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
UAE GDP set to double in 2024 from oil and non-oil boost: report
Dubai, UAE - The UAE’s GDP is expected to double in 2024 to 4.8%, up from 2.4% year-on-year in 2023,...Economy
Saudi Arabia issues over 1,600 residential plots in September
The plots are said to have been issued under the country’s Sakani Housing program, which is a part of Saudi...The Sakani scheme runs in partnership with the private sector
It also channels financing options to people who can also construct their own homes
Arab youth name UAE country of choice for the tenth consecutive year
For the tenth consecutive year, Arab youth have said the UAE is the country they would like to live in...A third of the youth polled in a survey cite UAE's growing economy and opportunities it offers as attractions.
Ninety-nine percent of Emiratis say their country’s economy was heading in the right direction.
DP World and UK’s CDC Group to create Africa investment platform
DP World will contribute its stakes in three existing ports and invest $1 billion over the next few years through...DP World will contribute its stakes in three existing ports and invest $1bn over the next few years.
CDC is committing $320 million initially and a further $400 million over the next several years.
Lebanon leaders start conclave to plan rescue of economy
Lebanon is currently experiencing possibly the worst economic crisis in the world.Members of the Lebanese government started a conclave to develop a vision on a rescue and action plan for the country
The conclave began at the monastery of Saint John the Citadel in Beit Meri
UAE and Italy’s export credit agencies review progress of joint initiatives
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and SACE, the Italian export credit company (CDP Group), have...Etihad Credit Insurance chief says significant gains made in Halal-certified businesses.
The two sides explored how they can help boost the flow of goods, services and investment capital worldwide.
Arab region natural gas demand growing at ‘fastest’ pace: OAPEC
Demand for gas in the region eclipses global demand by more than twofold, the second highest in the world in...Power generation in the region forms 52 percent of total consumption, with the region's energy transition plans heavily reliant on LNG import projects
The bloc espoused the merits of LNG output expansion in improving energy efficiency by up to 39 percent as part of efforts to reduce dependence on oil and petroleum products
Israel’s Expo pavilion mirrors warming ties with UAE
The visits of several Israeli ministers so far show the importance the Jewish state attributes to the event.The future of Israel-UAE relations depends on how they are affected by major flareups over Jerusalem or other aspects of the Israeli-Palestinian conflict.
The UAE has become one of Israel's top twenty trading partners in 2021. Food security, agriculture tech and water management are key areas of partnership.
IMF reaffirms ‘full confidence’ in head Georgieva
The IMF board said it "considered that the information presented in the course of its review did not conclusively demonstrate...An investigation by law firm WilmerHale has concluded that the Bulgarian economist manipulated data in favor of China while in a senior role at the World Bank
WilmerHale's controversial findings center on the drafting of the 2018 and 2020 editions of the World Bank's report ranking countries according to their ease of doing business
Is Binance moving headquarters to Dubai?
The world’s largest cryptocurrency exchange recently registered three companies in Ireland and is currently setting up several regulatory companies worldwide....Binance CEO Changpeng Zhao, according to sources, may move the operations of the world’s largest cryptocurrency exchange from Seychelles to the UAE city.
The cryptocurrency exchange is banned by several governments, while other countries are open to investigations into allegations such as market manipulation
Saudi eyes $100bn yearly in foreign investment as part of Vision 2030 plan
The NIS is expected to raise annual FDI flows to $103.47 billion and increase annual domestic investment to $286.33 billion...The National Investment Strategy is expected to increase annual domestic investment to 1.7 trillion riyals by 2030
The strategy will be ‘a key enabler; of the Vision 2030 plan, announced in 2016 to diversify the economy of the world's biggest oil exporter
