The Chairman of the Ajman Chamber of Commerce and Industry (ACCI) recently received an economic delegation from the Russian Federation to discuss prospects for developing relations between business owners from the two countries.

Dubai Electricity and Water Authority is committed to promoting Emiratization in its various divisions by adopting an integrated strategy to support and prepare UAE nationals to fill all engineering, technical and administrative jobs at DEWA.

The European Union opened an office in Qatar on Wednesday in a sign of the Gulf state's growing influence in solving the international energy crisis. EU council president Charles Michel was to meet the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, and other top officials in Doha later in the...

In a thinly veiled criticism of the OPEC's decision to cut supply, the US said that oil production must be kept up to bolster global economic growth. White House Press Secretary said that President Joe Biden ‘has been clear that energy supply should meet demand to support economic growth and...

The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West had imposed on Russia over the Ukraine invasion weren't working. "Several months have passed and people are paying two, three, even four times more for their bills," he told Rtl...

United Nations member states ended two weeks of negotiations without a treaty to protect biodiversity in the high seas, an agreement that would have addressed growing environmental and economic challenges. After 15 years negotiators on Friday have yet to reach a legally binding text to address the multitude of issues...

The country's struggling economy needs to urgently secure more foreign currency in its $400 billion economy to plug gaping deficits.

President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in rubles. Avoiding paying for the gas in dollars helps Turkey protect its dwindling hard currency reserves.

Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African country. The company will look to take advantage of economic growth in the region within sectors seen as 'promising.'

An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25- 30.

Prime Minister of Egypt Mostafa Kamal Madbouly witnessed a signing ceremony Monday in Cairo that welcomed Bahrain as the fourth country to join the Industrial Partnership for Sustainable Economic Development, which includes the UAE, Jordan and Egypt.

Emerge and Miral signed an agreement to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park on Yas Island. Emerge is a joint venture between UAE’s Masdar and France’s EDF, while Miral is Abu Dhabi’s leading creator of immersive destinations and experiences The project will have a...

Sri Lanka is facing its worst economic downturn since it gained independence from Britain in 1948.

A total of 1,200 economic activities have been granted one-year exemption from a lease contract for work premises as a prerequisite to issuing an economic license by the Abu Dhabi Department of Economic Development (ADDED). The economic activities included in this initiative represent 29.5 percent of total economic activities licensed...

Iran and Turkey share a land border, while Russia shares a maritime border with Iran and Turkey across the Black Sea and Caspian Sea respectively.

Are China and Russia taking over the US power in the Gulf Cooperation Council region? Khaled Janahi, chairman of Vision 3, tends to disagree. “I would question the question because there are a lot of people thinking that already China and Russia are taking over. There is difference between relationship...

Wall Street stocks were mixed early Wednesday, treading water after the prior session's pullback that came amid worries over soaring inflation and an economic slowdown. After last week's rally, stocks were back on the defensive Tuesday, falling hard after downcast consumer confidence reading. But early in the session Wednesday "there...

Talks to revive the nuclear deal began in Vienna in April last year but hit a snag in March this year amid differences between Tehran and Washington.

The Expo Center Sharjah participated in the “Global CEO Summit 2022” to improve international cooperation, and forecast the future of the exhibition and conference sector. The summit is organized by the Global Association of the Exhibition Industry (UFI) in Hamburg, Germany from June 22 to 24. The Center stressed that...

Shares rose more than three percent in Hong Kong on Monday morning, in line with a rally across Asian markets, with weak economic data easing concerns over central bank interest rate hikes. The gains came on the back of a rally in tech giants including Alibaba and JD.com.

Emirates Development Bank (EDB) will participate in the first "Make it in the Emirates Forum" to be held on 21-22 June at ADNOC Business Centre, Abu Dhabi. It will use the Forum to underline how its range of flexible financing solutions can help large corporates and SMEs to expand, diversify...

The UAE president emphasised that the UAE, as an active partner of the global community, is determined to hold a COP28 in 2023.

Demand is set to grow to 101.6 million barrels per day in 2023, according to the IEA, which advises developed countries on energy policy.

Aiming to strengthen the financial sector and achieve economic unity by 2025, the regional governments are working on an agreement to link the payment systems.

The current rebound is due mainly to strong growth in oil exporters boosted by rising oil revenues and a general waning of the pandemic’s adverse impacts in highly vaccinated countries. The growth, however, will slow abruptly in 2023 and 2024 across the region, the report adds.

