Kuwait’s annual inflation jumps to 3.79% in November
According to the Kuwait Central Statistical Bureau, the upward trend was mainly attributed to rising prices across all major groups...Economy
Russia won’t consider ratings while granting loans to countries
Previously, to be eligible for a loan from Moscow, a country could not be categorized in the sixth or lower...Economy
Where do Arab countries stand, according to GDP?
The most common way to quantify the economic health of a country is by calculating its gross domestic product (GDP).GDP is the total market value of all the goods and services produced within a country in a specific time period
It is usually calculated on an annual basis, with the time period corresponding to the fiscal year rather than the calendar year
WEF says ‘will defer’ Davos meeting over Omicron fears
The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be...Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave.
Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society".
Dubai airport fully operational for first time since pandemic
Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.
Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.
UN chief criticizes Lebanon leaders during his visit
Lebanon is in the throes of an economic meltdown that has been called by the World Bank as among the...The UN stands in solidarity with the people of Lebanon, Guterres said at a press conference with Lebanese President Michel Aoun
However, he added that Lebanese political leaders ‘do not have the right to be divided and paralyze the country’
Tourism, retail to fuel Dubai economy growth in 2022
The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai...In 2022, the UAE economy is projected to record an estimated annual GDP growth rate of 3.4 percent
The entire UAE economy began to recover in 2021 by registering an estimated annual GDP growth rate of 3.1 percent
Jordan minister urges officials to expedite services for citizens, investors
Nayef Steitieh told field managers in his ministry and across governorates to also look to replace expatriate workers with those...Jordan’s Minister of Labor Nayef Steitieh on Saturday, December 19, called for investing in e-transformation
The move is expected to save time and effort of beneficiaries from the ministry's directorates and governorates
Morocco may see its its waste problem blow up as recycling lags
Morocco’s official recycling aim is 20 percent garbage by 2022 which has been moved to 2030.No domestic organic waste is treated at the factory because “it’s too expensive”
Official data shows that 66 illegal rubbish dumps in Morocco have been regularized or closed
Turkey faces medicine crisis as currency loses value
Turkey has been rattled by a currency collapse that accelerated by President Recep Tayyip Erdogan’s last-month steps that defy conventional...The Turkish lira has lost more than 40 percent of its value since the start of November alone
A lira could buy 13 US cents in January, but was worth less than half that this month
Saudi Arabia advises citizens against foreign travel
The Saudi Public Health Authority has also announced new precautions for travelers entering the country.The Saudi Public Health Authority recommends that travelers coming from outside avoid social contact for at least five days
Waqeya also advised people to take the Covid-19 PCR test in the event of respiratory symptoms or a temperature rise
OIC says Afghanistan needs full support of member states
The OIC has said its members as well as non-members need to organize and implement an immediate humanitarian assistance plan...The OIC has said its members as well as non-members need to organize an immediate humanitarian assistance plan for Afghanistan
The OIC humanitarian office in Kabul will assume the responsibility for the coordination of this aid
