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
Markets track Wall St rally but China worries cast shadow
Broader markets were also enjoying a day in the sun though traders struggled to maintain the morning's momentum. Tokyo put...Economy
Jordan’s Petra sees 86,000 visitors in May 2022
The figures showed that 60,640 of the visitors were of foreign nationalities, while 25,670 were of Arab and Jordanian nationalities.The figures showed that 60,640 people of visitors were of foreign nationalities, while 25,670 were of Arab and Jordanian nationalities
In comparison, a total of 87,622 people visited the city in May 2019, 81,268 of which were foreigners and 4,873 were Arabs and Jordanians
OPEC debates oil output boost amid Russian isolation
Major oil producers led by Saudi Arabia and Russia hold talks Thursday on whether to adjust output, hard on the...The 13 members of the OPEC, chaired by Saudi Arabia, and their 10 partners, led by Russia, drastically slashed output in 2020
They have increased output modestly to the tune of around 400,000 barrels per day each month since last year
UAE, Kyrgyzstan deepening economic cooperation: Al Marri
Al Marri said that the non-oil trade exchange between the two countries was valued at over US$828 million in 2021.Al Marri said that the non-oil trade exchange between the two countries was valued at over US$828 million in 2021
The UAE accounts for 98 percent of Kyrgyzstan’s total trade with the Gulf Cooperation Council
Jordan ranks first in Arab world on budget transparency survey
Jordan ranked first in the Arab world and 32nd globally on the budget transparency, according to the Open Budget Survey...Georgia ranked first, South Africa second and Sweden third on the list.
Only 31 percent of countries provide sufficiently detailed information to understand how their budget addresses poverty.
Iraq to France: Ready to supply European markets oil
Iraq's State Organization for Marketing of Oil (SOMO) has said it approached France about the possibility of Iraq's supplying the...About 60 percent of Russia's exports of crude oil go to the European continent, but in the shadow of Ukraine war, it will need new suppliers.
Italian Prime Minister Mario Draghi recently visited gas powerhouse Algeria as Rome steps up efforts to reduce its heavy reliance on Russian energy imports.
Disney+ releases a sneak peek at the content line up for MENA region
Disney+ has finally unveiled an extensive sneak peek at the line-up for the Middle East and North Africa (MENA).Disney+ has finally unveiled an extensive sneak peek at the line-up for the Middle East and North Africa (MENA)
Disney+ is the dedicated streaming home for movies and shows from Disney, Pixar, Marvel, Star Wars, and National Geographic, along with The Simpsons and much more
Morocco battles effects of climate change
A withering drought and poor harvests plus price hikes fueled by the war in Ukraine are threatening Morocco's fragile economic...The North African kingdom had bounced back last year after a sharp recession in 2020 due to the coronavirus pandemic
The International Monetary Fund has forecast even lower growth of 1.1 percent
Saudi central bank net foreign assets climb by $1.07bn in April
The net foreign assets of Saudi central bank rose by SR4.0 billion ($1.07 billion) to SR1.63 trillion in April, according...The kingdom's net foreign assets increased by 0.2 percent from SR1.63 trillion in March
Over the same period, the central bank's total assets fell by SR39.4 billion to SR1.85 trillion
UAE, Saudi Arabia set new halal economy goals for GCC
Beside halal food business, Islamic banking holds the largest share of the Sharia-compliant industry, says Nik Joharris Nik Ahmad, country...The expansion of the global halal industry has resulted in a steady increase in its market size from $3.2 trillion in 2014 to $5.6 trillion in 2021
Stringent regulatory norms, including mandatory halal labeling and certification rules for food and beverages, are propelling the market growth
Jordan’s oil expenditure up by nearly 50 percent in Q1 2022
Jordan's oil bill went up by 49.1 percent in Q1 2022, compared to the same period in 2021, the Department...The value of the oil bill in Q1 2022 increased to JD761 million compared to JD510 million in the same period of 2021.
Jordan’s crude oil import amounted to JD126 million, followed by gasoline with JD142 million and kerosene with JD9 million.
