Arab region faces soaring youth unemployment crisis
The region, with the world's highest youth unemployment rate, requires the creation of 33.3 million jobs by 2030 to accommodate...Economy
Saudi Arabia tops MENA in venture capital investment in 2023
Riyadh, Saudi Arabia - Saudi Arabia achieves first rank across MENA for the first time in terms of the amount...Economy
Startups in UAE capitalize on corporate reforms
New corporate laws and business-friendly policies give start-ups an upper hand in the UAE as they are predominantly created and...Corporate reforms will make more people try entrepreneurship in the UAE, say businesspersons
The UAE recognizes that high levels of technical skills proficiency are essential to thrive in the digital economy
Chinese cities and factories lock down as outbreak spreads
China cannot relax its zero-Covid policy just yet despite the low fatality rate of Omicron, say medical experts.Authorities in China have reported 2,300 new covid cases across the country on Monday
China cannot relax its zero-Covid policy just yet despite the low fatality rate of Omicron, say medical experts
Post-Covid retail outlook bright in GCC
Saudi Arabia and UAE, two biggest economies in the Gulf Cooperation Council region, rely heavily on retail industry.UAE and Saudi Arabia witnessed growth, albeit low, in the retail sector even during the pandemic.
Professional services network Deloitte has said that 2022 offers an opportunity for the long-overdue retail reset.
Jordan’s trade deficit with EU expands 12.9% to $3.77bn
Jordan’s trade balance deficit with the European Union countries expanded by 12.9% in 2021 compared to 2020.Total trade deficit reached about JD2.671 billion ($3.77 billion) in 2021
The value of national exports to EU countries increased by 29.9 per cent during 2021
DEWA completes first stage of world’s largest aquifer project
Dubai Electricity and Water Authority (DEWA) has completed the construction of the first stage of the Aquifer Storage and Recovery...The full scale of the ASR project can store up to 6,000 million imperial gallons of water once completed by 2025 as a strategic reserve.
The production capacity of desalinated water of DEWA is currently 490 MIGD, including 63MIGD using Sea Water Reverse Osmosis (SWRO) technology.
Jordan to receive $1.65bn in US aid in 2022
Jordan has seen several factors affect its economy, such as the conditions brought on by the Covid-19 and the Syrian...The US Congress has approved a new aid package for Jordan for 2022, estimated at $1.65 billion
The aid is expected to support Jordan’s development and reform programs during 2022
Governor chairs meeting to turn Makkah into a smart region
The meeting was attended by the Minister of Communications and Information Technology Abdullah Al-Sawaha, as well as the heads of...During the meeting, the governor was reportedly briefed on the work carried out by the Ministry of Communications to contribute to the transformation
Chief of these is the development of digital infrastructure, as the number of 5G towers reached around 4,000, and the average speed reached 155 Mbps
Tens of thousands march in climate protests across France
"When are we going to talk about it?" read a sign at demonstration in France where thousands came out to...Around 80,000 protesters took to the street of France to call for more attention to the climate crisis
During the election campaign in France, climate crisis took up only 1.5 percent of talking points in media coverage
Egypt nixes reports that Suez Canal traffic is falling
The key trading link is setting new records, said the government, quoting the Suez Canal Authority.About 10 percent of global trade, including 7 percent of the world’s oil, flows through the Suez Canal
First opened in 1869, the canal is a source of national pride and foreign currency to Egypt
Rising food prices shake North Africa as Ukraine war rages
Tunisia, Morocco, and Libya, along with several other Arab countries, import much of their wheat from Ukraine and Russia.Tunisia imports almost half of the wheat used to make bread from Ukraine, and authorities say it has enough supplies to last three months
Oil-rich Libya gets about 75 percent of its wheat from Russia and Ukraine, and Morocco too relies heavily on the same source for supplies
