Riyadh Season draws 9 million visitors to its entertainment zones
Riyadh, Saudi Arabia - The number of visitors to Riyadh Season has surged to over 9 million, indicating a significant...Business Economy
COP28 last chance to keep 1.5C target alive: John Kerry
US climate envoy issued the warning after COP28 president Sultan Al Jaber proposed a draft deal that did not include...Economy Climate Change
‘Third mass exodus’ feared in Lebanon as crisis worsens
Based on a survey done last year, 77 percent of Lebanese youth said they think about emigrating and seek it,...Based on a survey done last year, 77 percent of Lebanese youth said they think about emigrating and seek it, and this percentage is the highest among all Arab countries
Many professionals, including doctors, academics, entrepreneurs, and designers, have left or are planning to go
Assets under GCC SWFs grow 10% to US$2.77trn
The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices...The combined assets under managements of the GCC sovereign wealth funds rises to US$2.77 trillion
The UAE has five sovereign wealth funds with a combined total asset of US$1.2 trillion
Iraqis saddest people in Arab region: Report
Political, economic and social crises in the Middle East countries has led to an implosion of negative emotions among their...Lebanon, Egypt and Tunisia follow Iraq, according to Gallup World Poll.
Research has revealed that emotions usually drive bad investment decisions.
Saudi Arabia eyes investment opportunities from Germany
The Saudi Vision 2030 has unlocked investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion).Germany is a key trade and investment partner for Saudi Arabia
It was the fourth-largest source of imports to the kingdom in 2020
Dubai Chamber members’ exports, re-exports reach $40 bn
Surge in trade activity in Dubai has lifted the value of exports, re-exports.58,154 certificates of origin issued by Dubai Chamber in August 2021.
Outside of the GCC, Egypt was the largest export market as member exports to the country.
Mikati seeks global support to revive Lebanon
The country no longer has the money needed to support its economy, says the new Prime Minister Najib Mikati said...Lebanon is going through a major economic and political crisis
The World Bank has termed it as one of the deepest recessions recorded in modern times
Tehran to issue 20 million more Justice Shares
Issued during the rule of former president Mahmoud Ahmadinejad in 2006, the Justice Shares were intended to assist economic privatization...The value of the portfolios of shareholders, which are estimated to be 49 million, has grown nearly ten times.
The number of state-owned enterprises that were supposed to be privatized under the justice share program is now 49, valued at $21.8 billion.
Iran’s mega housing project faces infra hurdles
The one-million housing project is part of Iran’s plan to provide a total of six million houses for its underprivileged...Iran is trying to implement the one-million housing project to deliver affordable houses to its populace
However, the lack of infrastructure, such as water, electricity, and gas, could pose a serious challenge to this project
MarsRise to colonize Mars by becoming the next MoonShot
MarsRise is a deflationary token found on the Binance Smart Chain, which comes with an automatic liquidity pool growth, and...MarsRise is a deflationary token found on the Binance Smart Chain, which comes with automatic liquidity pool growth, and therefore the holder rewards through transaction taxation
It has automated Liquidity and its Strategic Buyback is distributed to the locked liquidity on every transaction, making MarsRise one of the best in this game
Saudi, UAE lead MENA region in 5G deployment
The MENA region will have 80 million 5G subscriptions, representing about 10% of total mobile subscriptions by 2025, according to...The total number of Saudi Governorates covered by 5G coverage increased to 53 in Q1 2021
The UAE ranks third internationally among countries with the fastest data download speeds in 5G networks, according to an analysis by “Opensignal”
