The 137,000-barrels-per-day hike will apply from December and remain at that level for the following three months, signifying a "pause"...
Iran declared one of the country's largest private banks bankrupt with its assets absorbed by the state, official media reported...
Riyadh, Saudi Arabia - Saudi Arabia on Tuesday granted approval for the law for the protection of whistleblowers, witnesses, experts,...The milestone law, previously greenlit by the Shoura Council, is designed to safeguard individuals who may face threats for providing information on crimes
The law empowers judicial authorities to shield them from potential threats, assaults, revenge, intimidation, and other risks
"We've collaborated closely with the World Governments Summit for over a decade. It presents a vital opportunity to foster innovative...UAE hailed as a pivotal economic and innovation hub in the Middle East by OECD Secretary-General Mathias Cormann.
Global economy's resilience amid COVID-19 highlighted, with growth projections of 2.9% and 3% for the upcoming years.
Dubai, UAE--South Korea has pressed for boosting cooperation with the UAE in the field of advanced technology and artificial intelligence...He affirmed his country's eagerness to explore and exchange digital best practices with the UAE
Jean said the UAE has attracted Korean experts specialised in AI to enhance knowledge exchange
- World Bank President Ajay Banga said that "what's going on Gaza, but also the challenges of Ukraine... and the Red...
The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, the IMF chief said.
She said that if there are other "consequences in terms of where the fighting goes, it could be more problematic for the world as a whole".
- RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...
Aramco announced on January 30 that the energy ministry had ordered it to maintain production capacity at 12 million barrels per day.
Officials in the world's biggest crude exporter did not explain the move, leaving analysts to speculate that it reflected lack of confidence
ABU DHABI, UAE – The Emirates General Pension and Social Security Authority (GPSSA) has issued a circular to government and...The circular included limiting the procedure of deduction from the pension or end-of-service gratuity for the benefit of GPSSA's debt.
In cases of unlawful disbursement, GPSSA has the right to deduct from other beneficiaries' shares, proportional to their entitlements.
- He highlights the UAE's strategic priorities, including the future of fiscal policy, the application of sustainable fiscal policies to foster...
The Eighth Arab Fiscal Forum, held in Dubai, focuses on sustainable development and economic resilience.
Key discussions includes balancing public revenues, managing debt, and combatting climate change.
Manama, Bahrain--Bahrain will hold the seventh edition of the "Bahrain Smart Cities Summit 2024" from March 5 to 6 under...The two-day long summit will highlight the best global practices in AI, smart housing, sustainable architecture, and food security
It will feature an exhibition showing the latest solutions for smart buildings, sustainable energy systems, and artificial intelligence
From Saudi Arabia to the UAE and Qatar to Kuwait, governments across the region compete to jumpstart industrial sector but...The industrial sector will contribute up to $1trillion annually to the GDP of the region
Many experts estimate the sector can generate up to 15 million jobs in the next decade
- Form Saudi Arabia to the UAE, Qatar to Kuwait, governments of the region compete to jumpstart an industrial sector. But...
The industrial sector will contribute up to $1trillion annually to the GDP of the region
Many experts estimate the sector can generate up to 15 million jobs in the next decade
