Stablecoins and DeFi drive crypto market’s renewed growth: report
The "2024 Crypto Spring Report" highlights the resurgence of the cryptocurrency market, fueled by institutional adoption, stablecoins, DeFi, signaling a new era of growth and innovation.
Protests rock Iraq’s southern area as food prices surge
Protests erupted Wednesday in Iraq's impoverished south over a rise in food prices that officials attributed to the conflict in Ukraine. For about a week, the price of cooking oils and flour have skyrocketed in local markets as government officials have sought to address growing anger with various statements and...Tunisia to initiate harsh action against food speculators
Tunisian President Kais Saied declared war Wednesday on food speculators amid a shortage of products such as wheat and semolina -- key staples in a country already mired in a political-economic crisis.Drone threat puts air defense at centerstage of Saudi defense show
Deadly strikes on Saudi Arabia and the United Arab Emirates claimed by Yemeni rebels have been the talk of shows held in the two countries in recent weeks.Kyrgyzstan and Ras Al Khaimah to expand cooperation in investment, trade
Kyrgyzstan and the UAE have discussed enhancing the investment and trade cooperation between the two sides. Mohamed Ali Musabbeh Al Nuaimi, Chairman of the UAE’s Ras Al Khaimah Chamber of Commerce and Industry, and Abdilatif Jumabaev, Ambassador of Kyrgyzstan to the UAE represented their countries in a meeting. The meeting...Over 27,800 new firms join Dubai Chamber of Commerce in 2021
Over 27,800 new member companies joined the Dubai Chamber of Commerce in 2021, a 66.8 percent increase compared to 2020, which brings the organization’s total membership to over 287,000. In 2021, the Dubai Chamber of Commerce saw the return on investment of its digital transformation over the years. The Chamber...Abu Dhabi’s agricultural production in 2020 reaches $3.72 billion
Abu Dhabi's agricultural production in 2020 was valued at AED13.7 billion ($3.72 billion) in 2020, with an increase of 12 percent compared to 2019, growing at a compound annual growth rate of 6.5 percent for 2017-2020. Statistics collected by the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) in collaboration...Empower to pay $136m in dividends
The dividend is 53.4 percent of the net profit earned by the firm last fiscal.KSA, UAE lead GCC’s push for hydrogen economy
Striking partnerships with companies in the West have helped the two Gulf countries emerge as one of the major exporters of hydrogen to the world.Jordan and Morocco keen to boost bilateral cooperation, regional development
Jordan Senate President Faisal Fayez Monday held talks with Moroccan officials in Rabat on bolstering Jordan-Morocco cooperation and the regional developments. Fayez held discussions with his Moroccan counterpart Naam Miyara on bilateral cooperation and relations and means to further them on all levels, not the least of which are political,...Female empowerment key to Gulf economic growth
Several initiatives taken by Gulf states demonstrate women will play a key role in achieving the transformational goals.Dubai real estate market posts sales worth $248m
Dubai’s real estate market recorded 368 sales transactions worth $247.66 million and mortgage deals of $48.27 million.GCC nations see varying CPI in last 5 years
GCC countries have been witnessing a varying degree of change when it comes to Consumer Price Index performance.UAE Chambers, Indian Ocean Rim Association explore enhancing cooperation
Humaid Mohammed bin Salem, Secretary-General of the UAE Chambers said that the UAE's private sector plays a pivotal role in boosting cooperation with countries of the IORA.Nightmare of underage marriage for Moroccan girls
Rights groups say that marriage of girl child is widespread in remote, landlocked and marginalised areas in the country.Jordan commerce chamber says Ukraine crisis will affect market
Nael Kabariti, who is the JCC president, said the Ukraine crisis has led the prices of staples to shoot up.Gunmen cause shutdown at two oil fields in Libya
The National Oil Corporation declared “force majeure” at the Al-Sharara and Al-Fil fields due to the shutdown, according to a statement published on Facebook.Brent crude nears $140 per barrel, headed towards all-time high
Brent North Sea crude oil for May delivery reached $139.13 shortly after electronic trading opened around 2300 GMT on Sunday.Saudi Arabia hikes oil price as Russia-Ukraine war presses on
Saudi Arabia has hiked oil prices for all regions after the crude oil prices soared to more than $115 a barrel over the ongoing crisis arising out of Russia's invasion of Ukraine.Turkey tourism industry bemoans Russia-Ukraine war
Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are empty tables on his terrace at his restaurant by the Blue Mosque.Ukraine crisis threatens Arab wheat supplies
A look at the Arab countries that are dependent on wheat imports from Ukraine and Russia.Discussion held on a study as part of Riyadh Economic Forum’s next edition
A panel discussion was organized by the Riyadh Economic Forum to review the progress of an important study, “New Investments, Digital Transformation and the Knowledge Economy”, as part of the forum’s preparations for its tenth session. Several government officials, academics, businessmen and women and others participated in the discussion. The...Inaugural session of Qatar-Nigeria Economic Forum begins
The Qatar-Nigeria Economic Forum kicked off in Lagos, the economic capital of the Federal Republic of Nigeria.Tunisia starts operation of 10MW solar plant in Tozeur governorate
A 10 megawatt solar photovoltaic plant named Tozeur 2 has started operations in Tozeur, a governorate in southwest Tunisia. The plant, built at a cost of 25 million dinars ($8.4m) will consolidate the production of the first plant Tozeur 1, to reach a total capacity of 20 megawatts. The two...Jordan inventors use TechWorks to realize dreams
