Qatar expects a decrease in inflation next year
Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...Business Economy
Saudi EXIM Bank, DBK sign MoU
It will boost the trade between Saudi Arabia and Kazakhstan.Company News Economy
UAE Railways Program: Country’s largest integrated transportation system launched
The UAE government on Sunday announced the launch of the UAE Railways Programme, the largest integrated system for transporting goods...The first phase of the Etihad Rail has been fully operational since 2016
The investments of the UAE Railways Programme amount to AED50 billion, 70 percent of which target the local market.
Bahrain to introduce digital currency in the country
The Central Bank of Bahrain will offer the digital Dinar through a digital payments platform that can be accessed round...The central bank also intends to gradually raise the share of financing for small- and medium-sized enterprises
Bahrain plans to list five more companies on its stock exchange next year including Bahrain Airport Services Company
UAE foreign trade in past 50 years rises 473 times to $9.3 trillion
The total value of the UAE’s foreign trade in the past five decades amounted to some AED34.23 trillion ($9.32 trillion),...The country’s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion).
UAE's exports increased 380 times, rising from $842 million (AED3.1 billion) in 1971 to $319.3 billion (AED1.17 trillion) by the end 2020.
Egypt’s private sector non-oil activity shrinks in Nov as input costs rise
Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new...IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold that separates growth from contraction.
Higher fuel and shipping costs often led to increased prices, including for raw items such as foodstuff and paper, said IHS Markit.
Saudi non-oil private sector records growth in November
The non-oil private sector of Saudi Arabia continued to grow in November on the back of strong demand and modest...The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers' Index (PMI) fell to 56.9 in November from 57.7 in October
The headline figure was down to a three-month low as growth in new orders declined for the second month in a row from September's seven-year high
QNB sees global economy recovering, despite bottlenecks
The bank said it was confident that the global bottlenecks would continue to improve over the coming year. ‘We expect...QNB has said the global economy has made a remarkable recovery from the peak impact of the Covid-19 pandemic last year
It attributed the revival to ‘unprecedented fiscal and monetary stimulus,’ particularly in the US
UAE signs deal with France for food security
The signing of the MoU reportedly coincided with the visit of the French President Emmanuel Macron to the UAE.Under the terms of the MoU, the two countries are expected to collaborate to facilitate trade in agricultural and food products
They will also work for the development of sustainable agricultural production with a focus on innovation
Jordanian exporters association seeks to bridge trade imbalance with Turkey
According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10...According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million
Turkish imports to the Kingdom in the same period surged by 25 percent to a total of JD303 million
Saudi Aramco, French companies sign five agreements
“This partnership is a continuation of Aramco’s long-standing relationship with a number of leading French companies. It represents an opportunity...The agreement between Aramco and Gaussin aims to establish a modern manufacturing facility for on-road and off-road hydrogen powered vehicles in Saudi Arabia
The signing took place during an event in Jeddah, organized by the Ministry of Investment to explore investment opportunities for French companies in the oil kingdom
Jordan woos Russia for local investment
Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.Jordan has invited investment from an industrial and economic delegation from Russia
The Russian delegation represented three Russian provinces
