The region is spearheading sustainability initiatives to address climate challenges, with Saudi Arabia making significant strides towards renewable energy and...
AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in...
Omani companies, which are listed on the Muscat Stock Exchange (MSX), reported total net profits of $1.39bn for the year...The profits were 3.7 percent less than the $1.44bn in 2020 due to a fall in net profits of four out of the top five sectors at the MSX.
As per the report, Oman’s banking sector, the biggest sector in the exchange by market capitalization, offset some of the net profit declines of other main sectors.
The hotels and restaurants, wholesale and retail and health and social services sectors contributed 21.3 percent, 14.1 percent and 13.8...The hotels and restaurants, wholesale and retail and health and social services sectors contributed 21.3 percent, 14.1 percent and 13.8 percent respectively
The UAE’s GDP at constant prices achieved a growth of 3.8 percent in 2021, exceeding the forecasts of relevant international institutions
Russian officials are expected to participate remotely in this year's G20 meeting led by Indonesia.Russian officials are expected to participate remotely in this year's G20 meeting led by Indonesia
IMF and World Bank warned that the Ukraine war has devastating impact on global economy
Khasawneh said the World Bank had confirmed that Jordan’s economy is more immune to the Russian-Ukrainian crisis.Khasawneh said the World Bank had confirmed that Jordan’s economy is more immune to the Russian-Ukrainian crisis
He revealed that the government achieved 104 per cent of its target revenue last year and experienced growth
Moroccan lawmakers on Monday called for a cap on oil firms' profit margins, describing them as "exorbitant" amid soaring fuel...Morocco, which relies on imports for its fuel consumption, has suffered from the skyrocketing prices of fuel
In late March, the government said it would pay out more than $200 million to truck drivers who staged a national strike over spiralling fuel costs
- The UAE Cabinet has approved the executive regulations of the Federal Decree-Law on Entry and Residence of Foreigners aimed at...
Substantial amendments are introduced to the Golden Residence Scheme to simplify the eligibility criteria and expand the categories of beneficiaries.
New types of visas have been introduced without requiring a host or sponsor for the first time.
The Abu Dhabi Business Centre (ADBC), a part of Department of Economic Development (ADDED), announced that 80 new economic activities...New added activities cover many vital business sectors, including 40 new commercial activities, 25 professional and six industrial activities.
In agricultural sector, the new added activities include beekeeping training, breeding reptiles and amphibians.
- According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming period
The meeting also discussed the successful economic policies established by the Kingdom to support the private sector
It encourages foreign investment and provides more investment opportunities for companies wishing to invest in the Kingdom
Libya's National Oil Corporation announced Monday the closure of operations in major oil fields after staff in the key export...Declaring force majeure is a legal move allowing parties to free themselves from contractual obligations when factors such as fighting make meeting them impossible.
Zueitina is one of the four oil terminals in the so-called "Oil Crescent" region, and its closures will prevent Libya from exporting almost a quarter of its 1.2m barrels per day.
Morocco's official reserve assets amounted to 329.1 billion ($33.39 billion) Dirhams on 1 April 2022, up by 8.2 percent compared...During the week of April 7-13, 2022, the Dirham depreciated by 1.06 percent against the US Dollar and by 0.16 percent against the Euro.
On the interbank market, the average daily volume of trade stood at 4.2 billion Dirhams while the interbank rate stood at 1.5 percent on average.
