Bahrain and Slovakia to ramp up cooperation in urban planning
Manama, Bahrain-- Bahrain and Slovakia are looking to ramp up the ongoing cooperation in urban planning and sustainable development.In this...Business Economy
Tesla’s Musk throws down the gauntlet
Amid declining sales and safety concerns, CEO covets more control, seeking solace in SpaceX's success.Business Economy
UAE economic growth in 2022 to reach 4.7 percent driven by oil and non oil sectors, says World Bank
UAE economy to improve in 2022 as the country's financial reserves reflect solid growth, a strong financial system and resilient...The UAE in 2022 is keen on increasing the competitiveness of the private sector, said the Economic Advisor, Ministry of Economy.
The UAE government launched an economic stimulus package of AED 388 billion, said a senior official of the Ministry of Economy.
One out of three Islamic Development Bank member living in poverty
President of the bank Dr Muhammed Al-Jasser, who was speaking at the 16th World Bank Forum, on Islamic Finance, said...The Forum themed “Poverty Reduction Through Social Innovation and Entrepreneurship” was held on the sidelines of the IDB group's annual meeting in Sharm El-Sheikh.
The fight against poverty has always been at the forefront of the objectives of the bank's partnerships with member states and various institutions, Al-Jasser said.
IsDB’s Lives and Livelihood Fund provides $1.5bn to 33 member states
Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative.Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative
The IsDB and development cooperation partners launched a US$2.5 billion LLF in 2016 with a joint vision to raise the poorest out of poverty
Morocco launches agency to regulate medicinal cannabis
Morocco's national regulatory agency overseeing the use of cannabis for medical use met for the first time Thursday in one...Chaired by Interior Minister Abdelouafi Laftit, the "National Agency for the Regulation of Cannabis Activities" approved its organisation chart and budget for the year 2022
The agency will be responsible for controlling all stages of the production chain, from the import of seeds to the marketing of cannabis products
OPEC to boost oil production as prices surge and EU bans Russian imports
Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring...Analysts had expected OPEC+ producers to stick to their policy of modest output increases, as they have done since May 2021.
OPEC+ drastically slashed output in 2020 as demand slumped when the world locked down under the coronavirus pandemic.
Qatar launches Advanced Manufacturing Hub in partnership with WEF
The cooperation seeks to transform Qatar into an advanced economic and industrial hub by enhancing its international connections network.The cooperation seeks to transform Qatar into an advanced economic and industrial hub by enhancing its international connections network
Qatar's AMHUB is one of 13 platforms that were launched by WEF all over the world whose aim is to enhance the future of the industrial sector internationally
Demand for garments, footwear stagnant in Jordan
Asaad Qawasmi, the Jordan Chamber of Commerce's representative for the apparel, fabrics, footwear, and jewelry sector, said that demand has...Asaad Qawasmi, the Jordan Chamber of Commerce's representative for the apparel, fabrics, footwear, and jewelry sector, said that demand has plateaued since the Eid Al-Fitr
He expressed optimism that the market was expected to improve in about three weeks from now with the return of expats and visitors for the summer break
In Iraq, black community still on the margins
Centered in the city of Zubair, near Basra in the far south of Iraq, the community has its origins in...Centered in the city of Zubair, near Basra in the far south of Iraq, the community has its origins in East Africa
While activists denounce the community's marginalization, talk of racism or discrimination offends Zubair's inhabitants
Russians prepare for hardships as sanctions begin to hit
With billions of dollars in financial reserves and money still coming in from oil and gas exports, Russia has yet...Russians citizens are reporting a litany of problems, including shortages of everything from paper to medicine due to the European sanction imposed on Moscow
Direct air links with Europe have been severed and Russian citizens are unable to use their bank cards abroad
Jordan extends reduction of general tax for vegetable oils
The decision to bring some relief to people follows in light of the high prices of vegetable oils globally.The decision to bring some relief to people follows in light of the high prices of vegetable oils globally
The country also approved the integrated industrial partnership initiative for sustainable economic development signed between Jordan, the UAE and Egypt
