The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....
Tehran, Iran - Iran’s production of aluminum ingot in the country registered a 7% growth in the first 11th month...
UAE reached the top spot globally as a rough diamond hub, trading over $22.8 billion worth of rough diamonds in...Dubai boasts direct flights to other diamond hubs across the world, including mining countries in Africa and manufacturing centers in India.
Since 2015, the UAE has increased its rough diamonds trade by 76 percent, overtaking Belgium as the world’s leading rough trade hub
Major gas exporting nations said Tuesday they could not guarantee prices or supplies at a summit overshadowed by the worsening...Emir of #Qatar', which hosted a summit, said #gas producers were working to ensure "credible and reliable" supplies.
The United States has asked Qatar to help Europe if supplies are cut, but its Energy Minister Saad Sherida al-Kaabi said that his country could not rescue Europe alone.
The jump in oil prices is compounding worries about inflation around the world, with the US Federal Reserve coming under...That has in turn battered equity markets in recent months, and the latest developments out of Europe led to another day of hefty selling on Tuesday.
Russia's recognition of the breakaway regions of Ukraine will "strongly increase" economic uncertainty for the EU, its economy commissioner Paolo Gentiloni said.
Fitch Ratings has upgraded to AA(mar)/Stable the rating of Morocco’s Attijariwafa Bank (AWB), one of the five Moroccan banks whose...Fitch upgraded to AA(mar)/Stable the rating of Morocco’s Attijariwafa Bank (AWB).
Five banks, which account for nearly 77 percent of Morocco's banking system assets were reviewed by the ratings agency.
The record shows 1,792 newly registered companies in the zone, testifying to the increased investor confidence in the services provided...The record shows 1,792 newly registered companies in the zone, testifying to the increased investor confidence in the services provided by the emirates.
The growth is attributed to the competitive advantages offered by AFZ such as the strategic location, advanced infrastructures and modern facilities.
Beside Covid-19 pandemic, many countries in the region face war and conflicts. A robust economic system necessitates an effective strategy...Many Middle Eastern countries face rampant political corruption and the recycling of corrupt positions, says Transparency International
The UAE is considered the least corrupt Arab country in 2021; however, its score decreased by 2 points from 2020, according to the "Corruption Perceptions Index 2021"
An improved regulatory support, government promotional initiatives, and heightened interest from business leaders in the private sector benefits the sector...Together with Egypt, Saudi Arabia and the UAE now account for more than 80% of the region’s overall e-commerce market.
Spurred on by a highly digitized population and a lockdown-induced spike in consumer demand, e-commerce valuation hits $22bn
- "I support raising the federal funds rate at our next meeting in March," governor Michelle Bowman said.
"I support raising the federal funds rate at our next meeting in March," governor Michelle Bowman said
She stressed that should the economy evolve as she expects, "additional rate increases will be appropriate in the coming months."
Recently, a 4% stake of the oil giant had been transferred to PIF in an $80bn deal.The share price hit SR39.3 ($10.5) yielding a market cap of $2.09 trillion
Earlier in the session, the shares hit an all-time high of SR40 ($11)
GFH Financial Group (GFH), a Bahrain-based Islamic investment bank, has announced that is has launched and seeded a $100 million...The bank signed an agreement with Credit Suisse to provide financing and fund administration services.
GFH said it aims to generate returns to the fund through active asset allocation, credit selection, optimal leverage and duration management.
