TikTok announces online shop deal
Indonesia is TikTok's second-largest global market.Business Economy
Digitization helps UAE make supply chain sustainable
"The UAE launched the 'Trade Tech Initiative' in partnership with the World Economic Forum. The initiative aims to accelerate the...Economy
Lebanon unlivable as economic, fuel crises deepen
Residents line up for days to get gas, while electricity only runs for 2 hours a dayLebanon’s energy crisis is dragging people to unlikely places in their desperate quest for life’s essentials
Residents line up for days to get gas, while electricity only runs for 2 hours a day
Megaship that blocked Suez heads back to Asia
The MV Ever Given had "successfully crossed" the canal after unloading its cargo in Britain and was now on its...The vessel was seen sailing in open waters accompanied by Egypt-flagged tugboats
The Ever Given got stuck diagonally across the canal during a sandstorm on March 23
Ex-head of Tunisia’s Anti-Corruption Committee placed under house arrest
Chaouki Tabib headed the independent authority from 2016 to 2020, when he was sacked by former Prime Minister Elyes FakhfakhChaouki Tabib headed the independent authority from 2016 to 2020, when he was sacked by former Prime Minister Elyes Fakhfakh
Tunisian President Kais Saied last month dismissed the prime minister, froze parliament and assumed executive authority
Morocco to keep Algeria-Spain gas pipeline open
The operating contract for the Moroccan section of the Maghreb-Europe Gas Pipeline, which links fields in Algeria with Spain, runs...The operating contract for the Moroccan section of the Maghreb-Europe Gas Pipeline, which links fields in Algeria with Spain, runs out in October
There was concern its renewal might fall foul of the latest spat between the two countries
Tackling Covid, reviving economy priorities: Raisi
More than 16.3 million people out of Iran’s 83 million inhabitants have been given a first vaccine dose, but only...Raisi has tapped 63-year-old optometrist Bahram Eynollahi as his health minister
Iran, battling the Middle East's deadliest Covid outbreak, launched a vaccination drive in February
More than 4m could lose water in Lebanon, warns Unicef
Unicef is calling for the urgent restoration of power supply, which is the only solution to keep water services running.Lebanon is currently suffering from one of the world’s worst economic crises since the mid-1800s
Matters have only been made worse by the withdrawal of fuel subsidies by the country’s central bank
Egypt to earmark $2.5bn for 17 desalination plants
Fresh water resources are becoming scarce due to drought in Egypt, which is more than 90% dependent on the Nile...The plants will supply drinking water to people in a country where potable water is often not very readily available
This move is the latest in Egypt’s list of initiatives to improve the supply of drinking water to its people
Saudi Arabia looks to boost exports
Saudi Arabia will resume negotiations with 11 countries for free trade agreements meant to increase non-oil exports share in GDP.Saudi Arabia is looking for more trading partners under free trade agreements as the country aims at increasing non-oil exports share in GDP
The kingdom is resuming negotiations for free trade agreements with 11 countries, Okaz paper reported
Qatar to give $10m per month to Gaza families in aid
Each of about 100,000 needy families in the governorates of the Gaza Strip would receive $100 per month in cash.Qatar will transfer the aid funds before the end of August
The distribution of these funds will start in the month of September
US to help Lebanon procure electricity
Lebanon has been struggling with fuel shortages for a couple of months, which has led to protracted power outages.The economic crisis in Lebanon is so dire that the World Bank has said it is among the 10 worst of its kind since the mid-1800s.
The global body also said the crisis could be among the top three in the world if it was not addressed immediately
