‘Tech solutions help make food practices sustainable’
UAE's launch of Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, WEF's Tania...Economy Climate Change
Russia, Saudi say sovereign Palestine state vital for regional peace
RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...Business Economy Energy Geostrategy Global Climate Change
Belt and Road Initiative in GCC: A deep dive
The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road...Bilateral trade between China and GCC increased 180 percent from US$68bn in 2009 to US$190bn in 2019
Gulf imports from China totaled US$10 bn in clothing, textiles, and fabrics, accounting for 66 percent of Arab trade with China
Iran spends $620m to mechanize agriculture
That amount reportedly equals 87 percent of the total budget allocated to a credit line for agricultural mechanization.The money has been used to supply agricultural machinery, tools, and equipment
These have been supplied in fields like horticulture, livestock, poultry, and aquaculture
Morocco polls: ‘New model of development’ in focus
King Mohammed VI will name a prime minister from the party that leads the parliamentary poll to govern for the...King Mohammed VI will name a prime minister from the party that leads the parliamentary poll to govern for the next five years
The palace remains the source of key decisions and strategic direction in the country of 36 million people
Power cuts stall industrial revival in Syria’s Aleppo
The conflict has ravaged electricity networks as well as oil and gas infrastructure across the countryThe conflict has ravaged electricity networks as well as oil and gas infrastructure across the country
Syrians in government-held areas have had to adapt their lives at home and work around power cuts of up to 20 hours a day
In world first, bitcoin becomes legal tender in El Salvador
El Salvador has become the first country to introduce bitcoin as legal tender, with high demand forcing a freeze of...Bitcoin can be bought and spent using a cyber wallet called "Chivo"
Special ATMs allow people to make bitcoin transactions and draw cash in dollars
Asian markets lifted by recovery hope, Tokyo breaks 30,000
While the mood is generally upbeat, analysts remain cautious owing to the constant threat of the pandemic.Shanghai, Sydney, Singapore, Wellington, Manila, Mumbai and Bangkok post gains; Seoul, Taipei and Jakarta the only stragglers.
Tokyo continued its march higher on stimulus hopes, while a reshuffle of the Nikkei 225 also provided healthy support.
Aramco Q2 net income $25.5 billion, up by 288 percent
The results driven by higher oil prices and a recovery in worldwide demand, supported by the global easing of COVID-19...H1 net income $47.2 billion, representing a 103 percent increase over the same period in 2020.
The Q1 dividend of $18.8 billion was paid in the second quarter and Q2 dividend of the same amount will be paid in the third quarter.
Saudi non-oil revenues jump 206%
The non-oil revenues of Saudi Arabia have increased to US$31 billion in Q2 2021 as against US$10.1 billion in Q2...Saudi economy contracted by 7 percent in 2020 but grew by 1.5 percent in Q2 2021
IMF expects Saudi real GDP to expand by 2.4 percent in 2021, following a contraction of 4.1 percent last year
Cyprus becomes safe haven for fleeing Lebanese
Since the start of the crisis in 2019, several thousand Lebanese have emigrated, many of them to Cyprus.Since the start of the crisis in 2019, several thousand Lebanese have emigrated, many of them to Cyprus
According to the United Nations, 78% of Lebanese now live below the poverty line -- up from less than 30% before 2019
As economy slumps, Turkey turns on migrants
Turkey turned into the home of one of the world's largest migrant populations when it struck a deal with Brussels...Turkey turned into the home of one of the world's largest migrant populations when it struck a deal with Brussels to help resolve Europe's 2015-16 refugee crisis
President Recep Tayyip Erdogan says the nation of 84 million now hosts five million migrants and refugees
