Beijing, China -- China will on January 1 launch an "action plan" for boosting management and operations of its digital...
From the 1980s onward, the federal government and individual emirates launched broader diversification and liberalization programs to reduce reliance on...
Emirate's new tourism strategy aims to increase the sector’s contribution to GDP from $13.34 billion in 2023 to $24 billion...The Strategy will generate an estimated 178,000 new jobs by 2030 as the entire tourism infrastructure develops to meet this demand
It intends to almost double international overnight visitors from 3.8 million in 2023 to approximately 7.2 million in 2030
MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year. The Russian...Mikhail Mishustin said that the volume of LNG exports rose almost three-fold in six years.
In January - February 2024, natural gas production in Russia increased by 11.3 percent year-on-year.
The World Bank said in its interim damage assessment, this is equivalent to 97 percent of the combined economic output...The bank said the rate of damage appears to be leveling off as few assets remain intact
The report also found that more than half of Gaza's population were on the brink of famine
GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable...Four years on, the GCC has not just recovered faster than was expected, but it has also led the global tourism recovery with a 122% surge in arrivals in 2023 compared to 2019
The region has assiduously worked for it with its two major economies, Saudi Arabia and the UAE, embarking on economic diversification with tourism one of the thrust areas
Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) announced on Monday that the share of retail consumer electronic payments...The achievement is attributed to the significant growth of payments processed through national payment systems in 2023
The evolving cost-effective and reliable e-payment system helps enhance transaction efficiency, and support financial stability
Non-oil growth to stay robust, bolstered by a strong non-oil GDP growth in the region's two biggest economies, UAE and...The disruption to Red Sea trade has revived discussions around the need for alternative trade corridors
There is a growing momentum around green financing following the success of COP28 and the introduction of green finance frameworks
ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...The number of licenced insurance companies in the UAE remained at 60, the CBUAE announced in its quarterly economic report.
The insurance of persons and fund accumulation premiums decreased by 12.4 percent YoY.
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023.
A key risk is that the US Federal Reserve and other major central banks might keep interest rates higher than before the pandemic.
Bangkok, Thailand--Asian economies are not doing as well as they could and growth in the region is forecast to slow...A World Bank report said that policy uncertainties, trade barriers are impeding the region's economies
The report added that Asia’s economies are growing more slowly than before the Covid pandemic
"These banks excel not only in financial performance but also in adapting and innovating. Through partnerships with global entities like...At the forefront of this remarkable journey are banks like the National Bank of Iraq and the Bank of Baghdad (BBOB), which have exhibited exceptional growth and profitabitability
The establishment of the "National Company for Electronic Payment Systems in Iraq" underlines the sector's proactive approach towards embracing cutting-edge technology
