Oil prices rise following Red Sea attacks
Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by...Business Economy Energy Geostrategy Global Markets
Plan to end e-vehicle subsidies sparks anger in Germany
BERLIN, GERMANY - The German government on Sunday faced a backlash after abruptly ending an electric car subsidy scheme in a...Business Economy Energy Geostrategy
Ras Al Khaimah set for healthy post-pandemic growth: S&P Global
The emirate is expected to see a growth of around 2.5 percent between 2021 and 2024.S&P Global estimated RAK's economic growth at 3 percent in 2021, with the first half of the year showing a strong rebound from 2020
Real-estate transactions, mining volumes, cargo trade, and tourist arrivals are expected to be behind this growth
War-torn Libya welcomes first group of tourists in a decade
Libya had been mostly off-limits to tourists throughout the four-decade rule of Moamer KadhafiLibya had been mostly off-limits to tourists throughout the four-decade rule of Moamer Kadhafi
Tourism has been a tiny industry in Libya, whose economy has been dominated by oil and gas since the mid-20th century
UK and Saudi Arabia sign pact to promote direct investment
Saudi Arabia and the United Kingdom signed a Memorandum of Understanding, which is aimed at the promotion of direct investment...British and Saudi companies will be established and expanded in both countries.
Exchange of visits and expertise as well as sharing of rules and regulations in direct investment opportunities part of the MoU
Sharjah-Sao Paulo Business Forum explores economic cooperation
A forum organized by the Sharjah Chamber of Commerce and Industry (SCCI) brought together more than 100 businesspersons from the...More than 100 businesspersons from the two countries attended the forum organized by the Sharjah Chamber.
Sau Paulo state accounts for 30 percent of the entire Brazilian economy and has the largest manufacturers of sugar, juices, coffee, and fruits.
ADNEC launches expansion plans in Abu Dhabi, London
The Abu Dhabi National Exhibitions Company (ADNEC) has announced plans to expand its facilities and infrastructure in Abu Dhabi and...Building the largest exhibition hall in the Middle East and North Africa region is part of the expansion plans.
The company said the expansion plans boost its competitiveness and ability to attract and hold major international events.
UAE and Blue Origin to explore space economy and space tourism opportunities
The UAE will explore investment opportunities in the space economy and space tourism services besides other related ventures with Blue...The two sides also discussed expanding the scope of R&D in space to develop emerging space technology in the UAE.
Space sector provides more than 3,200 jobs, and over 57 space firms are currently operating in the UAE.
Parliament’s finance committee approves Israel’s 2021-22 budget
The finance ministry lowered its 2021 budget deficit target to 5.5%-5.7% of gross domestic product from 6.8% due to higher-than-expected...Snap elections would be triggered if the spending package is not finalized by Nov. 14
The Israeli economy is expected to grow 7% in 2021 after contracting 2.2% in 2020
44 MNCs decide to set up regional HQs in Riyadh
Pepsico, Deloite, Siemens, Haliburton, KPMG, PwC, Novartis and OYO are among the companies that will establish their regional headquarters in...The licenses were issued at the 5th edition of the Future Investment Initiative under the Regional Headquarters program.
The direct and indirect benefits from the presence of companies (in Saudi Arabia) will amount up to $45 billion, says minister.
Jordan discusses projects with World Bank and Ukraine
Jordan’s Minister of Agriculture had a meeting with a World Bank official and a minister of Ukraine.Jordan discussed the promotion of exchange of goods and bilateral ties with Ukraine
With the World Bank, Jordan discussed water strategies and afforestation
Which Asia-Pacific countries are re-opening to foreign visitors?
Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan.Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan
India re-opened for foreign tourists on charter flights this month and will allow in visitors on all flights from mid-November
