UAE leads global renewable energy drive: IRENA envoy
The UAE plays a pivotal role as IRENA headquarters and key renewable energy hub, Dr Nawal Al Hosany, the permanent...Economy Energy
Rich-poor gap widening due to unequal vaccine access: IMF
Advanced nations have vaccinated nearly 40 percent of the population, compared to barely 11 percent in emerging markets and a...
Saudi ICT infrastructure market set for 9% growth by 2030
The country’s ICT infrastructure market value stood at $1.54 billion in 2020, and is being fueled by several factors.Saudi Arabia dairy market to grow at 5.66% CAGR
Valued at $5.72 billion in 2020, the market is expected to expand to $7.94 billion by 2026, said market intelligence...
Kuwait to lend Egypt more than $18 million to build two desalination plants
The two plants will be built in the new cities of Rafah and Bir al Abed in North Sinai.
Israel, Bahrain gear up for economic cooperation agreement
The agreement, after it comes into effect, is expected to lead to the establishment of a joint economic committee to...
UN commission pays $600 million to Kuwait oil firm for Iraq invasion losses
The UN Compensation Commission is to pay another $1.1 billion to the Kuwait Petroleum Company as compensation.
Jordan’s revenue, spending shoot up in first half of 2021
Jordan’s revenues during the first five months of 2021 went up by JD848.9 million, registering an increase of 38 per...Egypt’s economy to grow 5.2 percent in current fiscal: IMF
Egypt’s economy is expected to grow 5.2 percent during the current fiscal, compared to a projected growth rate of 2.8%...
Tesla quarterly profits top $1 billion for first time
Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the...
Two out of three in Syria are food-insecure, says WFP
Germany has donated €109 million ($128.73 million) to “support 4.8 million Syrians to access lifesaving food and over 600,000 children...
