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
UAE to strengthen digital infrastructure in Azerbaijan
Abu Dhabi, UAE – The UAE and Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening the digital...Economy
Jordan to get new national accounting system
An agreement has been signed to build capacities to establish a sustainable national accounting system in Jordan.The aim of this initiative is for accounts and GDP figures to reflect the contributions of the informal sector
It is also expected to provide accurate details of the sub-sectors in accordance with the best international practices in this field
GCC cooperation sought to enhance region’s industrial sector
Dr. Sultan Al Jaber said that the national effort to develop the UAE’s industrial sector through the UAE Industry 4.0...The minister's remarks came during the 48th meeting of the GCC Industrial Cooperation Committee in the Kingdom of Bahrain
He pointed out that the Covid-19 pandemic accelerated efforts to improve collaboration across the GCC
Iraq: Water-logged cash in Mosul central bank coffers
The banknotes were badly damaged after the coffers were engulfed in groundwater during offensive to take Mosul from the jihadists.The banknotes were badly damaged after the coffers were engulfed in groundwater during offensive to take Mosul from the jihadists
Some 175 bags have been found although total value of the money is not known yet
Lebanon hikes fuel prices in de facto end to subsidies
The end to subsidies pushes the cost of filling a vehicle's tank to more than the monthly minimum wage in...The price increases have mostly erased massive queues at gas pumps that clogged streets across the country.
The energy ministry on Wednesday also raised the price of diesel and cooking gas following a drop in Lebanese pound.
Dubai records $4.4 billion realty sales in September, highest since 2013
The months leading up to the launch of Expo 2020 Dubai witnessed a surge in realty transactions, with September recording...A total of 5,762 sales transactions in September bring the year-to-date total value to over AED100 billion.
In September 2021, 56 percent of all sales transactions were for secondary/ready properties and 44 percent were for off-plan properties.
Earnings joy lifts Asian markets as Fed mulls taper
Signs of progress on US President Joe Biden's massive spending bill provided an extra lift to sentimentSigns of progress on US President Joe Biden's massive spending bill provided an extra lift to sentiment
Strong profit reports from big-name firms over the past week have reinforced optimism that the corporate sector is weathering slowdown in economic growth
Lebanon’s car culture comes into question amid fuel crisis
In the absence of a functioning public transport system, car culture has thrived in Lebanon, with many households, even modest...There are more than 2 million cars for 6 million people in Lebanon
However, people are now turning to buses and tuk-tuks to get around as fuel is expensive and often unavailable
400% rise in Saudi agri investment in four years
The kingdom’s goal is to support small farmers, develop rural agriculture and assist the local development of the food product...The kingdom’s goal is to support small farmers, develop rural agriculture, and assist the local development of the food product manufacturing sector
The lack of natural water and an unsuitable climate are the two most pressing issues facing the Kingdom's environment and agriculture
Deficit to surplus: GCC economies on growth track
The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of...UAE economy is expected to grow by 2.2 percent in 2021 and by 4.9 percent in 2022, supported by tourism, oil prices recovery and Expo 2020 activities.
Saudi Arabia's real GDP growth fell 4.1 in 2020 and is expected to increase to 1.9 percent this year and 4.8 percent in 2022.
UAE, Bahrain, Qatar among top 10 expat destinations in the world
Overall, the Middle East, North Africa and Turkey (MENAT) was the highest-ranking region for the quality of life, with 71...Switzerland, New Zealand and Spain top three destinations followed by Australia, Cyprus, Portugal, Ireland, France and Netherland.
65 percent of expats feel optimistic about the year ahead and 75 percent were optimistic 'normality' will return.
