Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate...
Despite existing laws, global corruption has not decreased due to lack of enforcement and judicial independence, Francois Valerian of Transparency...
The country's economy is witnessing deterioration as sources of income decline, unemployment rises to 18 percent and rising debt necessitates...Lifting subsidies is a risky decision that could spark public unrest
The number of poor and vulnerable people will rise from 16.7 percent to 20 percent
The strategic merger between Arkan and Emirates Steel Industries highlights the focus of the UAE's new industrial initiative 'Operation $300bn.'The UAE government wants to raise the industrial sector’s contribution to the GDP from US$36.20bn to US$81.66bn by 2031
The strategy is aligned with national goals and international commitments relating to advancing sustainable economic growth, deploying clean energy solutions
Lebanon's central bank governor has vowed not to reverse his decision to stop subsidising fuel imports, unless parliament votes to...The country's Foreign exchange reserves have dwindled in recent months to now stand at $14 billion
Earlier this week, the central bank had said it would no longer subsidise fuel imports
- The projects in the Tabuk region will include initiatives related to housing, transportation, environment, and agriculture.
The Tabuk region is currently the epicenter of quite some activity, like the building of a substation for the Green Duba power plant
Tabuk City also happens to be a hub for tourists who wish to explore the northern parts of Saudi Arabia
The loan is expected to be used to provide for stimulus packages to for workers and create new jobs.The loan will support the creation of some 14,500 jobs in the forestry and tourism sectors
It will also promote the employment of fresh graduates in the ICT sector, and strengthen the staffing of healthcare institutions
- As the fuel crisis worsens in Lebanon, the country's leadership appears to be at odds over how to end the...
Dwindling fuel supply has plunged Lebanon into extended blackouts and long queues for petrol and bread
This week the central bank announced an effective end to fuel subsidies that have drained the reserves at a time when Lebanon is in a state of financial collapse
- Iran is currently suffering a drought that has led to water protests in several regions, most so in the Khuzestan...
Iran’s wheat production exceeded 14 million tons in the previous Iranian calendar year 1399
However, this year Iran may need to import as much as 8 million tons of wheat
The country has said it will take legal action against the construction of manmade or artificial lakes in farms for...The Ministry of Environment, Water, and Agriculture said any such construction would be deemed ‘a violation of the water bylaws and the relevant executive regulations’
The laws and regulations it pointed to are aimed at preserving water resources, ensuring their sustainability, rationalizing water consumption, and preventing its misuse
AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged...The highest number (21) of sales worth AED 59.14 million were recorded in Nad Al Shiba Third.
AED 2 billion wroth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.
Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat...Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat listing into the sea
Authorities were trying to contain the oil leak but had not yet been able to erect an oil fence around the boat
