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
Sharjah Consultative Council okays emirate’s draft budget 2024
Sharjah, UAE - The Sharjah Consultative Council approved the draft law regarding the budget of departments and entities of the...Economy
Jordan’s tourism revenues hits $2.7 billion in 2021
The higher revenue this year as a result of the increase in the number of tourists, which was 2.358 million.Tourism contributes in a significant way to the economy of Jordan
However, some observers say that the sector has a lot of room for improvement
China saw pandemic-defying GDP growth slow last year
Growth in the fourth quarter was the slowest in more than a year, at 4 percent, down from 4.9 percent...China is the world's second-biggest economy, and a key driver of global growth
It expanded 8.1 percent in 2021, but much of that came in the first half of the year
Amman Chamber of Industry exports up by 17 percent in 2021
The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019,...The United States, India, Saudi Arabia and Iraq accounted for the majority of the Chamber's exports last year, with a value of JD3.111 billion.
ACI exports rose during the same year to many Arab and foreign countries, most notably Indonesia, Egypt, Brazil, Algeria, Turkey, Sudan, Yemen and Malaysia.
80 global leaders to address Abu Dhabi Summit ‘virtually’
The Abu Dhabi Sustainability Week summit, hosted by Masdar, will take place virtually on Monday, 17th January. The Summit will...The Summit will take place between 1:00pm – 9:00pm GST, and will convene more than 80 global leaders
The opening sessions of the ADSW Summit will include a head of state address from President Halimah Yacob of Singapore
IRENA sees rapid growth of hydrogen economy
The development may bring significant geo-economic and geopolitical shifts in the energy market, which is currently valued at $174 billion.IRENA estimates hydrogen to cover up to 12 percent of global energy use by 2050
This is due to the climate urgency and countries’ commitments to net-zero emissions
IMF official urges ‘deep reforms’ to Tunisian economy
Tunisia's debts have soared to nearly 100 percent of Gross Domestic Product.Tunisia's GDP plunged by almost 9 percent in 2020, the worst rate in North Africa
This was only modestly offset by a 3-percent bounce-back last year
Residential areas in focus as real estate prices surge in Kuwait
The real estate housing price rose in Kuwait last year, where investors focused on Kuwaitis' residential areas dealing in uninhabited...Some residential districts, mainly inhabited by citizens, witnessed more than 35 percent rise in rates of the plots, leading to record growth of property assets
The investors sold 375-square-meter houses in Kuwaiti's residential districts such as Al-Khaldiya and Al-Yarmouk in May at a profit of $300,000 in May
Iran, Syria to establish joint free zone, joint bank
Qasemi, who headed a high-ranking delegation to Syria, met with senior officials from Syria.The decisions for the establishment of the mentioned entities were made during a three-day visit of the Iranian minister to Syria
Iranian Transport and Urban Development Minister Rostam Qasemi announced a joint committee is set to be formed between Iran and Syria
S&P affirms Kuwait credit rating at A+ with negative outlook
"The government has almost exhausted the General Reserve Fund's liquidity", said the rating agency.It argued that despite higher oil prices and production levels, Kuwait's central government deficits are set to average 12 percent of GDP
It, however, noted that it could revise the outlook to stable if the government successfully addresses Kuwait's existing fiscal funding constraints
Rabat: ‘MoroccoTech’ brand to promote digital sector
MoroccoTech aims to position the country as a digital destination of choice internationally.MoroccoTech aims to position the country as a digital destination of choice internationally
The initiative is intended to promote Morocco as a producer of premium technologies and an investment destination
