RIYADH, SAUDI ARABIA - Saudi Arabia’s real gross domestic product (GDP) fell by 4.4 percent year-on-year (YoY) in the third quarter of 2023, data issued by the General Authority for Statistics (GASTAT) showed.  The real seasonally adjusted GDP eased 3.2 percent quarter-on-quarter (QoQ) in the three-month period.  Non-oil activities increased...

DOHA, QATAR - QatarEnergy has announced the successful integration of all marketing and marketing-related activities formerly managed by QatarEnergy LNG. QatarEnergy described the integration process as a major move towards consolidating the company’s position as a global energy leader and an important milestone to enhance the effectiveness of LNG marketing...

AMMAN, JORDAN - President of the Jordan Chamber of Commerce (JCC) Khalil Al-Haj Tawfiq on Saturday discussed with Director General of the Federation of Yemen Chambers of Commerce and Industry (FYCCI) Taha Ahmed Mahbashi, mechanisms for activating work of the Joint Business Council. The Joint Business Council of the two...

BUDAPEST, HUNGARY – Hungarian Prime Minister Viktor Orban said that companies from his country plan to expand their activities in Russia despite sanctions and political difficulties. Orban made the statement at a meeting with the head of Russia’s Tatarstan region Rustam Minnikhanov in Budapest, TASS news agency reported. "It has...

BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the Islamic State (outlawed in Russia) intensified their activities recently, the Syrian Arab Republic’s foreign ministry said. "US forces are sponsoring terrorists, who are responsible for the August 10 ambush on...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has organized 157 training courses and awareness sessions on occupational health and safety during 2022, with the participation of 2,170 employees from various divisions. DEWA also organized its 20th Internal Health and Safety Week, which featured various activities in all aspects...

As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by 8.6 percent in the third quarter of 2022 compared to the same period in 2021.

Oman Minister of Commerce along with a delegation met Saudi Arabia Minister of Industry where the two discussed industrial cooperation between the two countries.

Now, hotel bookings will rise for Eid Al-Fitr, with Gulf markets predicted to see a considerable spike in travel bookings from April 28 to May 5, 2022, which coincides with the resumption of large exhibitions in several GCC capitals.

The Abu Dhabi Business Centre (ADBC), a part of Department of Economic Development (ADDED), announced that 80 new economic activities were added during 2021, brining the total of economic activities to 4062 by the end of last year. New added activities cover many vital business sectors, including 40 new commercial...

This was revealed during the media briefing on the coronavirus pandemic by Dr. Saif Al Dhaheri and Dr. Farida Al Hosani, official spokespersons for NCEMA and health sector respectively.

A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total number of economic activities to more than 2,200. In 2020, the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, had added 52 new...

Saudi Arabia's GDP has risen by 6.8 percent in the third quarter of 2021 compared to Q3 2020, according to the kingdom's General Authority for Statistics (GASTAT). The authority attributed the growth to an increase in oil activities by 9 percent as a result of the rising global demand for...

New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that opening a commercial branch without prejudice to the professional license or its features could be possible if the commercial activity is consistent with or complementary to the professional activity.