One out of three Lebanese poverty-stricken: World Bank
Beirut, Lebanon -- A third of Lebanese people are impoverished with poverty rates tripling in a decade, the World Bank said Thursday, as the country grapples with years of economic meltdown and war in the south.One in every three Lebanese "was poverty-stricken in 2022," the World Bank said in a report...
Russia accused of causing ‘global food crisis’ at UN
'Russia's aggression against Ukraine is increasing the risk of famine around the world,' France's representative to the UN said.More than 30 NGOs slam Tunisia economic crimes amnesty
"The criminal reconciliation decree feeds impunity and hides the truth," 34 organizations said in a joint statement.‘Saudi Arabia spending on technology is globally the highest’
Digital Government Authority has launched the Digital Government Investment and Procurement Program (SADAF) initiative to accelerate digital procurement in government agencies.Palestine wants Russia-Ukraine war to stop: Minister
Hard-pressed to prop up the economy and stem steep price hikes if the Ukraine war continues, Khaled Osaily, Economy Minister of the Palestinian Authority, is praying for peace.Nahdi shares fall 1.26 percent
The firm made a strong debut on the Saudi stock exchange on Mar 22.Saudi private equity, capital growth doubled in five years : Al Quwaiz
Private equity and capital growth in Saudi Arabia has reached SR12 billion ($3.2 billion), Mohammad Al-Quwaiz, chairman of the board of the Capital Market Authority said. He noted that the growth has doubled in the last five years. Al-Quwaiz was speaking at the Global Entrepreneurship Congress 2022 in Riyadh. He...Government institutions need to provide youth skills: UAE minister
Shamma bint Suhail Al Mazrouei, Minister of State for Youth Affairs and Vice President of the Arab Youth Center (AYC), has said that government institutions have a duty to provide youth with skills and opportunities. This would enable them to become drivers of sustainable human, economic and governmental development. She...Bolsonaro removes Petrobras president after surge in fuel price
Brazilian President Jair Bolsonaro decided on Monday to replace the president of state-owned oil giant Petrobras, Joaquim Silva e Luna, amid strong pressure due to recurrent increases in fuel prices.Saudi minister says oil volatility would be worse without OPEC+
Volatility on oil markets sparked by Russia's invasion of Ukraine would be worse without OPEC+, the Saudi energy minister said on Tuesday, insisting the alliance that includes Russia deserves credit.UAE calls for investment in oil, gas to protect global economy
The UAE has called for a stronger investment in oil and gas resources in order to protect the global economy from the effects of geopolitical issues and to manage the energy transition of the future.Riyadh entrepreneurship meet sees big-buck deals
The Global Entrepreneurship Congress is expected to see 40 agreements being signed between government agencies and major corporations.Education in Lebanon is in crisis because country is in crisis: UN
Lebanon is grappling with an education "emergency," a United Nations official said, as years of economic collapse weigh heavily on students and teachers.KSA launches global campaign for its bid to host Expo 2030 Riyadh
Five countries, including Saudi Arabia, South Korea, Italy, Ukraine and Russia are in the reckoning for the 2030 World Expo.UAE fast-tracking low-carbon economic growth: Dr Al Jaber
Speaking at the MENA Climate Week Dr. Al Jaber explained that the UAE is adopting a comprehensive, balanced and proactive approach to climate action.€120m frozen in money-laundering probe in Lebanon
Prosecutors are probing links Lebanon's central bank chief's link to criminal associations and money laundering.Syria approves law tightening freedom of speech
The latest move follows months of growing discontent in Syria over a spiraling economic crisis.Gulf region will boost global clean energy security: Al Kaabi
Mubadala’s UAE Investment chief Musabbeh Al Kaabi said on Monday that the Gulf region will play an increasingly important role in protecting global energy supply chains in the coming decades as the world transitions to alternative forms of energy. He said this during his participation in the Global Energy Forum,...Smartphones, net speed fuel Saudi ecommerce boom
Pablo Martinez, Managing Director and Senior Partner at the Boston Consulting Group, sheds light on what lies ahead for the sector in the kingdom.Oman, Sri Lanka to cooperate in economy, trade and investment
Oman and Sri Lanka have discussed economic and trade cooperation. In this connection, Saleh Said Masan, Undersecretary for Commerce and Industry of Oman met Bandula Gunawardena, Minister of Trade of Sri Lanka, in Muscat on Sunday. The two sides explored aspects of the joint cooperation, economic diversification sectors and the...Sharjah Chamber, Guatemala ink MoU to fortify economic cooperation
The MoU aims to strengthen trade relations and develop mutual cooperation, encourage and facilitate economic cooperation between business communities in both countries.Qatar, France look to enhance cooperation in labor
The deal was signed on Sunday, March 27, in cooperation with the International Labor Organization.Jordan announces Ramadan working hours for public sector
In a circular, Prime Minister Bisher Khasawneh called for observing the sanctity of the holy month.Where does fisheries stand in UAE economy?
The fisheries sector in the UAE has changed quite a bit over the past two decades, with a pointed move towards sustainability.Two migrants drown off Morocco coast, more than 200 arrested
In total, 236 migrants were arrested by Moroccan authorities during operations in Tarfaya, located 100 kilometers from the Canary Islands.How can UAE firms adapt to corporate tax?
