The World Bank has also offered to continue the implementation of ongoing cooperation projects in the country.

"We are putting nearly eight billion euros on the table, including six billion in energy aid", PM Mario Draghi told a news conference.

Floating restaurants and hotels could be a significant supporting player as the GCC region aspires to increase its footprint as a global tourism hub.

Around 60% of $1.61 billion were committed only in the last two years showing remarkable growth in mobilization of finance for Palestine.

Cash assistance will be provided at a rate of USD 100 per family.

The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Hungarian Chamber of Commerce and Industry (HCCI) will establish a UAE-Hungarian Business Council. The two parties signed an MoU at the Hungarian pavilion at Expo 2020 Dubai regarding the same on the sidelines of the third meeting...

The meeting was held on the sidelines of the official visit of Turkish President to the UAE.

The move is said to be conducive to strengthening the regulatory environment of the cooperatives sector and driving their economic returns.

Tests will be only be conducted for individuals experiencing COVID-19 related symptoms if the result of the rapid test is positive.

The government is "serious" in finding solutions to many pending investments, including Amman's Sixth Circle Towers project, the PM said.

The UNCTAD’s Global Trade Update said all major trading economies saw imports and exports rise above pre-pandemic levels in the fourth quarter of 2021.

Governments across the world pay an estimated $640 billion in support to the fossil fuel industry.

Morocco said Wednesday it will launch a nearly $1 billion aid program to help its agriculture industry, which has been hit hard by a particularly acute drought in recent years. The emergency plan "aims to mitigate the effects of delay in rainfall, to alleviate the impact on agricultural activity and...

The region mainly produces cheese but because of harsh and long winter such activity is rare so tourists on board horse-drawn sleighs are a small supplement to the income of locals.

Chairman of the Riyadh Chamber Ajlan Al-Ajlan said the generous patronage from the king Salman bin Abdulaziz has enhanced the role of the forum.

The MoU is the latest in a series of strategic partnership agreements signed by ADX as part of its strategy for growth, announced at the beginning of 2021.

The pact is in line with the UAE’s leadership to enhance international cooperation and exchange of successful experiences.

The Saudi Ports Authority (MAWANI) signed an agreement with shipping giant Bahri to build and operate an integrated logistics park on land leased at the Jeddah Islamic Port with a total area of 95436m2. President of MAWANI Omar Talal Hariri and Eng. Abdullah Ali Aldubaikhi, CEO of Bahri signed the...

Nearly two years of disruption to the fabric of society due to global pandemic has resulted in a collective shift in people’s relationships with work, consumerism, technology, and the planet, pushing companies to design new ways of doing business, according to the annual Fjord Trends report from Accenture. Newly identified...

According to the 2021 annual report released by the Ministry of Industry and Advanced Technology, the rise in exports coincided with a major surge in factories commencing production in 2021, with 220 new facilities going into service.

The payments will be made "to preserve the dignity of young people", Algerian president Tebboune said.

While not verified, the claims by Russia provided some much-needed relief for investors, who had grown increasingly fearful of a conflict in Eastern Europe.

A number of beneficiaries of the initiative are said to have expressed their happiness as they were able to recover their money without resorting to courts.

The discovery is one of the largest in the area in the past 20 years, and the field could contain around 100 million barrels in reserves.

The final offer price was set at SR128 ($34.1) per share, the top end of an indicative range.

In spite of an increase in transport and food costs, inflation in Saudi hovered at 1.2 percent in January, according to the Kingdom’s General Authority of Statistics, also known as GASTAT.

It pointed to energy prices and good asset performance for the rise.

The government’s action prioritizes the completion of the regional electricity linkages with Egypt, Palestine, Iraq, and Lebanon.

In economically free societies, governments allow labor, capital, and goods to move freely.

Europe's poorest country Ukraine's corruption-plagued economy has suffered from increased tensions over the possibility of an invasion by Russia.

Amir Khan Muttaqi, a key member of the Taliban leadership, met in Doha with ambassadors from the six-nation GCC on the first full day of his latest mission.

Dubai Electricity and Water Authority (DEWA) has said the production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using the Independent Power Producer (IPP) model. A further 600 MW will be added in Q4 of 2022, and an additional 600 MW will be added by Q3 of 2023. This...

One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally.

Bahrain and Egypt share solid long-standing brotherly relations, and there is steady progress in it due to their deep partnership and coordination in all fields, said speaker of Bahrain's Council of Representatives Fawzia bint Abdulla Zainal during his meeting with Speaker of the Egyptian House of Representatives, Chancellor Hanafy Ali...

Norway's Minister has called on other donors as well to increase their funding for UNRWA.

An influential figure in western Libya, Mechri accused Dbeibah's government of "fueling a campaign against the parliament and the HCS".

The Saudi Stock Exchange’s main index TASI started and ended the week with a 0.5 percent rise despite the fluctuation.

The market is expected to grow at an annualized growth rate of 3.2 percent, from $26.5 billion in 2021 to $31.1 billion in 2026. Along with the lifting of Covid-19 restrictions, digitization activities by insurers in the region will boost the expansion plan of the insurance business.

Communities and businesses that rely on the ocean are hurting, as more than 3 billion people depend on marine and coastal biodiversity for their livelihoods.

After two weeks of talks, the IMF said Friday it has advanced efforts to secure an aid program to help Lebanon overcome its "unprecedented and complex" economic crisis, but more work is needed. The country will need fiscal reforms that ensure it can manage its debt load as well as...

Fitch Ratings on Friday downgraded Turkey's debt from BB- to B+ with a negative outlook, citing high inflation and a lack of confidence in policymakers to turn the tide. The downgrade comes after data released earlier in the month showed inflation hitting a two-decade record of nearly 50 percent in...

While initiatives like Made in Saudi Arabia are helping ramp up production, Saudi Exports is looking to rope in government agencies to help diversify the economy.

DWC Airport in Dubai will host the MEBAA Show, a business aviation platform, from 6-8 December 2022. The event will showcase the latest trends, insights, innovation and commercial opportunities shaping the future of business aviation and private flying in the Middle East and globally. Several international companies have already signed...

This includes a 48.28% growth in passenger volume, with the total number reaching 88,000.

The Algerian group announced the deal during a visit to the neighbouring North African country by its chief Toufik Hakkar.

The scheme is the first regional plan that seeks to mobilise up to 300 billion euros ($340 billion) for public and private infrastructure around the world by 2027.

The League called upon the Arab countries to contribute to mobilizing international support for the Kingdom’s request to host the exhibition.

Libya faced the challenge of two prime ministers on Thursday after parliament named a rival to the existing unity government's chief Abdulhamid Dbeibah, hours after his convoy was targeted in a shooting. The appointment of a second prime minister threatens to spark a new power struggle in the country.

The Global Entrepreneurship Monitor (GEM) has ranked the UAE 1st globally in its Global Entrepreneurship Index 2022, which was unveiled this week.The UAE climbed three spots from its 4th global ranking in last year's report to accomplish this feat, outperforming other leading global economies studied by the report. The UAE...

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage that has already sent the prices of gas, coal and crude oil soaring. At a time when global central banks are fretting over inflation rates not seen...