Saudi Arabia leads world in innovation and investment
"This is in the service of humanity and in building an interconnected and innovative future in various fields, including public...Economy
Saudi Arabia announces operational start of this year’s Hajj season
Riyadh, Saudi Arabia - Saudi Minister of Hajj and Umrah, Tawfiq Al-Rabiah, officially inaugurated the operational activities for the 1445...Economy
Wheat harvesting begins in villages of Oman’s Adam Wilayat
The Department of Agriculture and Water Resources in the Wilayat of Adam in the Governorate of A'Dakhiliyah has started harvesting...The cultivation of wheat crop begins in Adam in November until March each year.
Wheat is harvested in a number of villages using modern machines instead of the traditional method.
Policy eyed as Mideast bears brunt of climate change
Disasters caused by climate change since 2000 have killed approximately 2,600 people, affected seven million others, and caused $2 billion...Temperatures in the region have risen by 1.5°C over the last three decades, twice the global increase of 0.7°C
According to the IMF, disasters caused by climate change have killed approximately 2,600 people since 2000
SAMA starts consumer microfinance licenses in kingdom
The Saudi Central Bank, or SAMA, has launched licenses for consumer microfinance operations in the Kingdom. This follows the bank’s...Microfinance targets individuals and small businesses, including self-employed people
Sulfah is the consumer microfinance company which is given a license by Saudi Central bank
Iran-Oman trade reaches a record $1.3b: Envoy
Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth...Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars
Ambassador revealed that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran
Morocco: World Bank forecasts 1.1% growth in 2022, 4.3% in 2023
"Growth in Morocco is projected to slow to 1.1 percent in 2022, as agricultural output declines by 17.3 percent due..."Growth in Morocco is projected to slow to 1.1 percent in 2022, as agricultural output declines by 17.3 percent due to the drought,” the WB said in its latest MENA Bulletin
The economy is projected to be driven by a still solid but moderating industrial performance and a faster recovery of tourism, the WB added
GCC exchanges recoup their losses
From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a...The Abu Dhabi index fell 1.3 percent on Thursday, its biggest daily fall in more than a month
The Dubai index on Monday climbed 1.3 percent to its highest in the previous two weeks
Over 1m medical tourists visit Iran in a year
Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health...Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health Mohammad Reza Tarjoman said
Tarjoman said there are 200 medical centers that have permission to accept foreign patients underlining that Iran is ranked 46 worldwide in the area of health tourism
Lebanon: War in Ukraine means price rises amid climate crisis
There will be little to eat for many Lebanese when they break their fasts this Ramadan – but support from...There will be little to eat for many Lebanese when they break their fasts this Ramadan, but support from the WFP is delivering hope in the face of crushing price rises
Working with the American University of Beirut, WFP is currently implementing a pilot project that is strengthening the adaptive abilities of rural communities
Tunisia tourism revenues climb 48% to $200m by April 10
The country’s external debt services went up 5 percent, from nearly TND2 billion ($666.69 million) to about TND2.1 billion ($700.02...Cumulative labor income saw a 15.3-percent rise to TND1.9 billion ($633.71 million) on April 10
This was against the TND1.6 billion ($533.42 million) on the same day in 2021
45% employees in UAE yet to save for retirement
While 44 percent of UAE residents want to retire from their jobs before they turn 55, most of them have...Forty percent of respondents said they would begin saving ten years or less before retirement and 53 percent of those who save put their money in conventional bank deposits
Twenty seven percent respondents felt they can retire on less than US$ 2,500 amount per month, while the same proportion thinks US$ 5,000 will suffice