TechWorks is a Jordanian platform aimed at bringing together youth, ideas and resources to jump-start innovations.US is finally cleaning up its abandoned, leaking oil wells
In the United State, it took more than a century to pass regulations governing record-keeping for wells and their sealing, or plugging, in many states.UAE, IRENA to give clean cooking energy to communities
The initiative, called Beyond Food, was launched in collaboration with the Nama Women Advancement Establishment.Saudi Arabia lifts most Covid-19 restrictions
The decision includes suspending ‘social distancing measures in all open and closed places’ including mosques.New UAE law boosts family business growth
Haoula considers it extremely important to sustain family businesses as a recognition for their efforts historically, and for the advantages they could bring to the future of the UAE. “The new legislation makes everybody [feel] welcomed, and that for sure will make it a very approachable place for employment and...Moody’s says Ukraine war endangers global economic recovery
The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the length and severity of the crisis, Moody's Investors Service said in a report.Food Price Index hit record high in February: UN agency
The Food Price Index, which tracks the international prices of a items such as vegetable oils and dairy products went up nearly four percent up from January.Ukraine conflict fuels supply chain concerns
Since Russia invaded, almost 80,000 Ukrainians have returned to fight Russia, leaving industries short of labor.UAE adopts Ramadan working hours for federal authorities
The UAE Government on Friday announced the official working hours during the holy month of Ramadan for ministries and federal authorities. According to the decision, the official working hours for federal authorities during the month will be from 9:00 to 14:30 on Mondays-Thursdays, and from 9:00 to 12:00 noon on...Added to FATF grey list, UAE renews vow to nix financial crimes
The UAE is the latest country to be added to the list, and will have to work closely with the FATF to get off it.Iraq’s February oil exports highest in last two years
The rate of Iraq's exports during February amounted to 3.314 million barrels per day.China sets lowest growth target in more than three decades
Beijing will target gross domestic product growth of around 5.5% this year, according to a prepared speech by Premier Li Keqiang.Bahrain signs pact with Cisco
The company will build the government’s data network.Living rough in Morocco, migrants dreams of Spanish enclave
Melilla and Ceuta, Spain's tiny enclaves, have the EU's only land borders with Africa that attracts desperate migrants to escape poverty, violence and hunger both at home.UN food agency warns of global hunger due to Ukraine war
The United Nations’ World Food Programme warned Friday about a looming food crisis in Ukraine in conflict areas, while disruptions in production and exports could lead to food insecurity globally. “In a year when the world is already facing an unprecedented level of hunger, it’s just tragic to see hunger...How did Saudi Arabia ensure food security?
The country has been able to overcome the hurdles that stood in the way of achieving food security by implementing comprehensive strategies and plans.Gas prices soar to record highs as Ukraine crisis stokes supply fears
Europe and UK gas prices hit record highs Friday and crude oil rallied, as Ukraine's invasion by key producer Russia continued to stoke supply fears. Europe reference Dutch TTF gas price struck 213.895 euros per megawatt hour in afternoon deals and UK gas hit 508.80 pence per therm. "There is...Saudi exports to touch $354bn by 2030: Standard Chartered
Saudi exports to the world are estimated to grow 7.6 percent to $354 billion by 2030, according to Standard Chartered.Money-laundering, terror financing penalties fetch UAE $1bn
UAE authorities have collected AED3.848 billion ($1 billion) in penalties from anti-money laundering and terrorism financing offenders in 2021. The amount comprised asset seizures worth $625m, fines for non-compliance to anti-money laundering and terrorism financing regulations worth $64m, penalties on major financial institutions in the UAE worth $5.3m, tax evasion...SFD postpones Pakistan debts for development projects
The projects that the SFD contributes to financing through loans and grants in Pakistan amount to around SAR5 billion ($1.33 billion).Jordanian-German corporate partnership program launched
Jordan Ministry's Secretary-General Dana Zoubi stressed the deep-rooted relations between Jordan and Germany.Saudi Crown Prince opens up on every little thing
Saudi Arabia’s Crown Prince Mohammed bin Salman has created quite a few ripples with his views on all things important during his first interview to a non-Saudi publication in two years.Jordan, World Bank discuss skills development opportunities
Jordan is counting on the World Bank's support to strengthen Jordan's social protection network, increase job opportunities.China-backed bank halts lending to Russia, Belarus
In a statement issued Thursday, the AIIB said that "in the best interests of the bank, management has decided that all activities relating to Russia and Belarus are on hold.Erdogan replaces agriculture minister of Turkey
Turkish President Recep Tayyip Erdogan appointed Vahit Kirisci as minister of agriculture and forestry after the resignation of Bekir Pakdemirli.Bahrain scores high in gender equality, women’s economic participation
The World Bank has reported that Bahrain’s score improved to 73 percent in women’s economic participation and gender equality from 2018 to 2022. The report was compiled by World Bank Group’s Women, Business and the Law 2022. This report examines laws and regulations that restrict women’s economic inclusion in 190...Lufthansa posts net loss of $2.2bn
The German carrier said it cut its losses by two-thirds in 2021.


















































