Dubai, UAE – United Arab Emirates on Sunday allocated $5 million to a $50 million fund launched Sunday ahead of...
With most banks out of service, the only exchange rate that matters to ordinary Sudanese is on the black market,...
The UAE is Australia’s largest trading partner and the second-largest source of investment in the Middle East, said Justin McGowan,...Annual trade between the two countries is valued approximately at AU$9.8 billion ($7.1 billion).
More than 250 Australian companies are based in the UAE, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai.
- Qatar and Turkey have announced they agreed to extend a currency swap deal between their central banks, as Ankara’s lira...
The swap deal came during Turkish President Recep Tayyip Erdogan’s visit to Doha.
The agreement in 2018 was extended for the first time in May 2020, with the overall limit increased from $5 bn equivalent of Turkish lira and Qatari riyal to $15 bn.
Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support...Dubai Supreme Council of Energy discusses a resolution to achieve carbon neutrality by 2050.
The meeting also discussed the implementation of a resolution to regulate district cooling services in Dubai.
- The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of...
The laws are the Commercial Companies Law, Commercial Registry Law and the Trademarks Law.
Commercial Companies Law abolishes the maximum and minimum percentage of the founders’ contribution to the company’s capital at the time of the public offering
- A minister said the rise in budget was due to the ‘temporary increase’ in expenses related to the World Cup.
The emirate's planned expenses for 2022 rose by 4.9 percent from last year to QAR204.3 billion ($55.7 billion)
Qatar conservatively projects total revenue of QAR196 billion, based on an average oil price of $55 a barrel
Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman...Saudi and Omani companies "signed 13 memoranda of understanding worth $30 billion", the official Saudi Press Agency reported
According to SPA, he will also visit the United Arab Emirates, Bahrain, Kuwait, and Qatar
Official sources said the country would, from January 1, ‘transition to a four and a half day working week,’ with...From January 1, all government entities may have eight working hours a day from Monday to Thursday, from 7:30 am to 3:30 pm
Fridays will apparently have 4.5 working hours: from 7:30 am to noon, with Friday sermons and prayers held after 1:15 pm
Libya collapsed into years of violence after the 2011 fall and killing of dictator Moamer Gadhafi in a NATO-backed revolt....The existence of two central banks has complicated the handling of Libya's vital oil revenues and control over monetary policy
This has contributed to runaway inflation and a liquidity crisis, despite the country's vast crude reserves
The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.OQ signed three MoUs in the fields of petrochemicals, renewable energy and green hydrogen sector
In the field of dry dock and logistic services, Asyad signed an MoU with a Saudi shipping company
The deficit had fallen to RO1 billion ($2.6 billion) by October-end from RO2.71 billion ($7.05 billion) during the same period...Oman’s total general revenues as at the end of October had increased 28.1 percent and stood at RO8.33 billion ($21.67 billion)
The revenues stood at RO6.5 billion ($16.91 billion) during the corresponding period in 2020
