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
Global leaders need digital skills for AI management
"Governments should design solutions to face these challenges rather than ignoring them, leveraging the positive effects and significant opportunities presented...Economy
Jordan’s exports from Jan-May 2022 hit $478 million
Amman Chamber of Commerce (ACC) said that the total value of exports during the January-May period 2022 amounted to JD339...Number of Amman Chamber of Commerce certificates of origin issued during the past five months of 2022 reached 10,879.
ACC issued 2, 269 certificates of origin to export goods to Saudi Arabia and 1508 certificates to the UAE.
Qatari businessmen to explore investment opportunities in Egypt
The Qatari Businessmen Association discussed investment cooperation with Mohamed Abdel-Wahab, CEO of Egypt’s General Authority for Investment and Free Zones....Chairman of the Qatar Businessmen Association's Board of Directors Sheikh Faisal bin Qassim Al-Thani stressed upon economic cooperation between the two countries.
He said there are multiple mutual economic opportunities between Qatar and Egypt to develop their cooperation in the trade and investment sectors.
Syria’s climate-scorched wheat fields produce little
The country is among the countries most vulnerable and poorly prepared for climate change, which is forecast to worsen.The trend is most evident in Syria's once-fertile northeast where wheat fields are drying to a crisp because of severe drought and low rainfall.
Before the war, Syria's wheat production was enough to meet local demand. Harvests then plunged to record lows, leading to increased dependence on imports.
GCC sees rise in non-oil sectors’ contribution to GDP
The region's countries have embarked on ambitious transformative plans to reduce dependence on oil and diversify their economies.The region's biggest economy, Saudi Arabia, unveiled its ambitious long-term strategy for the Kingdom, known as ‘Vision 2030’.
Since the price of oil has been volatile over the past few years, these countries have been exposed to economic disruption.
Qatar Central Bank strategy for FinTech to boost sector
Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the...Qatar Central Bank is working on the new strategy for financial technology and intends to launch it at the last quarter of 2022
QCB is creating the necessary infrastructure to enable banks to approve payments from digital wallets
ADX and nine listed companies to attend investors meet in London
Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and...The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia and others.
ADX said it will showcase its progress in its strategy to significantly increase liquidity and market capitalization.
Asian markets mixed as US jobs data give Fed room to hike rates
Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report...Hong Kong, Tokyo, Shanghai and Taipei all rose, but there were losses in Sydney, Singapore, Manila and Jakarta
US traders took flight after the closely watched non-farm payroll figures Friday, which showed more new posts created than expected
Commercial marinas to issue yacht sailing permits in KSA
Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
The initiative would ensure support for tourism development and enhance employment in the sector
Western powers to censure Iran amid stalled nuclear talks
Major European countries and the United States are expected to seek to censure Iran when the UN atomic watchdog meets...Iran has warned "any political action" by US and E3 group would "provoke without any doubt a proportional, effective and immediate response
The latest IAEA report said that Iran now has 43.1 kilograms (95 pounds) of 60-percent-enriched uranium
UAE President orders completion of AED2.3bn housing project
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that all housing grant applications will be processed in...All housing grant applications will be processed in the next five years, says UAE's Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei
It includes housing grant applications submitted by applicants who are eligible under the Programme's terms and conditions, the minister adds
