Oman year-on-year growth rate touches 15.4 percent
Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information...Business Economy
Saudi Arabia jumps to second rank in ICT index among G20 nations
Riyadh, Saudi Arabia -- Saudi Arabia jumped 10 ranks to second place among the G20 countries according to International Telecommunication...Business Economy Tech & Media
Bitcoin faces uncertain 2022 after record year
Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade...Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade at under $50,000 heading into the new year
The record high in April occurred with the stock market debut of cryptocurrency exchange Coinbase.
2021: Oil price hike rescues Covid-hit GCC economy
International oil prices surged by around 36.5 percent and reached a 7-year peak, exceeding US$ 82 a barrel at the...International oil prices surged by around 36.5 percent and reached a 7-year peak, exceeding US$ 82 a barrel at the end of November 2021, the highest level since October 2014
Increased demand from major oil consumers like China, South Korea, India, and the European Union was responsible for the rise.
Armenia to lift ban on Turkish imports as envoys set to meet
Earlier this month Turkey and Armenia named special representatives to work on the normalisation of ties.Turkey will be represented by...Arch-enemies Armenia and Turkey have recently made tentative moves to improve relations
Arch-enemies Armenia and Turkey have recently made tentative moves to improve relations
Critics of Turkish lira slide threatened with lawsuit
Finance Minister Nureddin Nebati urged citizens to sue economists who comment on social media about the lira's slide. His remarks...Lira entered a tailspin that saw it lose nearly half its value from the start of November to the moment President Erdogan announced new currency support measures last week.
Nebati accused the commentators of using "psychological warfare" by urging Turks to buy gold and dollars in order to preserve their savings against further lira declines.
CBUAE fines exchange house $160,000 for using civilian vehicle to transport money
The exchange house used a civilian vehicle to transport the money instead of using Cash-in-Transit Agent.The exchange house used a civilian vehicle to transport the money instead of using Cash-in-Transit Agent
The CBUAE works to ensure that all licensed financial institutions operating in the UAE, including exchange houses, abide by UAE laws
Aleppo bathhouse boom as Syria crisis turns showers cold
The ancient bathhouses of Syria's second city Aleppo are filling up again, not because of a revived fad, but due...With their marble steam rooms, hexagonal fountains and distinctive domes, Aleppo's bathhouses have for centuries served as a social hub
Shortages of water, fuel and electricity across war-torn Syria have also turned them into a refuge for those looking for a long, warm bath during the cold winter.
Jordan signs pact with Germany, EU to build water projects
The project will improve wastewater treatment and environmentally friendly sludge disposal.The project will improve wastewater treatment and environmentally friendly sludge disposal.
The value of the EU’s bilateral support to the water and sanitation sector in Jordan is over 150 million euros
Jordan approves measures to stabilize commodities prices
Procedures, approved in a session chaired by Prime Minister, Bisher Khasawneh, included reducing inspection fees on imported foodstuffs by 30...Procedures, approved in a session chaired by Prime Minister, Bisher Khasawneh, included reducing inspection fees on imported foodstuffs by 30 percent for three months
The procedures also included reducing customs duties on some basic foodstuffs, increasing work efficiency and expediting completion of customs transactions, inspecting containers
Years after war, health sector ailing in Iraq’s Mosul
Apart from the hospitals, the rest of Mosul is also struggling to regain a sense of normalcy. Residents crowd into...The former stronghold of the Islamic State group, Mosul was devastated by the battle to oust the jihadists that ended in summer 2017
More than four years on, the northern metropolis remains a patchwork of gutted concrete carcasses interspersed between buildings under construction
Libya orders arrest of second minister for financial irregularities
Prosecutors had already questioned Culture Minister Mabrouka Touki before the order was issued to detain her on charges of ‘falsifying...The culture minister, an academic with a degree in nuclear physics, was appointed in March as part of the interim unity government
The probe relates to alleged graft over a contract for maintenance works on ministry buildings which had already been refurbished last year
