an MoU with a local company to explore for copper in the Dana region of the Kingdom's south
The ministry signed an MoU with a Turkish company to explore for gold in the Abu Khashiba region, also in the south
Sharjah, Costa Rica strengthen economic, cultural relations
Sharjah is building on the long-standing historical ties the emirate shares with Costa Rica to bolster and deepen diplomatic and...The strong relations between Sharjah and Costa Rica are serving as a base for enhancing economic cooperation
The two sides can benefit through the mutual exchange of expertise in industries, culture, science, technology and economy
UN raises $5m to prevent oil spill disaster in Red Sea
The United Nations is launching a crowd-funding campaign for an operation intended to prevent an aging Yemeni oil tanker from...An operation to transfer its 1.1 million barrels of oil to a different vessel could begin next month, according to a website for the crowd-funding campaign
The 45-year-old oil tanker FSO Safer is in "imminent" danger of breaking up as it has not been serviced since Yemen's civil war
Turkey constructs Black Sea pipeline to pump natural gas
Turkey's president hailed on Monday the start of the construction of an underwater pipeline to tap a Black Sea natural...Sakarya gas field of Turkey could produce 10 million cubic meters by the first quarter of 2023, Erdogan said
He described it as "the largest natural gas field in Turkey's history", citing estimated reserves of 320 billion cubic meters
