European Central Bank to signal no rush to cut interest rates
The Frankfurt institute is tipped to pause for the third meeting in a row following a historic run of hikes...Economy
Saudi GACA issues air carrier, airport classifications for December 2023
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...Business Economy Aviation
TotalEnergies takes $2bn share in Qatar’s giant gas expansion plan
Qatar's Energy Minister Saad Sherida al-Kaabi called the joint venture "a marriage more than an engagement" as it will last...TotalEnergies will take a 6.25 percent share of the North Field East Project in its joint venture with QatarEnergy
Exxon Mobil, Shell, ConocoPhilips are all in line to take part in giant expansion that Qatar originally wanted to finance alone
Sudan ship sinks with 15,800 sheep on board
An overladen ship crammed with thousands of sheep capsized Sunday off Sudan's Red Sea coast drowning the animals on board...The livestock vessel was heading from Sudan's port of Suakin to Saudi Arabia when it ran into trouble in the Red Sea
Sudan remains gripped by a chronic economic crisis, which has deepened following last year's military coup led by army chief Abdel Fattah al-Burhan
Sudan talks put off as civilian bloc refuses to be part of process
The second round of UN-facilitated talks aiming to resolve Sudan's political crisis following a military coup has been postponed, a...UN, AU and regional bloc IGAD launched "direct talks" to break the political stalemate in Sudan since last October's military takeover
Military officials of Sudan, representatives of several political parties and senior members of ex-rebel groups attended the "direct talk' on Wednesday
WTO negotiators finalize key texts on fishing, Covid vaccines
The WTO agreements on fisheries subsidies and a Covid vaccine patent waiver moved a step closer to completion Saturday after...World Trade Organization's first high-level meeting in five years where trade ministers and officials from 164 countries will meet
The global trade body said a draft text on a deal banning subsidies favoring overfishing had been handed over to the ministers
Kuwait keen on supporting IFAD for progress, says official
Kuwait is keen on supporting efforts by the International Fund for Agriculture Development to feed the poor and aid progress...Kuwait and Saudi Arabia had helped established IFAD in 1977
IFAD's aim is to help impoverished and hunger-stricken regions in the world
OPEC Fund to provide US$40m loan to Kosovo for reforms
The OPEC Fund for International Development will improve fiscal transparency, promote private sector development and enable environmental reformsThe comprehensive plan will improve fiscal transparency, promote private sector development
The plan will enable environmental reforms in the energy and waste management sectors
Jordan’s Economic Modernization Vision to simplify tax rules
Jordan's Economic Modernization Vision has proposed ways to simplify customs, taxes and shipping regulations for trade and retail businessThe vision focuses on the trade sector as a top national priority due to its contribution to the GDP
The vision is set to be implemented in three phases over the next 10 years
Pakistan unveils $47bn budget, 40% of it to service debt
Pakistan's new government, grappling with soaring inflation and political unrest, unveiled a 9.5 trillion rupee ($47 billion) budget Friday, earmarking...Prime Minister Shehbaz Sharif blames Pakistan's economic woes on his predecessor Imran Khan, who was ousted by a parliamentary vote of no confidence in April
Analysts, however, say the problems stem from decades of poor economic management by successive governments and military rulers
2021 State of Country Report proposes fighting extremism, drug menace
The report recommended empowering youth politically by activating the role of the Political Institute of the Ministry of Youth.The report recommended empowering youth politically by activating the role of the Political Institute of the Ministry of Youth
As for the tourism sector, the report stressed the need to launch a tourism-related trails program in Ajloun, Irbid, Madaba, Karak, Ma’an and Tafila
Meta’s Quest VR gear to let people ‘hang out’ in fake worlds
Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to...Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said
Horizon Worlds is far from a fully realized metaverse, a future internet where online experiences like chatting to a friend would eventually feel face-to-face thanks to VR headsets