Now entities that typically have strong brand equity, control over distribution, and very few competitors, have a competitive edge that makes it difficult for rivals to emulate their products and services. What of the rest? Lovrenc Kessler, Managing Partner of Simon-Kucher & Partners Middle East, explains.UAE to invest $2bn in Egypt in order to bolster its economy
The UAE is going to invest some $2 billion in Egypt by buying up the state-owned companies in order to shore up the country's teetering economy as hardships from the Ukraine war spike.Qatar signs Global Methane Pledge, to lower emissions by 30 percent
Rapidly reducing methane emissions is the most effective strategy to limit global warming in the near term and keep 1.5 degrees Celsius within reach.Jordan, USAID launch project to support energy sector
The Ministry of Energy and Mineral Resources and the United States Agency for International Development (USAID) in Jordan have launched a project to support the kingdom's energy sector. Jordanian media reports said the USAID-funded project valued at $40 million will be implemented over a five-year period, citing a statement from...Meat off the menu in crisis-hit Lebanon as poverty bites
The Lebanese pound has lost more than 90 percent of its value on the black market, more than 80 percent of the population lives in poverty.US top diplomat in Israel for landmark Arab talks
According to US officials, discussion over the nuclear deal with Iran and global wheat shortage caused by the Ukraine war are among the main agenda of this trip of the US Secretary of State.New world order? Pandemic and war rattle globalization
According to a professor at Ghent Institute, the pandemic did not bring radical changes in terms of reshoring but the conflict between Russia and Ukraine will have an impact on investors.Palestine elects West Bank councils in rare exercise of democracy
Central Elections Commission chief Hanna Nasser said a number of candidates had been arrested for political reasons.Saudi Arabia eases rules for US, UK, and Schengen visa holders
The move comes two weeks after the country lifted all Covid-19-related entry restrictions.Riyadh, Dubai lead IPO surge in GCC
For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as regional investors seek liquidity from increased oil prices.S&P gives Saudi economy positive rating after recovery
S&P has revised its outlook for Saudi Arabia from a stable to positive in the light of the recovery of the kingdom's economy from the pandemic, driven by higher oil prices.Iraq once more into presidential vote unknown
Saturday's session risks underscoring the sharp divide in Iraqi politics between Sadr and the powerful Coordination Framework that includes the pro-Iran Fatah Alliance.Ship rescues 128 migrants, finds two dead In Mediterranean
Migrants from African countries ravaged by war and poverty, make desperate bids to reach Europe through Mediterranean sea which is the world's deadliest migration route.Aramco lifts TASI as UAE stocks see weekly gain
The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent.UAE expats seek extra citizenship cushion
More than ever before, wealthy expatriates in the UAE as well as the world are pursuing citizenship options elsewhere.Saudi Arabia wants Trojena on global tourism map
Trojena is the new mountain tourism destination whose establishment was recently announced by Saudi Crown Prince Mohammed bin Salman.Palestinian trade deficit rose by 1 percent in Jan 2022
Exports decreased in January 2022 by 16 percent compared to December 2021.UAE-India CEPA to become operational in one month: Emirati officials
The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services.Canada torn between economy, climate in deciding oil project
Environment Minister Steven Guilbeault will soon face his first major test in deciding on a new offshore oil project.Banks break pledges with fossil fuel billions: Report
The analysis by London-based think tank InfluenceMap found the world's 30 biggest listed finance groups provided $740 billion to fossil fuel producers in 2020 and 2021.Why GCC should heed Fed rate changes
Four Gulf Arab central banks followed in the footsteps of the US Federal Reserve and raised interest rates by a quarter percentage point for the first time since 2018.UAE and ASEAN review cooperation, discuss regional and international issues
Anwar Gargash, Diplomatic Adviser to the UAE President, discussed cooperation relations with the ambassadors of the member states of the Association of Southeast Asian Nations (ASEAN) accredited to the UAE. The meeting also reviewed the friendship between the UAE and ASEAN countries and ways to develop them across various fields...Oman’s GDP rises by 16 percent in 2021, crude biggest contributor
Several other activities recorded an increase, namely transport and warehousing by 19.4 percent, wholesale and retail trade by 15.5 percent, real estate, professional, technical and administrative by 9.5 percent.Saudi Arabia’s non-oil exports rise by 27 percent in Jan 2022
Saudi Arabia’s non-oil exports increased by 27.5 percent year-on-year in January 2022, rising to SAR 24.1 billion ($6.42 billion) from SAR 18.9 billion in January 2021, according to the International Trade Report for January 2022 issued by the General Authority for Statistics (GASTAT). The most important non-oil goods were 'Plastics...KSA mining sector grew 27% to $194 million in 2021
Saudi Vice Minister of Industry and Mineral Resources Eng. Khalid Saleh Al-Mudaifer estimated the total value of mineral wealth in Saudi Arabia at around $1.3 trillion.Jordan, India discuss cooperation in fertilizer industry
The Jordanian Minister of Investment, Khairy Amr voiced Jordan's readiness to provide facilities for Indian investment in Jordan and invited Indian experts to his country for the purpose.



















































