ArcelorMittal wants ‘amicable solution’ on Italy steelworks
ROME, ITALY - ArcelorMittal has offered to sell its stake or become a minority shareholder in an Italian steelworks after Rome...Business Economy
Cinema ticket prices in Saudi Arabia decline by 16% in 2023
Riyadh, Saudi Arabia - The average cinema ticket prices decreased by over 16% in 2023 compared to the previous year,...Business Economy
Saudi GDP up nearly 10 percent in Q1 on oil activities
The Gross Domestic Product (GDP) of Saudi Arabia grew by 9.9 percent in Q1 of 2022 compared to Q1 of...The GDP Report for Q1 2022 was released by the General Authority for Statistics (GASTAT).
The growth in Saudi's GDP is due to a surge in oil activities by 20.3% in Q1 2022 compared to Q1 2021.
GCC economies to grow by 5.9% in 2022: World Bank
The current rebound is due mainly to strong growth in oil exporters boosted by rising oil revenues and a general...In Saudi Arabia, strong oil production growth and a robust recovery in the non-oil sector is expected to drive
The United Arab Emirates should also benefit in the near term from rising oil prices
Masdar City, DANA to develop beta site for agritech
Masdar City, DANA, beta site, agritech, pilot projects, greenhouses, net houses, open field farming, water scarcity, irrigation, greenhouse cooling, soil...Masdar City, DANA sign MoU to help contribute to agritech sustainability
MoU to help UAE in meeting objectives as per National Food Security Strategy 2051
Boris Johnson survives no-confidence vote by 211/148
The vote just over two years after he won a landslide general election victory was brought after a string of...The vote just over two years after he won a landslide general election victory was brought after a string of scandals that have left the Tory party's standing in tatters
Chief among them was the "Partygate" controversy over lockdown-breaking events at Downing Street, which caused public outrage
Nasdaq Dubai welcomes US$ 3.25bn Indonesian Sukuk listings
The two tranches comprise US$ 1.75bn five-year Trust Certificates with a 4.40% yield and US$ 1.5 billion 10-year Trust Certificates...The two tranches comprise US$ 1.75bn five-year Trust Certificates with a 4.40% yield and US$ 1.5 billion 10-year Trust Certificates with a 4.70% yield
The listings further strengthened Dubai’s position as one of the largest centers for Sukuk listings globally, with a total listed value of US$ 80.9 billion
Egypt’s net foreign reserves at $35.5bn by May end
The Central Bank of Egypt said that the net cash reserve balance covers five months of commodity importsThe Central Bank of Egypt said that the net cash reserve balance covers five months of commodity imports
Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan
Jordan govt, SJIF ink $400m healthcare agreement
Jordan Prime Minister Khasawneh said the healthcare project serves as a launchpad for future investments mentioned in the Jordan Investment...Jordan Prime Minister Khasawneh said the healthcare project serves as a launchpad for future investments mentioned in the Jordan Investment Fund Law
The project will be based on a BOT model, as ownership of the project will be transferred to the Jordanian Government after the end of the investment period
Israel govt loses key vote in setback for coalition
Israel's government suffered a defeat at the hands of the opposition Monday which voted down a push to uphold Israeli...Two members of the broad coalition voted at first reading against the bill
Their rebellion, however, does not call into question the continuation of Israeli law in the West Bank
Iraq PM’s advisor gives reasons for no consent of final accounts
Iraq PM's advisor identified two main factors that contributed to stall the approval of the state's final accounts 10 years...Two main factors contributed to stall the approval of the state's final accounts 10 years ago
Government final account is one of the most important financial statements that is prepared annually
Stock markets up globally as China eases lockdown
Adding to the upbeat mood were comments from US commerce chief Gina Raimondo that she was considering lifting tariffs on...Traders took heart also from a wind-down of Covid containment measures in China that have crippled its economy for months.
As infections trended down in major cities, cities like Shanghai and Beijing authorities allowed some sense of normality to return.
