From climate action to global aid: Inside UAE’s remarkable year
Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...Business Economy Energy Geostrategy Global
UAE looks to support farmers to boost sustainability of food sector
Dubai, UAE--The UAE leadership places utmost importance on supporting farmers to enhance the sustainability of the agricultural and food sector,...Economy
Jordan, Tunisia discuss economic cooperation
The discussion happened at the first session of the Jordanian-Tunisian Joint Trade Committee.The meeting was attended by Secretary-General of Jordan’s Ministry of Industry, Trade and Supply Dana Al-Zoubi
Head of the Cabinet of Minister of Trade and Export Development in the Tunisian Ministry of Trade, Khaled bin Abdullah, also attended
Jordan ranks 5th among Arab countries on Corruption Perceptions Index
The report shows that Jordan has progressed by several indicators, and maintained its rank in some other indicators in 2021.The report shows that Jordan has progressed by several indicators, and maintained its rank in some other indicators in 2021
Transparency International found countries that violate civil liberties consistently score lower on the CPI
Tourism helps UAE add $158bn to GDP in six years
Around 31 million visitors are expected to enter the UAE yearly by 2025 as the country has initiated several measures...UAE’s total annual visitor spending is expected to reach about $64bn in 2028.
Tourism is expected to contribute $76bn annually to the UAE's GDP by 2028.
Saudi merchandise exports shot up 82.5 percent
According to a report by General Authority for Statistics (GASTAT), the overall merchandise exports of Saudi Arabia increased by 82.5%...The value of exports amounted to SAR 107.3 billion ($28.61 billion) in November 2021, up from SAR 58.8 billion ($15.68 billion) in November 2020
This increase originated mainly from oil exports, which rose by SAR 43.1 billion ($11.49 billion) or 112.8% in the same period
American companies willing to invest in Tunisia: Ambassador Blome
A number of US companies are willing to invest in basic infrastructure and logistics to support Tunisia's efforts in this...Tunisian Transport Minister Rabii Majidi expressed the will to further strengthen cooperation with the United States.
Both parties exchanged views on the draft bilateral agreement in the field of air transport. The US ambassador urged stepping up talks to materialize this agreement.
Abu Dhabi passes new family business ownership law
The new law, issued by the ruler of Abu Dhabi, President Sheikh Khalifa bin Zayed Al Nahyan, aims to further...The new family business ownership governance law empowers owners of family business to: prevent selling of shares or dividends to individuals or companies outside the family
The current law is not applicable to family-owned businesses where non-family members own more than 40 per cent of shares
Iraq exported oil worth $7 billion in December
The additional revenues of $143 million were achieved from selling quantities of shipments of exported crude oil at a price...The additional revenues of $143 million were achieved from selling quantities of shipments of exported crude oil at a price premium
The exported quantities were loaded by 29 international companies from ports of Basra, Khor al-Amiyah, mono-buoys on the Gulf, and the Turkish port of Ceyhan
Largest renewable energy project in Oman opened
The 500 megawatt utility, which cost RO 155 million, figures among Oman Vision 2040 major projects aimed at protecting natural...The 500 megawatt utility, which cost RO 155 million, figures among Oman Vision 2040 major projects aimed at protecting natural resources
The project has been established on an area of 13 million square metres of which 1.5 million was accorded to the double-sided solar panel
Kuwait projects $10 billion budget deficit for 2022-2023
Revenues are projected at $62.2 billion, up 72.2 percent from the current fiscal year's estimates.Revenues are projected at $62.2 billion, up 72.2 percent from the current fiscal year's estimates
A new Kuwaiti government was sworn in on December 29, the oil-rich Gulf emirate's fourth in two years
Lebanon and IMF begin talks on rescue package
Lebanese officials began much-delayed talks with the International Monetary Fund Monday on support measures aimed at lifting the country out...Lebanon is hoping to obtain a financial rescue package to rekindle an economy that has been in free fall for two years
The previous government held several rounds of talks with the multilateral lender, but was unable to secure a bailout
