Morocco joins UAE, Jordan, Egypt, Bahrain in regional industrial collaboration
Manama, Bahrain – Morocco became the fifth country to join the UAE, Jordan, Egypt and Bahrain at the fourth meeting...Economy
The UAE President swears in 3 new ministers
The ministers taking the oath of office were Dr Amna bint Abdullah Al Dahak Al Shamsi who was appointed as...Economy
Saudi Arabia to import 625,000 tons of wheat later this year
The wheat is being procured from Europe, North and South America, and Australia, and will arrive in Saudi Arabia from...The Russian invasion of Ukraine has threatened the food supply of not just Saudi Arabia but the entire Middle East and North Africa region
Saudi Arabia buys wheat, beef, and milk from both Ukraine and Russia and relies on them for various products, particularly agricultural products
Iran says oil production back to pre-sanctions level
Iran's oil production capacity has returned to the same level as prior to the reimposition of sanctions in 2018, when..."Oil production has reached pre-sanctions figures, despite economic pressures," said Mohsen Khojastehmehr, CEO of the National Iranian Oil Company
In a monthly report, the OPEC group of oil-producing countries estimated that Iran produced 2.54 bpd of oil in February
DFF to support tech startups in luxury retail challenge
Dubai Future Foundation (DFF) has announced the launch of a new, first-of-its-kind initiative in the region to encourage and support...The challenge is to utilize the latest technologies and innovations and contribute to the development of a quality and innovative experience for luxury brand customers.
The challenge is part of the Future of Luxury Retail start-up incubation program, organized by Dubai Future Accelerators, an initiative by the DFF.
Lebanon, its central bank have gone bankrupt, says Deputy PM
In the first official admission, Saadeh al-Shami said the losses have occurred and the government will try to reduce losses...Lebanon has been grappling with an unprecedented economic that the World Bank says is usually of scale associated with full-scale wars.
The country’s currency has lost 90 percent of its value, making it difficult for people to access basic necessities. Lebanon has not been able to afford consistent fuel imports.
UAE announces $2m prize for startups in agritech innovation
The UAE has announced a prize of up to $2 million for startups that can offer technology innovations to transform...The FoodTech Challenge is organized by the UAE Ministry of Climate Change and Environment and Tamkeen.
It is targeted at early-stage start-ups, ranging from international university-based research teams to individual entrepreneurs and small firms.
Zelensky calls Russian troops murderers as outrage grows over ‘war crimes’
Despite Russian denials of responsibility, condemnation was swift, with Western leaders, NATO, and the UN all voicing horror at reports...410 civilian bodies had been recovered from Kyiv's outskirts and 280 bodies were found buried in mass graves have been seeing as war crimes of Russia
Peace talks between Russia and Ukraine are scheduled to resume by video on Monday though Russian negotiator said it's too early for meeting between Zelensky and Putin
Russia invasion of Ukraine pushes Turkey inflation to record 61.1%
Inflation was up from 54.4% in February to 61.14% in March.The weakening lira and the rising cost of living has become a major source of discontent as President Recep Tayyip Erdogan faces election next year
The Turkish currency was stable following the latest inflation data, trading at 14.7 lira against the dollar and 16.2 lira against euro
76.5% of firms in Dubai recorded growth during Expo 2020: Report
Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting...Titled, 'Business Integration for Growth, Digital Transformation and Global Partnerships' the report was developed by the Chamber in collaboration with Oxford Business Group
Dubai Chamber of Commerce organized 98 events during Expo 2020 Dubai, which were attended by more than 25,000 participants from over 130 countries
UAQ signs agreements to support blue economy strategy
The emirate of Umm Al Quwain has signed a series of agreements to enhance cooperation and partnership to achieve its...In 2017, the World Bank defined blue economy as the ‘sustainable use of ocean resources for economic growth, improved livelihoods, and jobs’
The aim of UAQ’s Sustainable Blue Economy Strategy is to enhance investment attractiveness while developing the natural, cultural, and human wealth
Nearly 100 die in new Mediterranean boat tragedy: UN, MSF
Prior to the latest tragedy, the UN's International Organization for Migration had recorded 367 deaths in the Mediterranean so far...The commercial tanker Alegria 1 rescued four people from an overcrowded boat carrying hundreds of migrants through the Mediterranean sea
'Libya is not a place of safety,' said Doctors Without Borders while stressing that survivors 'are in need of urgent protection and care'
