Doha Forum debates advantages in Gulf-Europe green ties
Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to...Business Economy
Faster hydrogen production needed for energy transition: WTO
Abu Dhabi, UAE-- In order to speed up the energy transition there must be a fast increase in the production...Economy Climate Change
Bahrain’s deficit dips 35 percent to $1.38bn in H1
Bahrain has succeeded in lowering its deficit by 35 percent to $1.38 billion in the first half of 2021, compared..."Strategic planning, along with the persistent dedication of Team Bahrain, has yielded tangible outcomes in the Kingdom's path to development”
According to the report, recurrent expenditure decreased by 2 percent year-on-year
PIF ups Activision Blizzard holding in second quarter
The sovereign wealth fund is at the center of the kingdom's plans to transform the economy by creating new sectors...During Q4 2020, PIF acquired 14.9 million shares of US video-game maker Activision.
Its other purchases last year included 7.4 million Electronic Arts shares and 3.9 million Take-Two shares worth about $1.1 billion and $826 million.
Bahrain eServices revenue up 257% to $532m in H1
The number of financial transactions in H1 2021 exceeded 1.6 million, double the number in the same period last year.More than 1.1 million financial transactions were carried out on the national portal alone
This an increase of 76 percent compared to the same period of last year
Firefighters battle second day of blazes near Jerusalem
Police and local officials "began evacuating hundreds of families" from communities on the western outskirts of JerusalemPolice and local officials "began evacuating hundreds of families" from communities on the western outskirts of Jerusalem
Fires have flared this summer around the Mediterranean basin, including in Greece, Turkey, Algeria and Morocco
UAE, Iraq moot bilateral business council
Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council
Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting
Crisis-hit Lebanon reels from latest deadly explosion
At least 28 people were killed when the fuel tank blew upAt least 28 people were killed when the fuel tank blew up
The Lebanon grapples with an economic crisis described by the World Bank as one of the world's worst since the 1850s
Death toll in Haiti quake jumps to over 1200
In hard-hit cities on the southwestern peninsula most of the population spent the night sleeping outdoors in front of their...In hard-hit cities on the southwestern peninsula most of the population spent the night sleeping outdoors in front of their houses
Rescuers faced new pressure with Tropical Depression Grace approaching, raising fears of torrential rainfall
UAE on way to become cashless economy by 2025
According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs
The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years
UAE on way to become cashless economy by 2025
According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs
The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years
Dubai property transactions up 50 percent in Q2: Report
Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic...Residential transaction volume totaled 14,426 units, a rise of 35.48 percent from Q1 2021.
Palm Jumeirah saw the highest increase in villa rents, at 3.9 percent Q-o-Q.
