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
UAE announces reduction in fuel prices for January
ABU DHABI, UAE - The prices of petrol and diesel are set to decrease in the country in January following...Business Economy Energy Geostrategy
Middle East Energy Event to address future of energy transition
The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March....The event, formerly known as Middle East Electricity, will be held at Dubai World Trade Center from 7th-9th March.
A study by Goldman Sachs revealed green hydrogen could meet 25 percent of global energy requirements in the next 30 years.
GACA and Oracle sign MoU to steer digital transformative initiative
Saudi Arabia’s General Authority of Civil Aviation (GACA) has signed an MoU with Oracle to develop and support a roadmap...The memorandum was signed on the sidelines of the Global Tech Conference "LEAP" held in Riyadh.
It also stipulates mutual coordination regarding cloud seminars, training and guidance, facilitating training.
Green Hydrogen Production among 98 new activities added to Dubai economy
A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total...The total number of economic activities in the Emirate has reached 2,200. In 2020, the DET had added 58 activities.
Artificial Intelligence Developing Services, Gaming Localization Services and Industrial Consultancies are among other activities added this year.
ADNOC announces vital gas discovery offshore of Abu Dhabi
The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of natural gas resources offshore of the Emirate of...This discovery marks the first of Abu Dhabi’s offshore exploration concessions
Offshore Block 2 covers an area of 4,033 square kilometers northwest of Abu Dhabi
Saudi connectivity takes off with five times faster Wi-Fi-6e
The Communications and Information Technology Commission (CITC), Saudi Arabia’s digital regulator, has announced the launch of WiFi-6e as part of...The latest generation of Wi-Fi technology offers data transfer speeds more than five times faster than the current standard
It provides more capacity for high-bandwidth activities such as 8k gaming, video conferencing and virtual reality applications
Turkey inflation surges to near highest in 20 years
Independent data collected by Turkish economists suggested that the annual rate of inflation rose to more than 110 percent in...Erdogan staunchly opposes raising interest rates, which he believes cause inflation
This is the exact opposition of conventional economic thinking
Jordan trade chamber, Egyptian envoy talk economic cooperation
The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic...The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic relations
Tawfiq, the president of the Amman Chamber, reiterated that Jordan-Egypt were a model of good relations between Arab states
Saudi Arabia sees $6.4bn tech investment at LEAP
The fresh investments are said to be in line with Vision 2030, which aims to diversify the economy of Saudi...Investment deals totaling more than $6.4 billion were announced at LEAP 2022 in Riyadh
Saudi Aramco Ventures launched a $1-billion investment fund called Prosperity 7 to help revolutionary startups
UAE, Japan bilateral trade hit $30.5 bn in 2021
More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy,...More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said
A memorandum of understanding was also signed between the Department of Municipalities and Transport (DMT) and Sumitomo Corporation
Iraq struggles to transform Saddam Hussein’s crumbling palaces
Iraq is struggling to transform hundreds of palaces built and used by former dictator Saddam Hussain.One of the many palaces of the Iraqi dictator in the southern city of Basra has been turned into an antiquities museum
Iraq has more than 100 residences, villas, and other complexes from the Saddam Hussein-era
