UAE ranks first in Middle East, 4th globally as remote work destination
Dubai, UAE -- The UAE has ranked first in the Middle East and fourth globally as a leading destination for...Economy
Volunteers offer help to Arab-Israeli farmers amid Gaza war
Baqa al-Gharbiya, Israel--In Baqa al-Gharbiya, an hour's drive from Haifa, city folk have temporarily traded pens for boots to aid farmers...Economy Geostrategy
The largest Arab container ports in the world
There are about 186 major maritime container ports worldwide. Do you know the names of the biggest container ports in...Trade between nations has always made a significant contribution in terms of increasing wealth among the world population.
Today, more than 80 percent of all trade is seaborne and maritime ports are playing significant for commercial and navigational purposes
Abu Dhabi launches virtual license for non-resident investors
The virtual license covers 13 economic sectors on top of the strategic sectors targeted by the Abu Dhabi government to...The program lets non-resident foreign investors obtain an economic license for doing business in the emirate
They can now do this without any prior residence procedures and from any location outside the UAE
Dubai approves Hatta master development plan
The Hatta master development plan is said to be aimed at developing Hatta, an exclave of Dubai, into a tourist...The Hatta plan is a part of the Dubai 2040 Urban Master Plan, which aims to create a roadmap for enhancing infrastructure
The master plan also aims to implement development projects and initiatives across the emirate over the next 20 years
Saudi Arabia leads GCC in inflation control
The Kingdom has implemented measures and worked on significant improvements as part of its Vision 2030 to diversify sources of...Concerns about the high inflation rates abound in the Gulf countries as governments spend more to help families
Inflation is expected to stabilize in Saudi Arabia due to spending rationalization policies
Lebanon needs $1bn for local currency to regain value: Minister
Lebanon’s Information Minister George Kordahi has said that the country needs $1 billion to bring up the value of the...The World Bank has described Lebanon’s economic crisis as possibly among the three worst of its kind across the globe
Since 2019, the Lebanese pound has lost more than 90 percent of its purchasing power, and now more than three out of every four citizens live in poverty
Jordan taps FAO to support rural families with agriculture festivals
The FAO and Jordan’s National Center for Agricultural Research have signed a cooperation agreement in this regard.The FAO and Jordan’s National Center for Agricultural Research have signed a cooperation agreement
As part of the agreement, they are expected to organize festivals for Jordan's agricultural products to empower rural families and farmers
Qatar opens fifth 2022 World Cup venue
The 40,000-seat ground will host groups matches during Qatar 2022 up to the quarter-finals.The 40,000-seat ground will host groups matches during Qatar 2022 up to the quarter-finals
It was designed by Qatari architect Ibrahim M. Jaidah to resemble the 'gahfiya' cap, traditionally worn by men in the region
UAE to chair 6th Annual Asian Infrastructure Investment Bank meeting
The Meeting will focus on a number of key themes, including investing in the infrastructure for tomorrow such as cross-border...The meeting to be attended by 103 members as well as strategic partners from around the world will be held virtually under the theme "Investing Today. Transforming Tomorrow."
In 2020, the Asian Infrastructure Investment Bank announced its strategic ambition to allocate 50% of its total funding until 2025 to climate-friendly projects
Qiddiya: Saudi Arabia’s Disneyland
The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, a water park and sporting venues...The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, sporting venues, and a large selection of cultural, creative, and artistic activities
The entertainment city is expected to attract 17 million visitors in the entertainment sector, 12 million in the shopping sector, and 2 million in the hospitality sector by 2030
Al Babtain to procure SAR 250m loan
The facility will be provided through Murabaha modeThe duration of the banking facility is four years and 282 million riyals have been pledged as guarantees for the financing.
The company said the loan will be used for re-structuring a part of short-term finances.
