The parliament ratified by a huge majority of 92 votes out of 133 an amendment to an article that prohibited...
The OECD raised its 2024 world economic growth forecast Monday but warned that the Middle East conflict posed a risk,...
Egypt’s exports recorded a nearly fifty percent jump to $3.61 billion in June 2021, as a compared to $2.94 billion...The country’s trade deficit fell by 27.8 percent during June to reach $2.49 billion, down from $4.07 in June 2020
Egypt witnessed a hike in exports of some commodities such as plastic (78 percent), ready-made clothes (54.6%), pasta and other food items (53.1 percent)
The value of exports of national origin of Bahrain increased to BD386 million ($1.06 billion) in August 2021, compared to...Saudi Arabia ranked first among countries receiving Bahraini exports of national origin, importing BD77 million (around $205 million) from Bahrain
The United States was second with BD62 million (around $165 million) and the United Arab Emirates third with BD53 million (around $141 million)
- Oman has suffered a sharp decline in its total actual revenues, falling a staggering twenty percent to $22.1 billion in...
Current expenditures, on the other hand, totaled $24.6bln in 2020
The fall is being blamed on the Covid restrictions and a drop in oil prices
GASTAT announced this increase while making public the country’s GDP and National Accounts report for the second quarter of 2021....Compared to Q1 2021, seasonally adjusted GDP recorded a growth of 0.6 percent
This increase resulted mainly from the increase in the oil sector by 2.4 percent
- The Ras Al Khair plant produces 1.05 million cu m of desalinated water per day and generates 2.65 GW of...
Saudi Arabia was planning to sell 60 percent stake in the Ras Al Khair plant and raise $2 billion
However, bidders backed out after considering several factors, including the plant’s age and its waning technology
It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since...Experts see up to 40 percent rise in premiums in the next two to three years.
Abu Dhabi-based Daman Insurance looking at new markets such as Kuwait and Bahrain.
The United Arab Emirates (UAE) intends to spend some $6.53 billion over the next five years in order to create...It has also unveiled a series of initiatives to extend financial support and aid career development for local residents
Government monetary assistance will include pension fund or retirement contributions, training costs, child support and salary aid
Iran plans to improve the condition of the major freeways and highways, and expand the country’s freeways network to 10,000...Iran’s Deputy Transport and Urban Development Minister Kheirollah Khademi said the country needs $1.07 billion to improve 10 major freeways in the next two years
The country also announced the construction of new freeway corridors as another part of infrastructure development programs for the coming years
Based on a survey done last year, 77 percent of Lebanese youth said they think about emigrating and seek it,...Based on a survey done last year, 77 percent of Lebanese youth said they think about emigrating and seek it, and this percentage is the highest among all Arab countries
Many professionals, including doctors, academics, entrepreneurs, and designers, have left or are planning to go
The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices...The combined assets under managements of the GCC sovereign wealth funds rises to US$2.77 trillion
The UAE has five sovereign wealth funds with a combined total asset of US$1.2 trillion
