Qatar records 6 percent drop in Industrial Production Index in October
Doha, Qatar-- Qatar has recorded a 9.3 percent drop in the Industrial Production index (IPI) in the month of October...Economy
GCC soars in global space race with key advancements
Saudi Arabia's new Saudi Space Agency and first ISS mission, coupled with UAE's Hope Probe and lunar projects, underscore their...Economy
Lebanon elite united against probe seen as survival threat
Lebanon's political parties seem united in rejecting an investigation into Beirut's massive port explosion that they fear could threaten their...The investigation looks to shed light on the explosion of a huge stockpile of poorly stored fertilizer on August 4, 2020, in Beirut
The blast killed more than 210 people, wounded thousands, and ravaged half the capital
UAE makes up 88% of GCC investment in Sub-Sahara Africa
Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum...Fintech, healthcare, agriculture, e-commerce were identified in the report as high-potential sectors
Around 90 percent of surveyed executives said they expect fintech to see the most growth in 2022
Tunisia in bailout talks with Saudi Arabia, UAE: Central banker
The birthplace of the Arab Spring uprisings, Tunisia has faced years of economic woes exacerbated by the coronavirus pandemic, with...Power grab in July by President Kais Saied put on hold Tunisia's talks with the IMF for a fourth bailout package.
Years of political deadlock following 2011 revolution have left it with less than one percent growth and six percent inflation.
Drought-hit Iraq’s crop farmland to be halved
UN agencies have said the impact of water shortages in Iraq is becoming evident through the lower crop yields for...The agricultural produce of Iraq usually includes wheat, barley, dates, tomatoes and rice.
The FAO estimates that "by the end of the season, wheat production will be 70 percent lower and barley production negligible."
Ministry of industry briefs 11 French startups about UAE business scene
As many as 11 French startups in the technology, infrastructure and services were briefed about the UAE's business environment by...The French firms, which work in the field of technology, infrastructure and services, are members of La French Fab Booster Middle East program.
ADNOC, the Ministry of Economy, the Emirates Development Bank, Middle East Venture Partners (MEVP), DP World, Masdar, DEWA participate in the event.
Bahrain national-origin exports grow to $3.12bn in Q3 2021
Bahrain’s imports grew 16 percent, but its export of national origin ballooned 76 percent in the third quarter of 2021.The value of exports of national origin increased by 76 percent to BD1.174 billion ($3.12 billion) during Q3 2021
It was BD669 million ($1.78 billion) for the same quarter of the previous year
Asian markets weighed by inflation woes, China growth slows
The losses follow a healthy run-up last week across the world fuelled by a strong start to the earnings season.The losses follow a healthy run-up last week across the world fuelled by a strong start to the earnings season
Adding to the grey mood was data showing growth in China's economy, the world's second-biggest, slowed further in the third quarter
Sabic leads low-carbon plan
Sabic, WEF, and global companies will formalize the plan.The agreement will look to formalize the low-carbon emitting technologies or LCET initiative into a standalone entity by 2023
As a result, LCET members will share early-stage risks and co-invest in developing and upscaling low-emission technologies
Robotics set to alter job markets in Gulf region
There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality and big data...There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality, and big data
Administrative and secretarial jobs, data entry, accounting, accounting records management and payroll services will become extinct, says a World Economic Forum report
ADNOC Drilling included in major global indices
ADNOC Drilling’s has now achieved an integral position as the sole provider of drilling rig hire and rig-related services to...ADNOC Drilling was included in key global indices by FTSE less than two weeks after its record ADX listing
The Company’s Board approved ADNOC Drilling’s ambitious 5-year business growth plan for 2022 to 2026
