MENA faces economic turbulence due to Gaza conflict
The Israel-Hamas conflict not only threatens regional stability but also poses significant economic challenges for MENA nations, says Fitch Ratings.Economy Geostrategy
Innovative solutions crucial for marine conservation
The MENA Oceans Network, launched at the COP28, marks a pivotal step in addressing urgent ocean-related challenges in the region,...Economy Climate Change
Jordan to expel unvaccinated expats by December 15
The Ministry of Interior of Jordan has confirmed that strict measures will be taken against expatriates who did not receive...Expatriates in Jordan are allowed to obtain the vaccine for free
They are not required to present a residence permit or a work permit to get the vaccine
Climate, economy, vaccines key focus of G20 talks
Leaders of the world's most advanced nations are hoping to hammer out a way forward on climate change and vaccine...In their first in-person gathering since the start of the Covid-19 pandemic, the relaunch of the global economy will also be front and center on the two-day agenda
The stakes are high, with United Nations Secretary General Antonio Guterres warning G20 leaders to show "more ambition and more action"
Jordan launches weekly lottery to boost vaccination
Six lucky vaccinated people will each receive JD500 (around $705), provided that they had been inoculated in the week before...The lottery scheme was launched by the Jordan Radio and Television Corporation and the Association of Banks in Jordan
The initiative is apparently aimed at incentivizing individuals to take the vaccine to immunize society as a whole
Political stability spurs Kuwait’s economic recovery
In June, the government passed the budget for 2021-22, which projected spending of US$ 76 billion and a deficit of...In June, the government passed the budget for 2021-22, which projected spending of US$ 76 billion and a deficit of US$ 40 billion.
Falling oil prices due to COVID- 19 pandemic caused a 15.4 percent dent in Kuwait's GDP in the fiscal year 2020-2021
World leaders discuss climate, economy, vaccines at G20
Summit host Mario Draghi, the Italian prime minister, has called for a ‘G20 commitment on the need to limit the...Looming over the two-day talks in Rome is pressure to make headway on tackling global warming
This is because the key COP26 summit is kicking off in Glasgow on Monday
Saudi index ends week down 0.4%, Qatar up 1.2%
In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the...Dubai’s main index fell on Wednesday by 0.1%, affected by a 4.2% drop in the stock of logistics company Aramex.
Aramco's share price rose 0.8 percent to US$ 10.05, its highest close since December 2019.
Lebanon to get Jordan’s electricity via Syria by 2022
The process of supplying Lebanon with electricity is expected to begin in early 2022.The amount of electricity to be supplied Lebanon will be nearly 150 MW from midnight until 6 am
Jordan will also supply 250 MW to Lebanon during the remaining periods
Qatar plans to reduce 25% greenhouse emissions by 2030
The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures,...The reduction said to be part of the National Climate Change Action Plan to reduce emissions in Qatar
The plan is expected to take Qatar closer to achieving its sustainable development goal by 2030
Saudi Arabia, Spain agree to build sustainable tourism
Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh...Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week
Saudi puts tourism on the global stage for the first time at FII 2021, launching the Principles for Redesigning Tourism
Strong ties help UAE-China trade surge
According to the Chinese statistics, there are over 4,000 Chinese-funded enterprises in the UAE. In 2020, the bilateral trade reached...The UAE is an important part of China's Belt and Road initiative with the Chinese Foreign Minister Wang Yi referring to the gulf country as a "shining pearl."
The China-UAE Industrial Capacity Cooperation Demonstration Zone is a major cooperation project to translate the vision of the leaders of the two countries into action
