CBUAE balance sheet touches US$182 billion in November 2023
Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to $182.43 billion at...Economy
Iran, India reach final agreement on Chabahar Port
Tehran, Iran – Iran and India on Monday finalized an agreement for the development of the strategic Chabahar port in...Economy Geostrategy
UAE’s Covid-19 response gets global plaudits
Earlier this year, the UAE rose to the top of Bloomberg’s Covid Resilience Ranking, outperforming European countries in terms of...For one, smart-technology platforms were effectively used in the UAE to combat Covid-19
The UAE also adopted the mandatory use of face masks in March 2020, well ahead of the WHO recommendation
Marcos Jr eyes landslide as Philippines votes for new president
Millions of Filipinos thronged primary schools and other polling stations Monday to elect a new president, with the son of...Ten candidates are vying to succeed President Rodrigo Duterte in elections seen by many as a make-or-break moment for the Philippines' fragile democracy
But only Marcos Jr and his rival Leni Robredo, the incumbent vice president, have a credible chance of winning
Dubai ranked first globally in attracting greenfield FDI projects
The emirate attracted 418 greenfield FDI projects, Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said....Both FDI projects and FDI job creation witnessed a significant increase of 36 per cent in 2021, with an estimated 24,868 jobs in 2021, compared to 18,325 jobs in 2020.
The United Kingdom was the biggest source of FDI, accounting for 27 percent of total share of the FDI capital, followed by the US, France and Germany.
Jordan sees increased food demand in Ramadan
Medium- and low-income Jordanian families spend 45 per cent of their income on food, and are the most impacted group...Amman Chamber of Trade President Khalil Haj Tawfiq said this, noting that food sector sales picked up after falling in the first four days of Ramadan
Staple food items remained in sufficient supply during Ramadan, adding that 85 per cent of the Kingdom's food needs are imported from abroad
UN stresses strategic approach to address Palestinian economic situation
The United Nations has stressed on a more strategic approach to address the economic and fiscal crisis faced by the...A UN report warned of an uncoordinated approach to address the current political, economic and security challenges in the Occupied Palestinian Territory.
The report urges Israelis, Palestinians, regional States, and the broader international community to concrete steps to encourage the parties to further engage with each other.
Between searing drought and the Ukraine war, Iraq watchful over wheat
Iraq will have to import wheat this year as it may only grow 2.5-3 million tons of wheat, "not enough...Searing heat and a lack of rain were already threatening harvest in Iraq and now soaring oil and high-yield seed prices has become another financial burden for farmers
Hamid al-Nayef said that the government was helping farmers by raising the purchase price in order to pay producers around $500 per ton of wheat
Saudi King Salman enters hospital for ‘examinations’
King Salman entered King Faisal Specialist Hospital in the coastal city of Jeddah on Saturday ‘to conduct some medical examinations’.The 86-year-old King Salman has ruled the top oil exporter and the Arab world's biggest economy since 2015
He was most recently hospitalized in March, for ‘successful medical tests’ and to change the battery of his pacemaker
Oman natural gas production sees slight increase
The country’s National Center for Statistics and Information has announced that the country’s production of natural gas at the end...The consumption of natural gas in industrial areas rose 13.9 percent in March this year, compared to the same period in 2021
Gas consumption witnessed a decrease in oil fields by 7 percent and in power plants by 3.3 percent at the end of last March
Lebanon expat voters’ turnout in Arab countries and Iran reaches 36.43%
The election is expected to be a referendum on the country’s ruling class, which is widely blamed for the economic...A total of 11,268 Lebanese in Arab countries and Iran voted in the election of the country on Friday
This raised the overall turnout of expatriates in the country’s presidential poll to 36.43 percent
Saudi Arabia to attract $32bn investment in mining sector
The investment is expected to be made in nine new projects across the country.The projects are aimed at supporting supplies of mineral products to local and international markets
The ministry is currently studying 145 applications for exploration licenses from foreign companies
