Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP,...
The World Bank said in its interim damage assessment, this is equivalent to 97 percent of the combined economic output...
Executive regulations governing public-private partnership will be issued soon, an official of the Finance Ministry said.Executive regulations governing public-private partnership will be issued soon, an official of the Finance Ministry said
The contracts with the private sector will be long term and subject to clear-cut mechanisms, he added.
The US government deficit will fall dramatically this year to $1 trillion, down from levels not seen since World War...The budget shortfall in the current fiscal year will shrink significantly from the prior year, when it reached nearly $2.8 trillion due to the massive spending
The CBO expects the deficit to fall again in the next fiscal year which runs October 1 to September 30 but rise to 6.1 percent of gross domestic product (GDP) by FY2023
Greece will send Iranian oil from a seized Russian-flagged tanker to the United States at the request of the US...Authorities that seized oil didn't provide any details about how it would be transferred to the US
Tehran protested against Greece and called it "international robbery"
Saudi Arabia's non-oil exports surged to $7.52 billion in March 2022, according to the General Authority for Statistics, also known...Non-oil exports excluding re-exports rose by 22.4 percent year-on-year
On a month-on-month basis, Saudi Arabia's exports of crude and refined oil jumped 35.7 percent, having set a record high increase at least since February 2017
Gold consumption in the GCC region reached 47 tons in the first quarter of 2022, up 18 percent from the...Gold consumption in the GCC region reached 47 tons in Q1 2022, up 18 percent from the prior year
UAE consumption reached 12.50 tons in Q1 2022, an increase of 50 percent from the previous year
Several partnerships and collaboration agreements were signed between leading aerospace, aviation, space and defense organizations during the sixth edition of...LeoLabs announced a multi-million dollar award to provide data and services for the Japan Air Self Defense Force (JASDF).
Sanad and Triumph Group sign MoU outlining their plans to collaborate on the provision of next-generation engine MRO capabilities in UAE.
Russia said Wednesday that it will start paying its foreign debt in rubles after the United States ended an exemption...Punishing Western sanctions on Russia have largely severed the country from the international financial system.
Russian Finance Minister Anton Siluanov said the current situation was "artificially created by an unfriendly country".
Tehran and Moscow are seeking to expand cooperation in energy and trade, officials said Wednesday, as Russian Deputy Prime Minister...Both countries have huge oil and gas reserves but are constrained by sanctions imposed by the West.
The two countries vowed to increase the use of their national currencies in their trade exchange.
According to the UAE’s Federal Competitiveness and Statistics Centre, this was a growth of 20.5 percent compared to AED414.6 billion...Gold topped the list of leading commodities included in the UAE’s non-oil foreign trade, with a value of AED84.4bn
Diamonds stood second with a value of AED40bn, followed by telephone and communication devices with a value of AED37bn
Saudi Arabia’s non-oil exports in the first quarter of 2022 reached 77.8 billion riyals ($21 billion), growing nearly 29 percent...Overall merchandise exports increased by 72.7 percent in Q1 2022 compared to Q1 2021, reaching 359.3 billion riyals, up from SAR 208.0 billion in Q1 2021.
This increase originated mainly from oil exports, which rose by SAR 133.6 billion or 90.3 percent in the same period, the General Authority for Statistics said.
