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 foreign investment projects second highest in world: UNCTAD
Abu Dhabi, UAE -- The UAE recorded the second-highest increase in the number of new foreign investment projects around the...Business Economy
Oil revenues help boost MENA economic growth
Economic growth in the MENA region is forecast to accelerate to 5.3% in 2022 before slowing to 3.6% in 2023,...Economic growth in the MENA region is forecast to accelerate to 5.3% in 2022 before slowing to 3.6% in 2023, according to the World Bank. Click for the country-wise breakup.
The global growth, meanwhile, is expected to slump from 5.7% in 2021 to 2.9% in 2022— significantly lower than 4.1% that was anticipated in January, it added.
Turkish share of global exports reaches 1 percent: Erdogan
Turkish exports, Erdogan added, have now reached 217 countries and regions around the world.Turkish exports, Erdogan added, have now reached 217 countries and regions around the world
He predicted that Turkey will exceed the export target of USD 250 billion set for the end of this year
UN urges WTO to not restrict food export for humanitarian purposes
The United Nations on Monday begged world trade ministers meeting at the WTO not to impose export restrictions on food...Countries meeting at the WTO's ministerial conference in Geneva this week are trying to reach a consensus position on food security
Russia's invasion has heightened concerns for global food security as Ukraine's Black Sea ports are blocked
Argentina holds passports of plane’s crew linking with Iranian Guards
Five Iranian crew of a cargo plane grounded in Argentina since last week have had their passports temporarily seized pending...The Revolutionary Guards, Iran's ideological army, is on a US blacklist of foreign "terrorist organizations."
Iran said Monday Argentina's move was part of a "propaganda" campaign against Tehran amid tensions with Western countries
Oman, Tanzania establish Joint Investment Fund
Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs.Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs
He revealed that the two countries would later sign MoU to collaborate on economic, investment, tourism and energy projects
Realty helps UAE’s economy settle into new normal
The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable...The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa tells TRENDS
Appetite for villas and townhouses will grow in upcoming years due to the rise of work-at-home trends and social isolation, as well as the expansion of residential areas
Saudi Arabia issues interim licenses for digital govt business
Saudi Arabia's Digital Government Authority issued the first package of interim licenses for digital government business to three companies -...Saudi Arabia's Digital Government Authority issues interim licenses for digital government business to three companies
Elm, Takamol Business Services and Thiqah to develop and operate 15 existing digital government platforms and products
Saudi Arabia adopts online registration for Hajj to combat scams
Saudi Arabia has required would-be hajj pilgrims from many Western countries to apply for visas via a government portal online,...It applies to the United States, Canada, the United Kingdom, Europe and Australia, an official told AFP on condition of anonymity.
Previously, pilgrims could register via travel agencies that organised hajj trips, a system that sometimes led to scams, with "fake agencies" making off with victims' money.
Germany, UAE can jointly invest in ‘new economy’, says top diplomat
Germany and the UAE as strong economic partners will continue trade but they can make joint investments in the 'new...Germany and the UAE as strong economic partners will continue with their trade in the traditional economy
Both the countries can make joint investments in the 'new economy' that will help achieve their net-zero targets
European Union spent $305 billion on environmental issues in 2021
The European Union's expenditure in 2021 on environmental protection, investments and consumption amounted to €292 billion ($305.4 bn), said Eurostat,...The expenditure has risen by over 3 percent on average each year, with a total increase of 54 percent since 2006.
The expenditure on environmental protection remained stable over the last 15 years at about 2 percent of GDP.
