Saudi insurance sector targets 25m beneficiaries by 2030
Riyadh, Saudi Arabia - Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of...Economy
Oil prices jump, stocks slump after Iran blasts
"Heightened tensions in the Middle East following a bomb blast at a ceremony honouring a slain general in Iran have...Economy
UAE, Hungary sign MoU to establish joint business council
The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Hungarian Chamber of Commerce and Industry (HCCI)...The MoU was signed by Hamid Mohammed bin Salem, FCCI Secretary-General, and Péter Szijjártó, Minister for Foreign Affairs and Trade of Hungary.
The parties inked the MoU at the Hungarian pavilion at Expo 2020 Dubai on the sidelines of the third meeting of the UAE-Hungarian Business Committee.
Governors of UAE and Turkey central banks to collaborate in banking sectors
The meeting was held on the sidelines of the official visit of Turkish President to the UAE.The currency swap agreement was signed in January 2022, which promotes the financial, commercial and investment interests of the two countries.
Senior officials from both the central banks were present in the meeting which was held in Abu Dhabi.
Majority of Saudi nationals positive about tourism sector jobs: Study
A sizable number of Saudis look positively at jobs in the tourism sector, according to a study by the kingdom's...Overall, 80 percent of respondents felt that there were plenty of opportunities for career learning, while 75 percent felt careers in tourism will provide long-term stability.
The regions with the highest interest in careers in tourism include Tabuk (91 percent), Hail (86 percent), Asir (85 percent), Riyadh (82 percent) and Al Jouf (83 percent).
UAE Cabinet okays trading cooperative shares on financial markets
The move is said to be conducive to strengthening the regulatory environment of the cooperatives sector and driving their economic...The development is apparently the first of its kind in the region
It is aimed at growing the cooperative sector’s contributions to the economy
Bahrain updates Covid protocols, cancels isolation for contacts of active cases
Tests will be only be conducted for individuals experiencing COVID-19 related symptoms if the result of the rapid test is...Tests will be only be conducted for individuals experiencing COVID-19 related symptoms if the result of the rapid test is positive.
All passengers arriving in the Kingdom of Bahrain do not need to conduct a PCR test upon arrival
Tunisians fear more economic pain as IMF talks loom
Every day at the family grocery stall in a Tunis market, Bilel Jani sees the reality of a biting economic...The small North African country, roiled by years of political turmoil that deepened with President Kais Saied's power grab last July, is also mired in a deep recession
Surging prices and job losses have hurt families that were already struggling before the coronavirus pandemic
National Water Carrier Project will be completed by 2027: Jordan PM
The government is "serious" in finding solutions to many pending investments, including Amman's Sixth Circle Towers project, the PM said.The government is "serious" in finding solutions to many pending investments, including Amman's Sixth Circle Towers project, the PM said.
The PM announced that the government may provide incentives to the industrial city in both southern Karak and Tafileh governorates
World fuels its own destruction with $1.8trn subsidies: Study
Governments across the world pay an estimated $640 billion in support to the fossil fuel industry.Agriculture gets $520 billion in subsidies, which lead to soil erosion, water pollution, deforestation, emissions, and loss of biodiversity
Another $350 billion in subsidies for the water industry is said to help fund water pollution and risk ocean and waterway ecosystems
Morocco announces $1 bn relief for drought-hit agriculture industry
Morocco said Wednesday it will launch a nearly $1 billion aid program to help its agriculture industry, which has been...The emergency plan aims to mitigate the effects of delay in rainfall, to alleviate the impact on agricultural activity and to provide assistance to the farmers and livestock breed.
The kingdom's economy, already hit hard by the Covid-19 pandemic, is heavily dependent on agriculture, which contributes 12 percent of GDP.
Air travel momentum up as countries lift Covid restrictions: IATA
Air travel recovery was gaining momentum as countries were lifting restrictions, with a sharp 11-percentage-point increase for international tickets sold...There was an 11-percentage-point increase for international tickets sold in recent weeks.
The 11-percentage point improvement between the January and February periods is the fastest such increase for any two-week period since the crisis began.
