Riyadh, Saudi Arabia - Governor of Saudi Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Thursday positioned Saudi Arabia as...
Addressing infrastructure and climate change is crucial for Africa's development, British Robinson, the Coordinator of the Prosper Africa Initiative, tell...
The UAE marks one year since normalising ties with Israel today as the leaders hope the Abraham Accords could reap...The economic benefits have come quickly for the UAE and Israel after the US-brokered Abraham Accords
Both have signed a series of deals ranging from tourism to aviation and financial services
The two leaders discussed bilateral relations, investment opportunities, economy and culture, as well as other vital sectors, to drive sustainable...The two leaders review regional developments, which is likely to include Afghanistan
The UAE has set up an air bridge to deliver tonnes of aid to Afghanistan
- Lebanon's outgoing finance minister Ghazi Wazni has told reporters that auditing firm Alvarez & Marsal would be signed on within...
Central bank governor Riad Salameh is already under the scanner for his alleged role in Lebanon’s economic crisis
The former Merryll-Lynch banker is also being investigated by French authorities over money-laundering charges
The memorandum is said to be in line with Kuwait Vision 2035 and the national development plan 2021-2025.For Kuwait, Finance Minister and Minister of State for Economic and Investment Affairs Khalifa Hamadah signed the memorandum
World Bank’s Regional Director for Saudi Arabia and the Arab Gulf Countries, Esam Abo-Sulaiman was the co-signatory
The pandemic might have battered other sectors of the world economy, but the shipping industry has raked in revenues not...Jump in earnings has been caused due to a 333% hike in shipping cost
The hike in cargo charges, however, has raised the specter of inflation around the globe
DUBAI: Saudi Arabian insurance sector showed overall positive developments during Q2 as gross written premiums (GWPs) grew by 8.1 percent...Fall of net income by 59 percent attributed to the claims returning to pre-pandemic normal levels.
Energy and property claims grew by 98 percent and eight percent respectively.
The optimistic forecast comes as the OPEC cartel nations and their allies are beginning to raise output to meet recovering...The optimistic forecast comes as the OPEC cartel nations and their allies are beginning to raise output to meet recovering demand
The OPEC's output rose by 151,000 barrels per day during August to hit 26.76 mbd
The project linking the six GCC countries is expected to boost exports, diversify mode of transportation and reduce carbon emissions...Once the project is completed in the GCC, the developers plan to link the railway line with the ones in Jordan, Syria and Turkey and connect to Europe from thereon.
GCC Railway project not only benefits the six countries economically but attracts investments, both local and foreign
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)
