Turkey’s inflation rate nears 65 percent in December
Turkey's official annual inflation rate ticked up to 64.77 in December, from 61.98 percent in November. But the month-on-month pace...Economy
UAE’s CEPA program marks ‘exponential growth’
“Trade has always been important to the UAE, a bridge connecting our products, skills, and natural resources to the world,...Economy
CBD signs a debt financing deal with Postpay
Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later...The strategic partnership with CBD will provide support to Postpay on several fronts including Transaction Banking
The continued support from CBD will also enable Postpay’s planned expansion in the UAE, KSA, and other GCC countries
Dubai imposes tariff on single-use plastic bags to limit their use
Dubai has approved a policy to limit single-use plastic bags by imposing a tariff of 25 fils on such bags...The policy will be evaluated over several stages until the single-use bags are completely banned within two years.
The emirate will charge a tariff of 25 fils per bag from 1 July 2022.
How much gold and forex do Arab countries have?
Foreign exchange and gold reserves come in handy in many ways when a country is trying to ride out an...Foreign exchange reserve usually refers to how much foreign currency a country or its apex financial institution holds in reserve
Gold reserve is a similar tranche, except that it pertains to the yellow metal that has been purified to a standardized degree
MoU signed to enrich Investopia summit’s discussions and workshops
Investopia investment summit has announced the signing of a Memorandum of Understanding (MoU) with Deloitte Middle East for collaboration to...The MoU was signed between Deloitte Middle East and Investopia investment summit taking place on March 28.
The two parties will jointly study significant economic areas such as investments in AI, social and environmental sustainability and governance.
Turkey lifts ban on importing scrap metals from Lebanon after ministerial meet
Turkey has lifted the ban on importing scrap metals from Lebanon, which could secure about $100 million annually for Lebanon,...The embargo was imposed in 2018. Lebanon exported to Turkey more than 40 percent of the total exported scrap metal.
The ban was lifted after Lebanon Minister of Economy and Trade Amin Salam's meeting with Turkish ministers in Ankara.
Jordan king meets economists, says national workshops should lead to economic roadmap
He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities.He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities
The King also pointed to the importance of the participation of all segments of society and economic sectors, in order to expand dialogue and participation
Which GCC countries have largest renewable capacity?
From solar farms to wind energy, the infrastructure is being put in place at varying paces by GCC nations.Saudi Arabia is developing a sustainable renewable energy sector to support its economic growth
More and more industries in the UAE are embracing solar in a big way as power demand rises
Smart Madinah Forum 2022 kicks off
The forum aims at discussing concepts of smart cities and their relations to improving the quality of life.The forum aims at discussing concepts of smart cities and their relations to improving the quality of life
It is also a platform to discuss the role of innovation in enhancing sustainable development and getting acquainted with tools of civil innovation
On credit rating meter, GCC economies score big
The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center...The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center of investors' attention
Fitch evaluates Saudi Arabia at level (A), with a negative outlook to stable, while Moody's classifies UAE's credit rating by (AA2), with a stable outlook
Participants from 42 countries to attend Abu Dhabi Date Palm Conference
The 7th International Date Palm Conference will be held at Emirates Palace Hotel, in Abu Dhabi, from 14th to 16th...Minister of Tolerance and Co-existence Sheikh Nahyan said that this year's conference is significant by all standards.
475 international researchers and experts will participate in the conference being held from 14-16 March.
