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
Qatar’s industrial sector PPI down in Nov on lower oil prices
Doha, Qatar -- Qatar's Producer Price Index (PPI) of the industrial sector in the country for November was 118.65 points,...Business Economy
France’s TotalEnergies signs $27bn oil, gas, solar deal in Iraq
French giant TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq Sunday, as the...Oil minister Ihsan Ismail said this is the largest investment in Iraq by a western company.
Despite being the number two producer in the OPEC, Iraq is experiencing an acute energy crisis and chronic blackouts that fuel social discontent.
Saudi economy grew 6.8% in Q4, 3.3% in 2021
The data was released on Thursday, February 10, by the country’s General Authority for Statistics (GASTAT).This positive growth in the GDP was attributed to the high increase in oil activities: as much as 10.8 percent
Non-oil activities were up 5 percent, and government services activities rose 2.4 percent year-on-year
JBA head, Tunisian envoy discuss enhancing joint economic cooperation
According to a JBA statement it has helped promote joint investments and increase the volume of Jordan-Tunisia trade exchange.According to a JBA statement it has helped promote joint investments and increase the volume of Jordan-Tunisia trade exchange
The two sides discussed joint cooperation in the sectors of garment, textiles, banking, contracting, traditional industries, transport, shipping, and pharmaceutical industries.
KSA eyes big role in Fourth Industrial Revolution
Saudi Arabia plans an Industrial Fund to assist investors in the sector shifting to 4IR technologies with the help of...Saudi Arabia's advanced digital government, according to an official report, will help the country's in speeding up the implementation of 4IR strategy
The 4IR strategy aims to support the localization of new and advanced industries in the kingdom and also boost competitiveness of the existing industries
Dubai plans to attract 50 multi-national companies under a three-year strategy
Dubai plans to attract 50 multinational companies within three years and push the external expansion of 100 companies from Dubai...Drawn by Dubai International Chambers, the strategy will also push the the external expansion of 100 companies from Dubai to priority foreign markets.
It will also support and motivate multinational companies to list on the Dubai Financial Market.
UAE climbs to 3rd globally in Agility Emerging Markets Logistics Index
The UAE is the most competitive emerging market in GCC and the third most competitive on a global scale after...The UAE out-performed all 50 countries in business fundamentals, an area where Gulf and MENA countries are clear leaders
The 2022 Agility Emerging Markets Logistics Index is the company’s 13th annual ranking of the world’s 50 leading emerging markets
High energy prices put more pressure on Turks
When temperatures plunged well below freezing in Ankara and energy prices soared, Dondu Isler had to make a tough choice...Energy prices in Turkey and other countries have soared in the past year due to recovering demand and geopolitical tensions
Turks have also seen their overall purchasing power dwindle dramatically amid a currency crisis and two-decade high inflation that reached almost 50% last month
Godsend or ‘ghetto’: Syrian migrants flock to small Cyprus town
The Cypriot government says the divided country has the highest number of first-time asylum applications in the European Union per...The Cypriot government says the divided country has the highest number of first-time asylum applications in the European Union per capita
Most of them are from Syria, and their number has more than doubled from 800 over the past three years
Qatar Industrial Co. posts net profit of $38m in 2021
Qatar Industrial Manufacturing Co. has reported a net profit of $38m for 2021 in comparison to net profit of $23m...The company disclosed the interim financial statement for the 12-month period ending Dec. 31, 2021
Qatar Industrial Manufacturing Co. was established in 1990 with a capital of QR 475.2 million
New guidelines for Umrah pilgrims announced by Saudi ministry
The Ministry of Hajj and Umrah announced an update in the procedures for entering Saudi Arabia for Umrah, which is...This is done to ensure the health and safety of the Umrah Performers and visitors
These new requirements will go into effect starting at 1:00 am Wednesday, February 9, 2022
