China, Russia trade soared in 2023 as commerce with US sank
Beijing, China - Trade between China and Russia hit a record high in 2023, official data from Beijing showed on Friday,...Economy
Federal Tax Authority, Etihad Credit Bureau tie up to boost tax compliance
Dubai, UAE--The Federal Tax Authority (FTA) has signed an agreement with Etihad Credit Bureau to enhance tax compliance in the...Economy
GCC hotel industry readies for a comeback
The Gulf hotel sector's investments, according to reports, have reached $27 billion. New hotel projects worth $3.5 billion in the...Hotel licenses in Saudi Arabia can now be obtained in just 10 days.
Until March 2021, UAE had 1096 hotels with 181.3 thousand rooms.
Mena region needs water resilience: World Bank
Without water resilience, the MENA region may see a loss of 6-14 percent of the collective GDP by 2050, says...A drought can reduce the economic growth of a city anywhere in the world by up to 12 percent, says the World Bank
The MENA region, it says, has over 60 percent of the population living in areas with high water stress, compared with 35 percent globally
Slow Covid vaccination to cost global economy $2.3trn
Emerging countries will bear the brunt of the losses from slow vaccination efforts, according to the Economist Intelligence UnitEmerging countries will bear the brunt of the losses from slow vaccination efforts, according to the Economist Intelligence Unit
Covid, vaccination, economist, intelligence unit, global economy, study
Women-only business package introduced in Masdar
Masdar City Free Zone offers opportunities for UAE women who constitute 70 percent of UAE university graduates and are also...The announcement comes ahead of Emirati Women’s Day on Aug. 28.
A team of experts are available to assist aspiring women entrepreneurs.
IsDB and OIC keen to boost cooperation
Both institutions will work toward supporting economic and social development in member countries.IsDB is organizing a forum in Tashkent on Sept. 2 on post-Covid 19 situation.
Both institutions will work toward supporting economic and social development in member countries.
Iran to set up real-estate stock exchange in H2
When established, it is expected to be Iran’s fifth major stock exchange.It will be under the purview of the Iran Mercantile Exchange or IME
Such an exchange is expected to provide housing units for the underprivileged
Chabahar port becomes permanent member of World FZO
The World FZO is a non-governmental, non-profit entity based in Dubai in the United Arab Emirates.Chabahar is Iran's only oceanic port on the Gulf of Oman
It can from now on participate in the decisions and events of the World FZO
All projects under Saudi Vision 2030 ‘colossal’
The number and value of mega projects set to transform the country’s real estate landscape and showcase the kingdom’s vision...Nearly $300bn of the total spends dedicated to new infrastructure, according to consultancy firm Knight Frank.
Inquiries for development consultancy and development management services have increased over the last six to 12 months.
Fighting in Syria’s Daraa displaces 38,000: UN
Clashes between the two sides since late July have marked the biggest challenge yet to the Russian-brokered deal that returned...Clashes between the two sides since late July have marked the biggest challenge yet to the Russian-brokered deal that returned the southern province to government control
The Britain-based Syrian Observatory for Human Rights said that government forces are restricting the entry of goods into Daraa al-Balad
Oman lifts travel ban on India, Pakistan, Bangladesh
Fully-vaccinated passengers from 21 countries can now travel to Oman, according to a new circular issued by the country’s Civil...All those coming to Oman are required to present a Covid-19 vaccine certificate
The certificate must contain a QR Code stating that they have received two doses of an Oman-approved vaccine
