Saudi EXIM Bank, DBK sign MoU
It will boost the trade between Saudi Arabia and Kazakhstan.Company News Economy
Angola departure a blow for OPEC+ as cartel tensions rise
Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum...Business Economy
US and UAE creating jobs of the future: AmCham Abu Dhabi executive
American companies are creating a framework for future jobs, which is a new area of cooperation between the US and...AmCham Abu Dhabi is the American Business Group of Abu Dhabi, a member of the global network of American Chambers of Commerce.
Liz Beneski, Chief Executive Director of AmCham Abu Dhabi, said the UAE is probably the only country in the world that does business with all 50 states of the US.
Iraq stresses balance in energy market ahead of Dec OPEC meeting
Iraq's oil Minister Ihsan Abdul-Jabbar has said that Iraq has worked on a vision that emphasizes the importance of finding...Iraq's National Oil Marketing Company says it does not see necessity of any decision on increasing oil production.
OPEC + has decided to maintain the monthly increase rate of 400,000 barrels in December.
Iran cracks down on farmers protesting dried-up river
The riverbed has been the rallying spot for farmers and other people from across Isfahan province protesting the lack of...Iran deployed riot police in force on Saturday, November 28, in the city of Isfahan as farmers protested the drying up of a river
The authorities said at least 67 people were arrested as the cops cracked down on the protesters
UAE legal system gets major revamp
It also covers copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, in addition to laws related to...The draft of new laws and legislative amendments came during the "Year of the 50th" and are intended to keep pace with the developmental achievements of the UAE
The new legislative changes came after intensive coordination at both the local and federal levels
Riot police deploy after violent demo in Iran
Riot police were deployed in force Saturday in the Iranian city of Isfahan, a day after violent protests over the...Security forces fired tear gas during the clashes with stone-throwers in the protest by around 500 people in the bed of the Zayadneh Rood river that crosses the central city
Drought is a cause, but they also accuse the authorities of diverting water from the city to supply the neighboring province of Yazd
Abu Dhabi gives out $2.72bn in housing loans and plots
Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased...The housing package, worth a total of $2.72 billion, benefited 10,032 citizens in the Emirate of Abu Dhabi
The announcement coincides with the UAE's celebrations of 50th National Day, and reflects the leadership’s commitment to ensuring social stability, enhancing living standards
UAE says 100% of population received one Covid jab
The entire population of the UAE has received at least one dose of a vaccine against Covid-19. The country has...According to the UAE health ministry, a total of 21,802,032 doses of vaccine have been administered
One hundred percent (of the population) have received one dose, while 90.18 percent are fully vaccinated
Iran, Turkmenistan, Kazakhstan sign MoU on railway cooperation
The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states.The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states
The MoU stipulates that a joint working group be formed to oversee the growth of cargo passing through the transit route
Iran-ECO trade grows over 48% in 7 months year on year
The volume of trade with the ECO countries - Turkey, Afghanistan, the Republic of Azerbaijan, Kyrgyzstan, Kazakhstan, Pakistan, Tajikistan, Turkmenistan,...Major Iranian export destinations were Turkey ($3.397 billion), Afghanistan ($1.125 billion), Pakistan ($655.154 million), and Azerbaijan ($272.958 million)
Iran’s export to ECO members increased by 58 percent and 60 percent compared to the figures for the previous year in terms of weight and value, respectively
Global ripples await MidEast markets on Sunday
Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.Covid-19 has a new variant that spooked global markets, and its spike protein, which most vaccines target, has mutated 50 times
This could dent the efficacy of most Covid-19 vaccines across the world, and dampen sentiments further
