Oil prices rise on Red Sea escalation, corporate earnings season
Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive...Business Economy Energy
Lunate Capital launches Shariah-compliant ETF tracking Indian equities
ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid,...Business Economy Markets
Qatar, Iran ink bilateral pacts in aviation sector
An agreement to increase the number of flights between Qatar and Iran was also signed.An agreement to increase the number of flights between Qatar and Iran was also signed
A series of meetings were also held between the two sides to enhance cooperation in the transport sector
Palestine wheat stocks could run out within 3 weeks
The cost of wheat flour in Palestine has already surged by nearly 25 percent because of the Ukraine crisis.Most households in the Gaza Strip are now buying food on credit
Many families are eating less and lower quality of food items
Jordan Interior Ministry introduces 5-year entry visa
The decision also grants visa holders a temporary three-month stay that is obtained directly at border posts on each trip.The decision also grants visa holders a temporary three-month stay that is obtained directly at border posts on each trip
The ministry said that it is working to create a safe environment for investors and simplifying procedures for their travel
From Denmark to Portugal, Europe ups effort to quit Russian gas
In Denmark, large black pipes are about to be buried in a muddy trench, as construction of a gas pipeline...In Middelfart in central Denmark, work resumed last month on the Baltic Pipe project intended to help Poland reduce its dependence on Russian
In southern Europe, Spain and Portugal are strengthening an alternative supply route to help Europe wean itself off Russian gas
How do MENA oil prices compare with the world?
Prices of crude oil have skyrocketed across the world, thanks to the Russian invasion of Ukraine and the subsequent sanctions...Russia is a major supplier of oil to European countries and the United States, besides other countries
However, they are not accepting crude from Russia anymore, pushing up prices of oil from elsewhere
WTO: War in Ukraine could halve 2022 global trade growth
Russia's invasion created a crisis of 'immense proportions' and a 'severe blow' to the global economy. Russia's war in Ukraine...Shares of Russia and Ukraine in overall world trade and output are relatively small but they are important suppliers of essential products, notably food, and energy
Europe is the main destination for both Russian and Ukrainian exports and therefore is likely to experience the heaviest economic impact
Cybersecurity – The rush to catch up with reality
The invasion of Ukraine was a major wake-up call globally for both governments and private firms. Small-to-medium businesses need to...The number of cyberattacks against small-to-medium businesses has increased by 150 percent over the past two years, and the companies’ defenses have not grown accordingly
Shortage of workforce, which needs to grow by 65 percent for organisations to be able to sufficiently defend their critical assets, is adding to the cybersecurity woes
UAE approves formation of council for digital economy
The United Arab Emirates (UAE) has given go-ahead to the formation of a digital economy council in a cabinet meeting....The strategy aims to double the contribution of the digital economy to the UAE's GDP from 9.7 per cent to 19.4 per cent within the next 10 years
The maturity of GCC digital economies could match that of Organization of Economic Co-operation and Development (OECD) countries within five years if they continue at the same pace
Saudi Eastern Province launches 11 investment projects in Dammam
Saudi Arabia’s Eastern Province has launched 11 investment projects in Dammam metropolis. The Undersecretary for Investments and Revenue Development, Eng....The launch of these investment sites is part of the objective of 40 investment projects with an area of ​​3 million square meters.
The duration of investment projects is 25 years, subject to extension, according to Undersecretary for Investments and Revenue Development, Eng. Hamdan Al-Aradi.
World Bank warns of bleak economic outlook for Ukraine, region
The conflict also has caused prices of grains and energy to soar.The World Bank's recent report has revealed that Russia will see an 11.2 percent decline in GDP as its economic consequences invading Ukraine
World Bank has predicted that Ukraine's economy can collapse by 45.1 percent in 2022
