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
‘Double efforts to tackle labor market challenges’
"The digital economy represents a clear path to employment opportunities. Additionally, exploring other avenues, such as the green economy, is...Economy
Inflation spikes in Saudi Arabia, fueled by high food prices
The rate of inflation in Saudi Arabia spiked in September after being at the lowest level in August, according to...It was 0.6 percent in September, up from 0.3 percent in August, the General Authority of Statistics said today
The spike was fueled by a faster growth in prices for food and beverages
Sukuk momentum may continue over the medium term on investor appetite: Fitch
Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs,...Sukuks amounting to $57.3 billion were issued in the GCC region, Malaysia, Indonesia, Turkey and Pakistan in the third quarter of 2021.
Global outstanding sukuk reached $775.4 billion in the third quarter, 2.8 percent higher than the previous quarter.
Africa needs to revamp transportation for economic development: DP World CEO
Africa offers significant potential for investment and economic partnerships that can create mutual benefits for UAE businesses and their African...Africa offers significant potential for investment and economic partnerships, Sultan Bin Sulayem said at Global Business Forum Africa.
Dubai keen to transfer its experience to help develop business in Africa, Bin Sulayem said.
UAE’s non-oil foreign trade up 27% to AED900 bn in H1 2021
According to preliminary data released by the Ministry of Economy, the value of non-oil exports alone amounted to AED170 billion...Gold, aluminum, plastics, copper iron and steel are the most important non-oil exports of the country
The UAE’s top five export destinations include India, Saudi Arabia, Hong Kong, Kuwait and China
Digital upskilling key to MENA economic revival
About 70% CEOs in the Middle East believe that lack of digital skills is a threat to their businesses, a...An independent survey of Middle East CEOs conducted by Price Waterhouse Coopers in 2020 revealed that 70 percent believe that a lack of digital skills is a threat to their business
A recent report by Korn Ferry, the US management consulting firm, predicts a global talent shortage of more than 85.2 million people by 2030
IMF, G20 fret over supply chain bottlenecks, inflation fears
As demand has spiked, suppliers have not been able to keep up: Ships are lined up outside American ports waiting...The supply challenges on a global scale will be a key focus of meetings of the IMF and the Group of 20
IMF chief Kristalina Georgieva said the global economy faces a "particularly challenging
Saudi Arabia looks to boost the country’s GDP to $1.71 trillion
Saudi Arabia seeks to boost its economic output to reach $1.71 trillion, Saudi Investment Minister Khalid Al-Falih said on Wednesday.Al-Falih said Saudi Arabia plans to boost the investment rate to 30 percent as compared to the current 22 percent
The minister said this leap requires efforts to empower the private sector by providing an integrated investment environment
Look beyond subsidies to fight high energy prices: IMF
Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, said Paulo...The IMF has said generalized energy subsidies benefit rich households who don't need the support
In addition, they are not friendly to the environment, and in fact they lead to very negative incentives
UAE economy to grow at 2.1% this year, 4.2% in 2022: IIF
The Institute of International Finance (IIF) said that the UAE economy is rebounding from its deepest downturn in decades as...In September the UAE Central Bank had forecast the economy will grow 2.1 percent this year and 4.2 percent in 2022
the Institute of International Finance (IIF) said it expects the real GDP growth to pick up to 2.2 percent in 2021 and 4.9 percent in 2022
Saudi EXIM Bank joins Berne Union
This will help the bank address major issues in export credit.The bank’s membership in the union represents a major milestone in its role as a facilitator
It is also said to be in line with the bank’s objective of boosting the export of national products through local and global partnerships
