Waning influence of OPEC+ in spotlight as prices flag
Founded in 1960, the 13-member OPEC cartel in 2016 partnered up with 10 other producers to form OPEC+ to gain...Economy
New platform to revolutionize global sustainability
World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and...Economy Climate Change
Iran, Oman discuss ways to promote private sector and medical tourism
Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well...The talks were held on the sidelines of the 5th International Conference on Health in Islamic Countries, in Tehran.
Iran-Oman Virtual Expo launched in late September by the Iran-Oman Joint Chamber of Commerce 'has been well received'.
Q3 real estate transactions worth $1.55 billion recorded in Sharjah
Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase...A total of 1,662 sales transactions were recorded during Q3 2021, showing an increase of 52.5 percent compared to the same period last year.
About 76 percent (1,262) of the sales transactions were made in the residential sector, followed by industrial sector (206), commercial (152) and agricultural (42).
Etihad Rail completes construction of UAE network’s first marine bridge
Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The...The bridge will play an important role in improving the transportation of goods in the region.
Etihad Rail recently completed construction works for Package A of Stage Two, which extends over 139 km.
Climate change will crush world’s poorest economies, says study
Countries with poor economies will face severe consequences of climate change caused by the rich nations.According to the study, 65 most vulnerable nations will see GDP drop 20 percent on average by 2050
Eight of the top 10 most affected countries are in Africa, while two others are in South America
Abu Dhabi Chamber discusses partnerships with Azerbaijan official
Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries
The countries will explore opportunities, especially in artificial intelligence, e-trade and food security as well as the fourth industrial revolution
Here’s how much Lebanon depends on GCC
The economy of Lebanon is in crisis. Here’s a look at which countries it depends on for trade and aid,...Lebanon has been asking its neighbors in general and GCC countries in particular for help to bail it out of this economic crisis
It has already received assurance of electricity supply from Jordan via infrastructure in Syria
MEASA’s biggest food processing and packaging show opens in Dubai
Gulfood Manufacturing, the largest food and beverage processing and packaging show for the Middle East, Africa, and South Asia (MEASA),...The event will run for three days and address the sector’s sustainable packaging, automation, and F&B supply chain issues.
UAE’s trade in food commodities contributed more than seven percent of the country's GDP for 2020.
Organic farmers find fertile ground in North Africa
In Tunisia, the land dedicated to organic farming has multiplied 20-fold since 2001. In Morocco, the area of farmland certified...Despite its small size, Tunisia ranks 30th in the world and first in Africa in terms of area certified for organic farming.
Moroccan authorities are trying to develop the sector with the Green Morocco Plan, which helps farmers cover the costs of getting certified.
Axa insurance Q3 premiums down 7 percent
Q3 net profit down 18 percent from the same period last year.The firm's total comprehensive income also dropped 36 percent to 38 million riyals.
Axa said the fall in net profit can be attributed to the overall decrease in insurance results and an increase in investment income.
Colombia targets $1bn trade and direct flights with UAE
Colombia sees the UAE as a potential partner for growth in bilateral trade, economy, and tourism.Non-oil bilateral trade between the two countries amounted to $176 million in the first half of 2019
The two nations are also in talks over signing a MoU for double taxation avoidance
