"Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition...
- The region is on a growth track due to modernization, education, and broad integration with global economies, Joshua Friedman of...
The Saudi economy, as per IMF, is recovering "well" from the pandemic, estimating the kingdom's non-oil economy will grow by...COVID-19 increased the average debt in Arab countries to 81.8 percent of its GDP in 2020, up from 69.4 percent in 2019.
Qatar has the highest GDP per capita in the Arab world due to its small population.
The UAE banking sector has posted a moderate yearly growth of 0.6 percent with total assets reaching US$873.6 billion, or...Total customer deposits in the country’s banks between Q2 2020 and Q2 2021 witnessed 2.3 percent year-on-year growth reaching US$519.4 billion or AED1.908 trillion.
Personal loans to residents recorded 3.6 percent increase at US$92 billion or AED336.5 billion during the period
DUBAI: Emirates Central Cooling Systems Corporation (Empower) will be using Mitshubishi's air-conditioning and heating systems for its environmentally friendly district...A deal between the two allows Empower to increase capacity to 200,000 refrigeration tons.
Empower will start using the new units in its plants under construction located in Zabeel, Business Bay, Madinat Jumeirah.
WGES will look into ways to advance the food and agricultural technology sectorsWGES will look into ways to advance the food and agricultural technology sectors
One of these is the Dubai Food Tech Valley, a programme launched by ruler of Dubai Al Maktoum
- Gold prices reached record levels in 2020 following an increase in investor appetite because of COVID-19. The price of yellow...
Gold jewelry shopping in Saudi Arabia and Egypt grows 13 percent and 4 percent and decreases 12 percent in the UAE
China purchased 191.1 metric tons of gold in 2021, followed by India, which bought 102.5 metric tons
Iran has been trying to enter the SCO for years, and was close last year, but Tajikisatn objected to it.Iran has hailed its acceptance into the Shanghai Cooperation Organization, a bloc led by China and Russia
This, for it, was an eastward turn that it sees as opening access to major world markets and a counter to Western sanctions
If the Lebanese were expecting a measure of relief from the new Mikati government, they were badly disappointed. The government...The government has promised action to address the crisis, including talks with the IMF and a start to reforms
The new government has also signed a new contract with restructuring consultancy Alvarez & Marsal (A&M) to carry out a forensic audit of the central bank
- A Dubai-based think-tank has said that as many as 254 start-ups, mostly from the UAE, Saudi Arabia, and Egypt, have...
Dubai-based think-tank MAGNiTT said that as many as 254 start-ups, mostly from the UAE, Saudi Arabia and Egypt, have attracted record breaking funding this year
Dubai SME offers funding options and support for including advisory and incubatory services to small and medium enterprises (SMEs), start-ups and established businesses
- The Force for Good initiative has said the UN has funding gap of $84-101 trillion in achieving the SDGs.
The 17 SDGs are goals that the UN set forward in 2015, which would be accepted by all its members states, to build a better planet
They include, but are not limited to goals like No Poverty, Zero Hunger, Good Health and Well Being, Quality Education, and Gender Equality
- PSG boasts a stellar line-up, with the likes of Lionel Messi, Neymar, Kylian Mbappé, and Sergio Ramos taking to the...
The tournament will be played in January next year as part of the second edition of Riyadh Season
The event, which celebrates the city, will be held from October 2021 to March 2022
