WEF 2024 aims to bridge trust gaps amid global discord
Geneva, Switzerland - The World Economic Forum Annual Meeting 2024 is set to gather over 2,800 global leaders in Davos-Klosters,...Economy
Dubai leads MENA region in urban mobility readiness
The emirate ranked 28th globally in the 2023 Urban Mobility Readiness Index, highlighting its efforts in creating a sustainable, future-ready...Economy
ADNOC and Fertiglobe to sell blue ammonia to Idemitsu
The sale is part of UAE-Japan industrial cooperation and development of ammonia supply chains.ADNOC sold its first cargo of blue ammonia to Japan's Itochu on Aug. 3.
Sales part of UAE-Japan industrial cooperation and development of ammonia supply chains.
Investors may prefer this new Abu Dhabi license
New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that...ADDED will also issue a form of service agent agreement to streamline the relationship between partners.
604 activities covered under the license, including accounting, training, consultancy, beauty centers.
Saudi budget deficit narrows sharply
Better days for Saudi economy seem to be on the horizon as the kingdom’s budget deficit has narrowed sharply in...Saudi budget deficit fell by 38 percent from Q1
Spending rose to SR252 billion from SR212 billion
US announces extra $165 mln in Yemen aid
Yemen's conflict flared in 2014 when Iran-backed Huthi rebels seized the capital SanaaYemen's conflict flared in 2014 when Iran-backed Huthi rebels seized the capital Sanaa
The fighting has killed tens of thousands, displaced millions and left some 80 percent of Yemenis dependent on aid
Dubai Chamber launches online tool to fill $10b export gaps
The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around...The tool is focused at 30 promising markets across the MENA region, Asia, Africa, and Europe
They added that Dubai Chamber’s online tool has 26 major commodities listed on it
Riyadh leads Q2 Saudi Arabia residential market boom
Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on...Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on year.
Riyadh and Jeddah likely to witness a 25 percent and 36 percent increase in total office supply in the next three years.
Lebanon fuel scarcity leads to brawls that kill three
The fatalities have taken place in two different incidents in the country where fuel is scarce due to an ongoing...In one case, two people were killed in a brawl in the Lebanese city of Tripoli
In the second instance, a youngster was shot dead at a gas station in a village
Dubai Economy issues 3,243 trader licenses in H1
Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.
Males account for 63 percent of the licenses issued and IT tops the list of activities.
Middle East’s largest wind farm produces first carbon-free MWh
The project, Saudi Arabia's first, is being developed by leading renewable energy companies EDF Renewable and Masdar.The project, Saudi Arabia's first, is being developed by EDF Renewable and Masdar.
On completion, the farm will power about 70,000 Saudi households.
Aramco net income rises to $25.5 billion in Q2
Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...The company announces a dividend of $18.8 billion.
Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.
