Enhanced norms help UAE win financial crime battle
“This has led to heightened compliance levels with the country's laws, aligning with global efforts to combat money laundering and...Economy
COP28 initiatives to narrow climate finance disparity
Antoine Samaha of BCG applauds the launch of a Loss and Damage Fund for developing countries, emphasizing the need for...Economy Climate Change
Ministry of Economy and LinkedIn sign MoU to promote UAE as talent destination
The UAE's Ministry of Economy has signed an agreement with LinkedIn for developing a framework for skills-based talent besides identifying,...The agreement is geared towards achieving UAE Strategy for Talent Attraction and Retention.
LinkedIn will collaborate with the ministry’s team to make joint action plans supporting the ministry’s national strategies.
Evergrande shares rise
The Chinese firm has restarted work on 10 projects.Evergrande owes various lenders close to $300 billion, but speculations are rife that it may not be able to pay all of it back
However, after the project restart announcement, shares in the firm rallied more than four percent in early trade
How major Arab economies performed since 1975
At a time when the future of the global economy is going to change following the trends from regional economies,...The region's dynamics have changed a lot due to oil exports from 1975 to 2021.
The Arab countries are now among top-world investors in high-tech companies
Bahraini Farmers Market returns with Covid-19 precautions
The market, which reportedly aims to promote Bahrain’s agricultural products and highlight the development taking place in the country’s agricultural...This edition of the market will be limited to shops selling local agricultural produce
It will also feature a number of restaurants without the accompanying recreational activities
Turkish lira touches all-time low of 9.85 after Erdogan seeks expulsions
On Saturday, Erdogan announced that he had ordered his foreign ministry to expel the envoys for seeking the release of...The lira subsequently rebounded, last fetching 9.7150 and was quoted at 9.7200-9.7600 at 0441 GMT
Last week, the Turkish currency plunged to record lows after the Turkish central bank cut its policy rate by 200 basis points
Saudi non-oil exports leap up 26.8% to SR23bn in August
Non-oil exports of Saudi Arabia vaulted 26.8 percent to SR23 billion in August, compared to SR18.1 billion in the same...Growth was driven mainly by higher exports of plastics and chemicals, which surged by 56.6 percent and 66.2 percent year-on-year
Non-oil exports including re-exports increased from 18.9 billion riyals in July 2021 by 1.9 billion riyals or 8.9 percent
Bahrain says will achieve net-zero emissions by 2060
The announcement came on Sunday, October 24, a day after Saudi Arabia announced the exact same goal.According to a report from the official news agency BNA, Bahrain has already reduced emissions while growing the national economy
It is said to have done this by placing clean, green, and sustainable growth at the heart of Bahrain Economic Vision 2030
UAE banking industry in recovery mode: UBF Chief
Al Ghurair said that the strong Q2 financial results of the UAE banks was an indication that the banking industry...UBF chief said that the federation will take on an enhanced role in facilitating skill development and employment opportunities for UAE nationals
He also praised the UAE’s new visa guidelines, observing that "the decision to liberalise residency guidelines is a landmark step.”
560 foreign firms operate in Al Wusta governorate of Oman: Official
As many as 560 foreign companies are operating in the Omani governorate of Al Wusta and their capital investments by...By the end of Sept. 2021, the capital investment of these firms reached $3.37 billion.
The number of industrial licenses registered in Al Wusta during the first nine months of 2021 was 177.
Saudi minister: More investment in science and technology way to net-zero goal
Saudi Arabia's Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha has said that the best way to achieve...Al-Swaha says pursuing current policies and technologies will lead to a gap of 30-40 percent in the zero-emission goal.
Saudi Arabia is taking the lead in building a center for climate technologies in the MENA region, he said.