Saudi Arabia and Seychelles will form a partnership to boost cooperation and exchange expertize in tourism sector which includes planning, investment, and developing tourism sites and projects. Saudi’s tourism ministry signed an MoU with the Ministry of Foreign Affairs and Tourism of Seychelles regarding the same. The MoU aims at...

The two Gulf countries score high consistently on all seven parameters used to measure the status of an economy.

A Saudi delegation said Wednesday that the transformation march launched by it a few years ago contributed to enhancing the economic, social and development dimensions of the Kingdom and has created qualitative investment opportunities. The delegation participated in a panel discussion, "Kingdom of Saudi Arabia: A Future Vision", on  Wednesday...

Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation with Spain. The two Spanish organizations are Spanish Chamber of Commerce and Madrid Chamber of Commerce, Industry and Services, according to Qatari media reports. Chairman of Qatar Chamber Sheikh Khalifa...

Fearing visa hassles could cost him his job in Dubai while an economic collapse had dashed any homecoming options, Lebanese executive Jad splurged around $135,000 on a new citizenship for himself and his wife.

When Firas Hamdan was injured at a protest near Lebanon's parliament two years ago, the then activist never imagined he would one day return as a lawmaker. Hamdan, one of 13 independent politicians who emerged from a mass anti-government protest movement in 2019, made it to parliament on a reformist...

The meetings this year are being held to deliberate major economic and geopolitical developments characterized by the noticeable decline in the COVID-19 pandemic.

The impact of Beijing's zero-Covid strategy on the world's second-largest economy was revealed Monday when official data showed that retail sales and industrial production in April on-year had slumped to their lowest levels in more than two years.

The company will sell its business in the increasingly isolated country.

Official results later Monday will show whether Hezbollah, a political and military movement seen as a state within a state, and its allies can keep an actionable majority in Lebanon's 128-seat parliament. Election turnout was just 41 percent -- eight points lower than in 2018.

World stock markets mostly sank Monday on stubborn fears over the impact of rising US interest rates, surging inflation and China's Covid lockdowns. Stock markets had dived last week after the Federal Reserve ramped up interest rates by a half-percentage point and flagged more hikes to tackle decades-high inflation.

Lebanese expatriates in 48 countries including France and the United Arab Emirates voted Sunday ahead of the May 15 parliamentary elections, state media reported.

The United Nations has stressed on a more strategic approach to address the economic and fiscal crisis faced by the Palestinian Authority and Government. A report issued by the office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO) for the upcoming meeting of the Ad...

North Korea fired a submarine-launched ballistic missile Saturday, Seoul said, its second missile launch in three days, after the United States warned Pyongyang could be preparing for a nuclear test.

More than 1,000 Iraqis were rushed to hospital with respiratory ailments on Thursday due to a sandstorm, the seventh to hit the country in the past month, state media said.

Turkey's official inflation rate spiraled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil.

Iraq on Sunday was yet again covered in a thick sheet of orange as it suffered the latest in a series of dust storms that have become increasingly common.

The two sides reviewed their relations during the visit of the UAE Minister of State Sheikh Shakhboot bin Nahyan bin Mubarak Al Nahyan to Kigali.

The report said that the climate state is rapidly aggravating poverty and instability, and is likely to amplify the economic burden on governments struggling to manage COVID-19

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...

According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming period

Cash-strapped Sri Lanka imposed fuel rationing on Friday in another worsening of the economic crisis that has sparked widespread demonstrations calling for President Gotabaya Rajapaksa's resignation.

Jordan and Turkey will jointly mine copper in Abu Khashaba Canyon and Ghor Fifa in Southern Jordan. Jordan’s Ministry of Energy and Mineral Resources and Turkey's "Solvest Trade and Industry Limited Company" on Wednesday signed a memorandum of understanding (MoU) regarding the same. The deal was signed by Energy Minister...

Sri Lanka's snowballing economic crisis began to be felt after the coronavirus pandemic torpedoed vital revenue from tourism and remittances.

Abu Dhabi issued 25,427 new economic licenses in 2021, an increase of 21.5 percent compared to the 2020 figure of 20,925, according to the 2021 Business Activity Report published by the Abu Dhabi Business Center at the Abu Dhabi Department of Economic Development (ADDED) . The report said that renewed...