FAO says global food prices fell 13.7 percent in 2023
World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food...Economy Global
Private sector funding key to climate transition: World Bank
The World Bank raised its target for climate-related projects from 35% of its annual financing to 45%. Given that the...Economy Geostrategy
Digital banks help Kuwait keep pace with global trends: CBK official
Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will...Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will have no branches
This tech-based model saves cost and time, he clarified, adding that these banks do not have the paperwork complications of the traditional counterparts
Morocco fish production reaches 1.4 million tons in 2021
This remarkable performance was recorded in the three segments of fisheries: artisanal fishing, coastal fishing and deep-sea fishing.This remarkable performance was recorded in the three segments of fisheries: artisanal fishing, coastal fishing and deep-sea fishing
Artisanal fishing has benefited from the increase in the turnover of octopus due in particular to the rise in its average price by 53 percent
New UAE decree boosts safety of construction workers
The decree details the responsibilities of both employees and employers to ensure work stability and increase productivity in the workplace.Establishments with 50 or more workers, where the individual wage is less than AED1,500 per month, need to provide labor accommodation
Construction and industrial workers are not permitted to work outdoors or under the sun from 12:30 pm to 3 pm from June 15 to September 15
WB ready to pair with Tunisia to implement reform program
The World Bank has also offered to continue the implementation of ongoing cooperation projects in the country.The World Bank has already promised $400 million (about 1,152.5 million dinars) to support Tunisia's social reforms
Other financing was expected to follow to support SMEs, acquire vaccines, and provide the necessary health support
Iran, Qatar to form joint gas extraction study group
The oil ministers of Iran and Qatar will discuss gas swap, common stances in the global market and forming a...The two ministers will discuss gas swap, common positions in gas trade and global markets, and establishing joint knowledge-based companies in the field of oil and energy
The oil ministry source also said that they are expected to discuss forming a joint working group to study the reservoir of South Pars gas field
Italy forks out fresh six billion euros in energy aid
"We are putting nearly eight billion euros on the table, including six billion in energy aid", PM Mario Draghi told..."We are putting nearly eight billion euros on the table, including six billion in energy aid", PM Mario Draghi told a news conference
Natural gas prices have reached historic highs in recent months, sending electricity costs spiralling across Europe
GCC eyes floating hotels, eateries to buoy tourism
Floating restaurants and hotels could be a significant supporting player as the GCC region aspires to increase its footprint as...The UAE is well known for its floating restaurants and five-star floating hotels
Qatar aims to construct 16 floating hotels for 2022 FIFA World Cup visitors
Europe’s Investment in Palestinian economy touches $1.61bn
Around 60% of $1.61 billion were committed only in the last two years showing remarkable growth in mobilization of finance...A high-level policy meeting on Friday in Ramallah revealed this data of European Investments in Palestine
A big bulk of investments is for boosting access to finance for SMEs, the backbone of the Palestinian economy
UAE and India sign ‘milestone’ pact to boost economies
Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan, and India's Prime Minister Narendra Modi held a virtual summit to witness...India-UAE trade is valued at $59 billion, making the oil-rich Gulf country India's third largest trading partner for the year 2019-20.
The UAE is India's third largest export destination with nearly $16 billion clocked in 2020-21, it added.
Qatar to distribute cash assistance for February to Gaza needy
Cash assistance will be provided at a rate of USD 100 per family.Cash assistance will be provided to about 100,000 needy families in the governorates of Gaza Strip, at a rate of $100 per family.
The aid will be distributed through the United Nations, and nearly 300 distribution centers in the governorates of Gaza Strip.
