The annual report is published by the United Nation’s Sustainable Development Solutions Network.

The amount generated is expected to help families and businesses struggling with high bills.

The pavilion of Saudi Arabia in Expo 2020 Dubai has been awarded Best Pavilion by EXHIBITOR magazine.

Arab countries that offer electronic passports include Saudi Arabia, UAE, Qatar, Oman, Lebanon, Algeria, Kuwait, Morocco, Comoros, Djibouti, Mauritania, Somalia and Sudan. Countries in the region that don't have a microchip in their passports include Bahrain, Egypt, Iraq, Jordan, Libya, the Palestinian territories, Syria, Tunisia and Yemen.

Turkish President Recep Tayyip Erdogan on Friday opened the world's longest suspension bridge over the Dardanelles strait in northwestern Turkey -- which cuts travel time between Asia and Europe to six minutes. The 2.5-billion-euro ($2.8-billion) "1915 Canakkale Bridge" built by a consortium of Turkish and South Korean companies has a...

The IEA urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine. The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help "relieve the strain" on markets.

"We provide the best facilities and customs services to Indian businesses which can also benefit from the advanced infrastructure and logistics," Dubai customs official Musabih said.

The grants were approved at the 179th session of OFID’s Governing Board in Vienna.

The privatization move will also help the regional governments in maintaining better economic growth, increasing private participation and attracting foreign investments.

Those countries "that have a common border with either Russia or Ukraine" would be particularly affected, while bearing the brunt of refugee flows from Ukraine, said the OECD report.

The firm's capacity is enough to meet the domestic market's demand.

The retail electronics sector has proliferated in GCC countries, with demand rising not only due to the urge to own the latest technologies but also because more and more people are working and learning from home, he adds. Dubai Chamber, meanwhile, has claimed ecommerce businesses might generate up to $8...

The bank said the policy rate adjustments are consistent with its objectives of maintaining monetary stability.

Under the Virtual Asset Regulatory Authority (VARA) initial regulatory phase, Binance will be permitted to extend limited exchange products and services to pre-qualified investors.

The new rates are said to be effective from Thursday, March 17.

Markets are expecting a total of seven rate hikes this year, and while the US Federal Reserve’s Open Market Committee typically moves in quarter-point steps, Fed Chair Jerome Powell has said it could be more aggressive if needed.

OPEC Monthly Oil Market Report has predicted the UAE's economic growth to quicken in 2022.

The International Energy Agency cut its world oil demand forecast for 2022 on Wednesday, warning that sanctions against Russia over its invasion of Ukraine could spark a global supply "shock". "Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads," the...

It is a first-of-its-kind center in King Abdullah Financial District.

Dozens of Western countries have banned Russian planes from their airspace while some carriers operating flights to Russia have had their insurance policies cancelled.

Saudi Arabia has reported a robust growth in its economy, posting a 3.2 percent increase in the gross domestic product, a year after its economy struggled with recession.

Israel has announced that all UAE citizens can now travel visa-free to Israel. The move is part of a wider strategy developed by the Israeli Ministry of Tourism to tap the UAE as a new market.

The Federal Reserve will have to walk a tightrope to ensure its efforts don't derail the recovery from the Covid-19 pandemic.

Secretary-General of the Ministry of Investment, Zaher Qatarneh held a virtual meeting with a group of Jordanian businessmen in China.

Polish Prime Minister Mateusz Morawiecki again called on the EU to "very quickly give Ukraine candidate status".

Oil prices plunged on Tuesday as China, a major energy consumer, placed nearly 30 million people under COVID lockdown, and Hong Kong and Chinese mainland stock markets dove, while Wall Street stocks rallied. Brent oil futures finished under $100 a barrel for the first time in nearly three weeks, reflecting...

UAE’s estimated insurance expenditure reached more than AED8 billion ($2.17 billion) in 2021 an increase of AED499.4 million in comparison to 2020, according to General Pension and Social Security Authority (GPSSA). The total insurance expenditures disbursed to pensioners, beneficiaries (dependents of pensioners) and insured (contributors) affiliated with GPSSA in 2021...

Egypt and American Defense company, Lockheed Martin, have discussed ways to enhance cooperation.

It will set up facilities along the Arabian Gulf and the Red Sea.

Saudi inflation shot up to 1.6 percent in February, fueled by higher gasoline and food prices, the General Authority for Statistics, also known as GASTAT, said in a press statement.

Saudi National Development Fund will inject SR570 billion ($152 billion) in the Kingdom’s economy by 2030, Saudi Arabia’s Crown Prince Mohammed bin Salman said.

UAE Banks Federations (UBF) has called upon the entrepreneurs of existing and under-formation Small & Medium Enterprises (SMEs) to unlock their full potential by benefiting from UBF's Nationwide SME Campaign. The campaign is all accessible through one platform: www.uaebf.ae/SME. UBF Director-General, Jamal Saleh, explained that such initiatives will help UAE...

On the “Aid for Ukraine” website, users can currently offer donations in 10 cryptocurrencies, including Bitcoin, ether, tether and dogecoin.

Over the past four years, GCC members have seen billions of dollars being remitted to other countries.

The Moroccan government faced weeks of pressure over rising prices, in a country heavily dependent on imports of energy and cereals.

Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances to Electricité du Liban. Can solar power offer relief to general public?

China cannot relax its zero-Covid policy just yet despite the low fatality rate of Omicron, say medical experts.

Saudi Arabia and UAE, two biggest economies in the Gulf Cooperation Council region, rely heavily on retail industry.

Jordan’s trade balance deficit with the European Union countries expanded by 12.9% in 2021 compared to 2020.

Dubai Electricity and Water Authority (DEWA) has completed the construction of the first stage of the Aquifer Storage and Recovery (ASR) project for desalinated water and has started the operations and testing stage. The full scale of the ASR project can store up to 6,000 million imperial gallons of water...

Jordan has seen several factors affect its economy, such as the conditions brought on by the Covid-19 and the Syrian refuge crises.

The meeting was attended by the Minister of Communications and Information Technology Abdullah Al-Sawaha, as well as the heads of universities in the region.

"When are we going to talk about it?" read a sign at demonstration in France where thousands came out to urge politician to work on climate crisis issues.

Tunisia, Morocco, and Libya, along with several other Arab countries, import much of their wheat from Ukraine and Russia.

The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers to get to their destinations.

Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output.

The US Federal Reserve chair has said every $10 hike in oil prices would impact growth by 0.1 percentage points and add 0.2 percentage points to inflation.

“Europe and also Africa will be very deeply destabilised as regards food because of what can’t be planted right now in Ukraine,“ Macron told reporters.

Libya has had rival administrations since the eastern-based assembly swore in a prime minister earlier this month in a challenge to interim premier Abdulhamid Dbeibah.

The UAE-Bangladesh Business Forum discussed ways to enhance cooperation between the two countries in the field of trade and investment, and ways to promote the role of the private sector in both countries. During the forum, an MoU was signed to establish a joint UAE-Bangladesh Business Council between the Federation...