UAE ranks first in Arab world in labor-resilient countries, says report
Dubai, UAE -Â Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor...Business Economy Geostrategy
WTO head ‘less optimistic’ for world trade due to Red Sea strikes
The head of the international trade body said weaker global economic growth, "worsening geopolitical tensions, the new disruptions we see...Economy Geostrategy
Iraq’s financial reserves may reach $40 billion by 2022 end: Official
Iraq's financial reserves are expected to reach $40 billion in case the current fiscal year ends without enacting a budget...Mazhar Muhammad Salih, advisor to Prime Minister, said the caretaker government will work hard to support Iraq's food security.
Salih added that the annual government spending in the general budget constitutes nearly half of the gross domestic product.
Qatar Chamber signs deal with Spanish firms to promote trade
Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation...There are about 50 Spanish companies operating in Qatar in various sectors like trade, contracting, services.
Bilateral trade exchange between both countries hit $1.2 billion last year compared with $820 million in 2020.
Tunisian weavers turn rags into eco-friendly rugs
Tunisian weavers are recycling old clothes into carpets using traditional techniques. This gives women a livelihood and elevate the status...Tunisian weavers are recycling old clothes into carpets using traditional techniques.
This gives women a livelihood and elevate the status of handicrafts in the country.
Iraq will have a surplus of the difference in selling oil: FM
Iraq's Finance minister said during a Television interview, "Iraq will have a surplus of the difference in selling oil, up...Minister said in a Television interview, "Iraq will have a surplus of the difference in selling oil, up to 20 billion dollars"
According to the Iraqi Minister, 2021 budget is unable to cope with economic fluctuations
Strong demand spurs Dubai’s realty growth
The market performed well in 2021, with average home prices and rents increasing by 9.3 percent and 8.3 percent, respectively....According to a report by Asteco Property Management, 2021 witnessed the delivery of about 17,000 housing units, including 15,000 apartments and 2,000 villas
Manager Partner of BSA, Jimmy Haoula, explained that the UAE had outshined many of its neighboring jurisdictions with a welcoming economy and a safe place to grow and live
Al-Daghmi: Jordan is strong under its ‘wise Hashemite leadership’
Al-Daghmi said Hashemite leadership had built Jordan hand in hand with his sons to be a model in the Arab...Al-Daghmi said Hashemite leadership had built Jordan hand in hand with his sons to be a model in the Arab region
Representative Obeid Yassin said that the Hashemite leadership was and still is the safety valve in the homeland
Russian army says Mariupol steelworks ‘totally liberated’
Russia's Defense Minister Sergei Shoigu informed president Putin of "the end of the operation and the complete liberation of the...Russia's Defense Minister Sergei Shoigu informed president Putin of "the end of the operation and the liberation of the city of Mariupol."
On May 20, the last group of 531 Azov regiment of Ukrainian soldiers in Mariupol surrendered to Russian army, Russian official has confirmed
Lebanon cabinet passes financial recovery plan during last session
The cabinet of bankrupt Lebanon, at its final session on Friday, passed a financial recovery plan needed to secure international..."Any delay in implementing the financial recovery plan will be very costly to Lebanese," Prime Minister Mikati said
The International Monetary Fund and Lebanon in April struck a conditional deal for $3 billion in aid
Key Iraq irrigation reservoir close to drying out
Iraq's Lake Hamrin, a once-vast reservoir northeast of Baghdad that is the sole source of water for irrigation across Diyala..."There are no other sources of water in the province -- the volume arriving in Lake Hamrin is the volume used in the province," an Iraqi official said
The problem is not exclusive to Diyala province. The World Bank predicts that without major changes, Iraq will have lost 20 percent of its water resources by 2020
GCC ready to deal with global inflation, sectoral shifts
However, Hamade believes that the markets in the Gulf region are better prepared to navigate the economic headwinds given the...Local production, technology, and the improving quality of goods and services alleviate the pressure of exports, says Amanat Holding's CEO Dr Mohamed Hamade
Startups have been contributing to driving economic self-sufficiency aided by homegrown production and facilitation to reduce the burden of imports, he adds
