Sustainable practices make GCC economy resilient
A shift to green tech and renewable energy is fostering the Gulf economy's resilience and diversification for a sustainable future,...Economy Uncategorized
Wars to cast pall over meeting of global VIPs in Davos
Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine...Business Economy
Israel opens Chinese-operated $1.7bn port in Haifa
The port, to be operated by Shanghai International Port Group, is expected to bring competition to a sector plagued by...It is expected to enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel
About 99 percent of all goods move in and out of Israel over sea, and an upgrade is needed to maintain economic growth
Egypt gained most from Islamic Development Bank in 2020
IsDB also contributed to Covid-19 relief in 2020, where it approved financing of around $2.3 billion.IsDB gave out around $6.8 billion to various nations last year
Egypt’s share in that, at $1.13 billion, amounted to around 17 percent
UAE outsmarts competitors in luring foreign investors
The UAE government's recent decision to slash the fee to set up a business by 94% to US$272 is expected...The UAE Government has slashed the fees for setting up a business by about 94% to only US$272 (AED 1,000)
In A T Kearny’s FDI Confidence Index 2021, the UAE gained four places – from 19th rank in 2020 to 15th rank in 2021
Israel’s budget passes first hurdle in parliament
The budget proposal was approved in August by the coalition government of Prime Minister Naftali BennettThe budget proposal was approved in August by the coalition government of Prime Minister Naftali Bennett
The budget bill will now go to committee before being submitted for final approval at a second or third reading in the autumn
UAE’s non-oil trade with Arab countries hits AED191bn in H1
The non-oil trade between the UAE and Arab countries grew 29 percent to AED191 billion in the first half of...UAE’s Minister of Economy Abdulla bin Touq Al Marri calls for greater efforts to increase intra-Arab trade
He underlines the UAE’s support for all relevant regional efforts, made within the Greater Arab Free Trade Area (GAFTA) and the Arab Customs Union
Iran discusses oil cooperation with China
Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the...Iranian Oil Minister Ali Owji has met discussed ways to increase cooperation with the CNPC
CNPC’s Middle East department deputy head Libin Zhang met Owji in Vienna on Thursday
UAE announces 50 national development projects
The projects are expected to lay the foundations for further growth of the UAE.The economic and developmental projects will foster a competitive business environment
This is expected to attract investors, innovators, entrepreneurs, and talents from across the world
IsDB launches $100m fund in Uzbekistan
The $100-million fund, mainly supported by Saudi investors, will target 34 micro, small, and medium enterprises.The economic development fund is expected to generate 100,000 jobs in the country which is struggling with poverty
The new fund is part of the IsDB’s series of development activities in Uzbekistan, which so far stand at $2.4 billion in value
Colonial-era architectural heritage at risk in Tunis
Built by Italian and French architects and businesspeople, such buildings are associated with colonialismBuilt by Italian and French architects and businesspeople, such buildings are associated with colonialism
Built just outside Tunis's traditional Arab medina they were meant to "modernise" the city
Iran may see power-supply problems in winter
The Energy Ministry could face serious problems in meeting electricity demand in winter if power plants did not get fuelThe Energy Ministry cannot reduce supply to the domestic sector in winter
Therefore, it must supply liquid fuel to power plants in advance to keep up with demand
