The summit features a high-profile lineup of speakers, including Canva co-founder Cliff Obrecht, IBM Chief Impact Officer Justina Nixon-Saintil, Twitch...
- Saudi Arabia is seeking to leverage changes in global trade and supply chains to position itself as a “connector economy,”...
Abu Dhabi, UAE--The UAE banking sector continued its growth momentum last year and is poised for further growth and recovery...The indicators of rising assets, financing and capital adequacy ratios reflect the sector's flexibility and resilience to adapt to the changes the world is witnessing
At the end of December 2023, total deposits of resident and non-resident customers with banks operating in the UAE rose by 4.2% and annually by 13.5% ), reaching $686bn
Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western...Iranian Oil Minister Javad Owji had said that oil production would reach 3.6 million barrels per day by the end of the Persian year on March 19.
Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed, forcing foreign companies to leave the country,
The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming. say an IEA report.
With Saudi Arabia and UAE leading by example through low emissions intensities , the region is setting new benchmarks in environmental stewardship.
RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.
These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.
Riyadh, Saudi Arabia - The international credit rating agency S&P Global Rating affirmed its foreign and local currency sovereign credit...The agency indicated in its report that this rating affirmation is a result of the continuation of the Kingdom's economic and social reform agenda
The agency forecasted GDP growth to average 3.3% in the medium term, due to the acceleration in non-oil sector investment and robust consumption in the Kingdom
Riyadh, Saudi Arabia - Saudi Arabia faces substantial annual losses in its agricultural sector, including 234,000 tons of tomatoes and...The kingdom has called for collaborative efforts to promote responsible consumption practices and reduce waste
It has urged efficient vegetable usage and storage to minimize loss and contribute to a more sustainable food system
RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of...This translates to a non-oil economy valued at US$$453 billion (SAR1.7 trillion) at constant prices.
Non-oil economy is valued at $$453 billion at constant prices, fueled by growth in investment, consumer spending and exports.
Tehran, Iran - Iran’s production of aluminum ingot in the country registered a 7% growth in the first 11th month...Iran’s four major aluminum production companies produced 54,893 tons of aluminum ingots in February 2024
The Iran Alumina Company produced more than 537,000 tons of bauxite from March 21, 2023, to February 22, 2024
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.
- ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...
The UAE-Hungary economic cooperation agreement aims to deepen bilateral ties between the two nations and drive growth.
The agreement between the two countries also aims to boost non-oil trade, which has seen a significant increase in recent years.
