Saudi Arabia is seeking to leverage changes in global trade and supply chains to position itself as a “connector economy,”...
The Gulf economies face disruptions but embrace risk to grow, says Tadeu Baldani Caravieri, founder of Prototypes for Humanity, on...
Ankara, Turkey-- The Gulf Cooperation Council and Turkey have started off free trade negotiations to deepen their ties further. In...Albudaiwi said the free trade talks exemplify the strategic partnership between the GCC countries and Turkey, as well as the regional cooperation in various sectors
He said the GCC countries are actively engaged in free trade negotiations with other nations to expand trade opportunities, promote economic cooperation
Riyadh, Saudi Arabia - Saudi Arabian consumers spent a total of SR11.68 billion ($3.12 billion) through point-of-sale transactions during the...Expenditures were diverse, with a substantial portion allocated to food and beverages, amounting to $603.97 million across 45.8 million transactions
Among various cities, Riyadh led in point-of-sale operations, totaling $1.04 billion followed by Jeddah with transactions valued at $438.61 million
- Brussels, Belgium - Business activity in the eurozone stabilized in March thanks largely to a "modest recovery" in the service sector,...
"Business activity in the euro area came close to stabilizing in March" with "only a marginal decline in output of goods and services", the survey said.
The ECB has kept its interest rates steady since October, following an unprecedented series of increases to tame what was red-hot inflation.
"Financial stability benefits the whole economy and reduces the risk that the central bank becomes reluctant to raise interest rates..."Central bank independence matters for price stability -- and price stability matters for consistent long-term growth," IMF managing director Kristalina Georgieva wrote.
She added that better control of inflation is possible when both central banks and governments play their roles
Paris, France--Past and future hosts of the UN climate negotiations the United Arab Emirates, Azerbaijan and Brazil announced Wednesday they would...Countries across the world have been under pressure to keep this warming limit alive by pledging to accelerate their efforts to slash greenhouse gas emissions
The United Nations climate chief last week stressed that the new round of commitments were essential to keep the world from blowing past 1.5 Celsius
Neom, Saudi Arabia - NEOM, Saudi Arabia’s futuristic mega city will now have a premier resort where the spectacular desert...Boasting an audacious design with minimal land intervention, Treyam offers guests an elevated haven to unwind, re-energize, and enjoy majestic natural surroundings
Strategically located across the opening of one of the most beautiful azure lagoons at the southern end of the Gulf of Aqaba, the resort stands as a luxury gateway
- Riyadh, Saudi Arabia--The Saudi Industrial Production Index (IPI) recorded 103.3 points in January 2024, compared to 103 points in December...
As per reports, the sub-index for mining and quarrying activity, which accounts for 61.4% of the index weight, grew by 0.1% to reach 98.2 points in January 2024
The report added that the sub-index for manufacturing activity, which accounts for 35% of the index weight, grew by 1.1% to reach 113.8 points in January 2024
The Central Bank of the UAE kept the Base Rate for the Overnight Deposit Facility (ODF) steady at 5.40%, aligning...Both central banks' decisions come after Fed's vote to maintain interest rates at a 23-year high
The decision is a careful balancing act by the UAE and Qatar aimed at fostering stability and growth
- The funds, according to the King Salman Humanitarian Aid and Relief Centre (KSrelief), would support UNRWA's "humanitarian relief efforts in...
Israel accused some of UNRWA's employees of involvement in the October 7 Hamas attack
The UN has said that Israel has not provided it with any evidence for the allegations
The Gulf region is embracing the future of energy by investing in polysilicon production, crucial for solar panel manufacturing, with...The Gulf region is embracing the future of energy by investing in polysilicon production, crucial for solar panel manufacturing.
With Qatar leading by example and Saudi Arabia set to follow, these moves signify a key shift towards renewable energy sources.
