UAE passport most powerful in MENA region, 11th in global index
Abu Dhabi, UAE - The UAE passport has climbed two positions to secure the 11th spot in the 2024 Passport...Economy
Saudi Arabia raises mineral resources estimates to $2.5 trillion
The Kingdom raised its mineral resources estimates from $1.3 trillion in 2016 on the exploration of nearly 30 percent of...Business Economy
Algerian, Chinese firms announce $7 billion phosphate mining deal
Four Algerian and Chinese firms announced a nearly $7 billion deal on Tuesday to relaunch a phosphate mining project set...The $7 billion deal to relaunch a phosphate mining project is set to produce millions of tons of fertilizer annually.
The deal comes three years after Algerian state energy firm Sonatrach and Chinese firm Citic announced a $6 billion deal to mine the same deposit in Tebessa province.
Palestinians in Gaza give up higher studies for Israeli wages
Gaza, a Palestinian territory of some 2.3 million people under Israeli-blockade since 2007, suffers from an unemployment rate above 50...And Israeli work permits have become a rarity for Palestinians in the last decade or so -- making the few on offer seem like gold dust.
Under current terms, workers from Gaza entering Israel are only covered for accidents if their Israeli employer agrees to pay for insurance.
Hellscape in Mariupol as UN chief pleads for Ukraine
UN chief says that around 100,000 people in Mariupol have been forced to live in a complete blockade with no...UN chief says that around 100,000 people in Mariupol have been forced to live in a complete blockade with no food, no water, no medicine
One group fleeing through humanitarian route from Mariupol were "captured by the occupiers", said Ukrainian President
UAE accounts for 77% of GCC investments in Latin America over 2016-2021
Saudi Arabia accounted for 22 percent of GCC investments to Latin America during 2016-2021, followed by Qatar with 1 percent.Saudi Arabia accounted for 22 percent of GCC investments to Latin America during 2016-2021, followed by Qatar with 1 percent
The report, titled Cultivating Ties: Deepening trade and investment between Latin America and the GCC, was issued ahead of the Global Business Forum Latin America 2022
Pandemic aided digital adoption by UAE businesses: PayPal survey
Survey analyses the impact of COVID-19 on small businesses, the key verticals of growth and the growing acceptance of digital...Survey analyses the impact of COVID-19 on small businesses, the key verticals of growth and the growing acceptance of digital payments
With adoption of digitalization, 41 percent of the respondents have seen increased purchases through social media channels
Foreign children risk languishing in Syria for decades: charity
Save the children data showed that 18,000 Iraqi children and 7,300 minors from 60 other countries are stuck in Syrian...Save the children data showed that 18,000 Iraqi children and 7,300 minors from 60 other countries are stuck in Syrian camps
United Nations data shows that around 56,000 people live in al-Hol, an overcrowded camp plagued by murders and escape attempts
Vietnam experts see Middle East as promising market for country’s exporters
Vietnam has signed economic, trade and scientific-technological cooperation agreements with five GCC countries.Vietnam has mostly traded with six member nations of the Gulf Cooperation Council in the Middle East region.
Trade between Vietnam and the GCC countries has surged from US$2.7 billion in 2012 to US$12.5 billion in 2021.
90 percent of Arab transactions made in six currencies: AMF director general
Six currencies account for 90 percent of transactions in the Arab world, said Dr. Abdulrahman bin Abdullah Al Hamidy, Director-General...The currencies are the Emirati Dirham, the Saudi Riyal, the Egyptian Pound, the Jordanian Dinar, the US Dollar and the Euro.
Buna Payment Platform is the first regional cross-border and multi-currency payment system that supports Arab transactions in investment: AMF
Kuwait, KSA agree on plan to develop joint offshore gas field
The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company
The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries
April 2 will be first day of Ramadan: International Astronomical Center
It will be possible to see the crescent with a telescope, but not the naked eye, from parts of the...Seeing the crescent on Friday, April 1, is not possible with the naked eye from anywhere in the Islamic world
It can be viewed only through a telescope, but with great difficulty, from parts of Africa and the Americas
