Dubai GDP growth up 3.3 percent in nine months of 2023
Real estate soared by 4 percent, while financial and insurance activities surged 2.7 percent. The knowledge economy improved with a...Economy
In Davos, AI excitement persists but fears over managing risks
A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...Business Economy Geostrategy Global Tech & Media
Qatar’s Ministry of Labor launches package of electronic services
Qatar's Ministry of Labor says the new electronic services will streamline procedures and ensure better quality of servicesQatar's Labor Ministry unveils electronic services for enhancing digital transformation and automation
The electronic services will speed up transactions and streamline procedures, says Labor Ministry
Food prices fall in May after hitting record high in March, cereal production may drop
World food prices dipped in May for a second consecutive month after hitting a record high in March, although the...FAO says world food prices dipped in May for a second consecutive month although the cost of cereals and meat rose
Global cereal production would drop in the 2022-23 season for the first time in four years, says FAO
Kuwait wants Schengen visa exemption for its citizens
Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted.Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted
Al-Ghanim said the Kuwaiti delegation responded to many questions on issues like human rights and women empowerment
UAE, Jordan, Egypt ministers discuss roadmap for new partnership
Less than a week after the signing of the Industrial partnership for Sustainable Economic Growth, ministers from the UAE, Egypt...The Ministers discussed time frames for implementing the initiatives and how their performance can be measured
The members approved the appointment of Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, as Secretary-General of the tripartite higher committe
ENEC, KEPCO discuss cooperation in nuclear sector, ways to curb carbon emission
The Barakah Plant will help in the decarbonization of the power sector in the UAE and the Arab WorldENEC, KEPCO discussed prospects for future cooperation and exploring the opportunities available in the nuclear energy sector
The overall completion rate of the Barakah Plant is now over 97 percent and the first and second units are producing electricity
Cybersecurity challenges keep Gulf region on its toes
About 25% of ransomware data theft attacks in the GCC are reported from the UAE followed by Saudi Arabia (15.5%),...Home networks in the UAE were a magnet for cybercriminals who targeted systems, devices, and networks
Saudi Arabia's Wired Telecommunications Carriers and Other telecommunications sectors ranked as the most targeted industries within the country
UAE Healthcare charity to receive donations in crypto
Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate...Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good
According to Chainalysis, the Middle East is one of the fastest-growing cryptocurrency markets in the world, making up seven per cent of global trading volumes
Turkey’s inflation climbs to its highest level in 24 years
Turkey's inflation climbed to its highest level since 1998, hitting an annual 73.5 percent in May, official data showed Friday,...The central bank refused again last week to raise its main rate, keeping it at 14 percent.
Transport prices jumped by 107.6 percent in May while food was up by 91.6 percent.
US adds nearly 400,000 jobs in May, jobless rate 3.6 percent
Restaurants and hotels that were decimated due to Covid-19 showed a strong recovery in May, adding 84,000 positions, the data...The jobless rate held steady at 3.6 percent for the third consecutive month
Employers have struggled to fill open positions, which has pushed wages higher
UAE attracted nearly $21 billion of FDI in 2021: Minister
The UAE succeeded in attracting more than $20.7 billion of Foreign Direct Investment (FDI) in 2021, which reflects the confidence...Minister of Economy Abdullah bin Touq Al Marri said the UAE ranked first in the MENA region and 15th globally on AT Kearney's FDI Confidence Index 2021.
UAE FDIs in Kyrgyzstan amounted to $12 million, making Emiratis among the top 20 foreign investor groups in the country.
