Abu Dhabi’s non-oil economy expands 7.7 percent in Q3 2023
ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has reported a substantial 7.7 percent growth in the...Economy
UAE’s hiring landscape sees rise in homegrown talent
"The challenge today is not just in assimilating this fresh talent but in bridging the gap between them and the...Economy
Gulf watch: Sectors that will grow most in 2022
The business environment in the region will experience a transformation that will have a far-reaching impact on economic trends and...The GCC’s non-oil sectors will continue to dominate the economy, creating future opportunities
The region’s economy may benefit greatly from ecommerce, logistics, and delivery services
Free Trade Agreement with UAE nearing conclusion, says Indian minister
India’s Minister of Commerce and Industry, Piyush Goyal, on Wednesday told the heads of top business and industry associations in...Piyush Goyal urged industry leaders to be proactive in giving inputs to the government on matters like FTA negotiations
He expressed confidence of growth in services exports, in spite of travel and tourism restrictions caused by the pandemic
UAE, European Union discuss ways to boost cooperation
The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration
This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.
Morocco’s GDP expected to grow by 3.2 percent in 2022: World Bank
The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in...Output in 2023 is projected to remain about 5 percent smaller than expected before the pandemic, the World Bank notes.
The agricultural output returns to historical averages after the extraordinary performance of the primary sector in 2021, a WB report said.
UAE, European Union discuss ways to boost bilateral cooperation
The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various...The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration.
This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.
Dana Gas, Crescent Petroleum report record sales gas production
Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region...Dana Gas and Crescent Petroleum jointly operate the Khor Mor and Chemchemal gas fields on behalf of the Pearl Petroleum consortium.
The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including a bypass project.
Jordan revenues from income, sales tax hit $7.35bn in 2021
While sales tax collection rose 14 percent, income tax collection rose 7 percent from 2020 to 2021.Sales tax collected by Jordan in 2021 reached JD4.037 billion ($5.69 billion), up from JD3.534 billion ($4.98 billion) in 2020
Revenues collected as income tax in 2021 reached JD1.176 billion ($1.66 billion), up from JD1.103 billion ($1.56 billion) in 2020
World economy at risk as Omicron engulfs Europe
More than half of people in Europe will likely catch Omicron by March, the WHO has said amid a World...The WHO's regional director for Europe Hans Kluge described a ‘new west-to-east tidal wave sweeping across’ the region
The WHO's European region covers 53 countries and territories including several in Central Asia, 50 of them had Omicron cases
Lebanon prosecutor hits central bank chief with travel ban
Riad Salameh is among the top Lebanese officials blamed for a financial crisis that the World Bank says is of...The travel ban is pursuant to a lawsuit filed by an activist group against Riad Salameh over alleged financial misconduct
Salameh has also been summoned for questioning over the case but the exact date of the session has yet to be publicly disclosed
Tadweer of Abu Dhabi to hold ‘EcoWASTE’ exhibition
The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.It will begin from17th January to 19th January 2022 in Abu Dhabi at National Exhibition Center (ADNEC) as part of the Abu Dhabi Sustainability Week
The forum would also work as an integrated platform for developing and formulating practical and sustainable waste management practices
