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
‘Nuclear solutions remain key to sustainable future’
“In the context of energy transition, flexibility is gaining more traction in the energy markets. This is exactly what small...Economy Energy Climate Change
Cisco shares vision for a digital future at Expo 2020 Dubai
Located at Expo 2020 Dubai’s Partner Hub, Cisco’s digitally powered environment takes inspiration from natural groves and their intelligent underground...Located at Expo 2020 Dubai’s Partner Hub, Cisco’s digitally powered environment takes inspiration from natural groves and their intelligent underground systems
Aligned with Expo 2020’s theme of ‘Connecting Minds, Creating the Future’, The Cisco Grove illustrates how smart, intuitive networks can create greater connectivity
IMF: Global inflation nearing peak, stabilizing next year
The full report will be published next Tuesday and updates the estimates the IMF made in July, when it predicted...In its latest forecast, the IMF pointed to commodity shortages, supply chain snarls and the resumption of economic activity
Among emerging and developing economies, the institution predicts inflation will decline to four percent from the 6.8 percent peak it will hit later this year
Thousands of Gazans apply for Israeli work permits
The total number of permits being granted by Israel to Palestinian labourers in Gaza is 7,000.The total number of permits being granted by Israel to Palestinian labourers in Gaza is 7,000.
The impoverished territory of two million inhabitants with an unemployment rate of about 50% has been blockaded by Israel for nearly 15 years
Lebanon’s telecom, internet sector could collapse in days
Telecom companies in Lebanon have joined the long list of at-risk industries and institutions because of the financial and economic...Touch and Alfa mobile companies and the state-run telecommunications company Ogero operate fixed lines and fixed internet
The quantity of diesel they have is enough for them to run for only a few days
Jordan to support industry with national projects
Jordan’s Ministry of Industry, Trade and Supply will be establishing these projects as part of its implementation of the government's...The move is expected to boost the competitiveness of Jordanian industry locally and abroad
The establishment of the national projects is also expected to include the building of a fund to support and develop local industry
Kuwait private sector partner in boosting trade ties: UAE chambers
KUWAIT: A delegation from the Federation of UAE Chambers of Commerce and Industry and officials of the Kuwait Chamber of...Federation of UAE Chambers and Kuwait Chamber hold a meeting to discuss ways of promoting investment opportunities.
Kuwait Chamber chairman expects Kuwait-Abu Dhabi cooperation in healthcare, education and food security.
In Iraq vote, big blocs lurk behind ‘independents’
A new electoral law in Iraq will mean that when Iraqis go to the polls on Sunday, they will vote...The elections will have voters choose individuals running as independents rather than members of political blocs.
Those disillusioned with the political class fear these individuals will spend no time supporting blocs when elected.
Bahrain VAT rate hike may boost sales of UAE retailers
Bahrain plans to double its VAT rate to 10 percent, which is likely to drive its citizens to shop in...In the GCC, Saudi Arabia and the UAE were the first to introduce a VAT system in January 2018
Bahrain followed a year later, and Oman brought in the tax in April 2021
Saudi non-oil private sector grows fastest in seven years in September: IHS
There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according...The relaxation of the regulations boosted customer demand, the latest IHS Markit report said, helping businesses expand their output
The seasonally adjusted Purchasing Managers’ Index (PMI) surged to 58.6 in September from 54.1 in August
UAE, Australia discuss economic relations
UAE Minister of State Ahmed Ali Al Sayegh recently met with Australian Minister for Trade, Tourism and Investment Dan Tehan...The volume of non-oil trade exchange between the two countries during 2016-2020 amounted to about $15.7 billion
The value of mutual investments between the two countries since 2003 exceeded $5 billion
