ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
- Doha, Qatar--The Qatar Chamber (QC) and the International Labor Organization (ILO) discussed bilateral cooperation relations in the fields of labor,...
The Lebanese pound sank to a new low on the black market Wednesday, with no end in sight to the...The new record, topping a previous peak in July, comes as the government fails to resolve a diplomatic crisis with Gulf countries.
The World Bank estimates Lebanon may need almost two decades to recover its pre-crisis per capita GDP.
Saudi Arabia has announced a new procedure that allows employers to renew residence permits, work permits and financial compensation for...The Ministry of Human Resources and Social Development and General Directorate of Passports have started the service.
The General Directorate of Passports stated that this service can be availed through the Absher Business and Muqeem platforms.
- Saudi Arabia recorded a 28.4 percent rise in non-oil exports in the third quarter of 2021 to $18.48 billion thanks...
The ratio of non-oil exports to imports increased to 48 percent in Q3 2021 from 44 percent in the year-ago period
Overall, exports increased by 72 percent year-on-year to 276 billion riyals, mainly due to higher oil exports, which rose by 100 billion riyals, or nearly 94 percent
Debts of 4,511 Emirati citizens, amounting to AED1.15 billion ($313 million), have been waived by 20 banks and financial institutions,...20 banks and financial institutions provided debt relief on the direction of Sheikh Khalifa bin Zayed Al Nahyan.
First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, Abu Dhabi Islamic Bank were among the banks that waived debts.
Last year, China recorded 8.52 births per 1,000 people according to the 2021 Statistical Yearbook released in the past week...Last year, China recorded 8.52 births per 1,000 people according to the 2021 Statistical Yearbook released in the past week - the lowest figure since 1978
The unbalanced ratio of male and female population have become the major reason which causes the lowest birthrate in China
During Algeria's transition to a market economy in the 1990s, subsidies replaced the fixed prices of a planned economy that...The North African country, heavily dependent on oil and gas exports, has for decades subsidised everything from bread and milk to fuel and electricity
The income from energy exports has fallen for years, especially during the downturn driven by the Covid-19 pandemic, heightening the strain on public finances
It is vital for the economic development of the Middle East by fostering innovation, entrepreneurship and creating large-scale employment opportunities...According to a recent Forbes report, there are at least 2,800 FinTech startups in the Middle East and Africa
In Saudi Arabia, startup funding topped US$168 million in the first half of 2021, 65% more than it did in H1 2020
- Iraq is making efforts towards joining the World Trade Organization and its Minister of Trade will visit Geneva to discuss...
The delegation is likely to reach an agreement with European trade ministers.
Iraq needs to pass laws and legislation on many topics, including the economy and customs, a trade ministry spokesman said.
The inflation rate in Oman rose by 3.35 percent in October 2021 compared to October 2020. Local media reports, citing...Prices of fish and seafood group rise by 14.82 percent in October compared to Oct. 2020.
While the prices of restaurants and hotels fell by 0.21 percent, the prices of tobacco, health and communication remained unchanged.
- Oman's finance ministry has issued government treasury bills worth Omani Riyal 75 million ($194 million). Treasury Bills are short-term highly...
Treasury bills are short-term highly secured financial instruments that provide licensed commercial banks the opportunity to invest their surplus funds.
The bills have a maturity period of 91 days, from 24 November 2021 until 23 February 2022.
