‘Use AI to bridge global economic gaps, promote peace’
“To ensure AI makes ethical, inclusive, and prosperous decisions, we must educate ourselves on its workings. It’s crucial to manage...Economy
Export Bahrain and HKTDC sign agreement to ramp up trade ties
Manama, Bahrain--Export Bahrain and Hong Kong Trade Development Council (HKTDC) have signed a strategic partnership agreement to strengthen trade ties...Business Economy
Tunisia protests on revolution anniversary as economy spirals
Many Tunisians are tired of a system that is seen as graft-ridden and ineffective, and have welcomed the protests.Tunisian President Kais Saied has prolonged his suspension of parliament until elections in December 2022
He also announced a nationwide public consultation to draw up a new constitution
‘2022 Iraq budget depends on formation of new govt’
The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day...The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day of January 2022
Iraq is in the process of forming a new government following the recent election in which the cleric Muqtada al-Sadr’s movement Saeroon won the most votes
Fed official sees first US rate hike in spring 2022
Fed Governor Christopher Waller said the decision announced Wednesday gives policymakers the ability to respond quickly with an increase in...The Fed earlier this week announced it will accelerate the end to its stimulus program after inflation last month saw its biggest jump in nearly four decades
Quarterly forecasts from Fed policymakers also released this week signaled the likelihood of three interest rate hikes next year
US$20bn Jeddah Central Project launched
The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah.The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah
It is expected to achieve an estimated added value of SR47 billion riyals for the Kingdom's economy by 2030
Arab forum discusses building capacity of cities to face climate change
The forum was held in conjunction with the 38th session of the high-level Arab Ministers of Housing and Construction.The forum was held in conjunction with the 38th session of the high-level Arab Ministers of Housing and Construction
It also discussed new Arab vision towards urban development characterized by safety, justice, resilience and sustainability
Jordan secures €70m EIB soft loan to uplift water-use efficiency
According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about...According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about 300,000 people
A water reservoir with a capacity of 30,000 cubic meters will also be built, to enable the Jordan Valley Authority to supply water to farmers in the dry seasons
IMF examines Lebanon’s financial losses before aid program
Disagreements over the size of the losses between Lebanon's government, central bank, and banking sector contributed to the collapse last...The scope of the financial-sector losses of Lebanon are estimated at about $69 billion
An IMF team will travel to Beirut early next year to continue discussions for aid to the country
Jordan eyes investments with ICT growth
Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...Jordan's ICT sector generates 75 percent of the region’s Arabic internet content
Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs
Strategies to enhance Dubai’s security ecosystem reviewed
Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem.Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem
Hamad Al Mansoori, Director General of Digital Dubai, said they are working to make the most of big data and tap its potential
OPEC Fund announces $352m for global development operations
The OPEC Fund for International Development has approved $352 million for sustainable development operations globally at the organization’s 178th Session...Members of the Governing Board also reviewed several milestones achieved as part of the OPEC Fund Strategic Framework 2030, including inaugural credit ratings.
The Strategic Framework 2030 is designed to diversify the OPEC Fund’s financial resources and deliver greater development impact
