This marks a 19 percent increase year-on-year.

Chairman of the Federation of Saudi Chambers (FSC) Ajlan Al-Ajlan has called for preparing a roadmap to enhance economic relations between Arab countries and the Russian Federation. He suggested stimulating bilateral business councils, increasing benefits from government support, activating cooperation in the small and medium-sized enterprises between the two regions....

The 18th annual Dubai International Humanitarian Aid and Development Conference and Exhibition - DIHAD 2022, will take place from 14th to 16th March, 2022.

The United Arab Emirates' Executive Office for AML/CFT and the Executive Office of the Committee for Goods and Materials Subject to Import and Export Control have launched assessment of proliferation financing risks in the Emirates. The proliferation financing risk assessment will assist the UAE's public and private sectors to implement...

The agreement signed by Energy Minister Walid Fayad with his Jordanian and Syrian counterparts is expected to give Lebanon two extra hours of mains electricity a day, doubling the supply currently provided by the cash-strapped government.

Finance Minister of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum affirmed that his government provided all support needed for the growth of the financial markets operating in the Emirate through developing legislative framework and infrastructure to allow exchanges to consolidate their presence regionally and globally. Sheikh Maktoum added...

Turkey's main airport stirred back to life on Wednesday and Greece's under-fire prime minister issued a formal apology as the east Mediterranean neighbors faced the political fallout of a paralyzing blizzard.

Dubai's largest bank sees its net profits rising to $2.5 billion in 2021 from $1.9 billion in 2020.

The discussion happened at the first session of the Jordanian-Tunisian Joint Trade Committee.

Around 31 million visitors are expected to enter the UAE yearly by 2025 as the country has initiated several measures to revitalize the tourism sector, particularly eco-tourism.

According to a report by General Authority for Statistics (GASTAT), the overall merchandise exports of Saudi Arabia increased by 82.5% in November 2021.

A number of US companies are willing to invest in basic infrastructure and logistics to support Tunisia's efforts in this field, US Ambassador in Tunisia Donald Blome stressed at his meeting on Monday with Transport Minister Rabii Majidi. The two parties underlined the considerable progress of Tunisia's millennium challenge program...

The new law, issued by the ruler of Abu Dhabi, President Sheikh Khalifa bin Zayed Al Nahyan, aims to further enhance the family-owned business legislative ecosystem by adopting a more flexible and sustainable economic model, in line with best international governance practices.

The 500 megawatt utility, which cost RO 155 million, figures among Oman Vision 2040 major projects aimed at protecting natural resources.

Revenues are projected at $62.2 billion, up 72.2 percent from the current fiscal year's estimates.

Lebanese officials began much-delayed talks with the International Monetary Fund Monday on support measures aimed at lifting the country out of its worst-ever economic crisis. "We hope the negotiations will be concluded as soon as possible, but given the complexity of the issues it is possible that other rounds will...

The Gulf region stays strong both regionally and globally in terms of the number of internet users and the populations with maximum number of cell phones.

Saudi Arabia's finance minister, Mohammed bin Abdullah Al-Jadaan, has stressed the need for the promotion of the joint Gulf action, with the need to raise the pace of coordination among all GCC states.

With rise in trade transactions, the Iranian economic activity also grew notably

DEWA achieved a new world record in electricity Customer Minutes Lost (CML) per year, recording 1.66 minutes in Dubai

The current midmarket rate for a US dollar is LBP1,500, while the black-market rate is more than LBP23,000 to the dollar.

This was the first such encounter between the Jewish state's current foreign minister and a Palestinian official. The Israeli foreign ministry declined to comment to AFP but did not deny that the meeting took place.

Prosecutor has placed Abdorahim Kordi in custody, citing a statement from the intelligence branch of Iran's Revolutionary Guards.

Dubai Electricity and Water Authority (DEWA) has inaugurated 16 new substations in 2021 at the cost of about AED2.928 billion ($797 million). These include fourteen 132kV stations with a conversion capacity of 2,100 megavolt amperes and two 400kV stations with 4,000 megavolt amperes in the Mohammed bin Rashid Al Maktoum...

Amman Municipality’s plan to transform Amman into a “smart city” looked at other countries’ experiences in this field.

The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank's policy committee convenes this coming week, the focus will not be on whether they will pull the trigger but rather how many times. With the Omicron variant of Covid-19 adding to economic uncertainty and...

In 2021, Triple-A estimated global crypto ownership rates at an average of 3.9 percent, with over 300 million cryptocurrency-owners and users worldwide. Over 18,000 businesses are already accepting cryptocurrency payments.

The ministry of oil endeavors to support all initiatives and efforts to gradually shift from traditional to clean and renewable energy

The Saudi Central Bank has announced the opening of two branches of two Iraqi banks in Riyadh, and confirmed the signing of an agreement with Iraq to prevent double taxation.

This disbursement is part of a loan agreement signed in 2020 between Tunisia and the German Development Bank to improve access to financing for SMEs.

The debt instruments are issued by the Saudi government and submitted by the Ministry of Finance.

The dialogue discusses the new developments in trade and investment exchange.

Hours before the window for lodging objections closed, EU environment and energy ministers meeting in France on Friday differed sharply on a European Commission provision that would classify nuclear and natural gas energy as ‘sustainable’. Countries in the European Union had until midnight Friday to suggest modifications.

The United Arab Emirates has set itself on a new course to completely overhaul the labor laws in order to bring about a balance between the rights of an employer and workers.

Under the agreement, Lebanon will be provided with about 150 megawatts of electricity from midnight to 6 am, and 250 megawatts during the remaining hours.

The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in the Kingdom of Saudi Arabia for the fourth quarter (Q4) of 2021. According to the GASTAT, the real estate price index (RPI) increased by 0.9 percent in the fourth quarter...

The agreement also provides the exchange of commercial data and statistics

The US Department of Energy put forward the observation in the third edition of the Solar Power in Your Community report, its guidebook to help local governments unlock environmental and economic benefits of increased solar deployment in their communities.

With more than half of gross final energy consumption from renewable sources, Sweden had by far the highest share among the EU Member States in 2020

Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals.

GCC Secretary-General Naif Falah Al-Hajraf with the chairman of the Board of Directors of the FGCCC, Samir Abdullah Nas.

The consultation will last until March 20 with topics including politics, economics, finance, social, health, education, and cultural affairs.

The National Oil Corporation is trying "to maintain a level of production of 1.2 million barrels per day" but hopes for state investment in order to boost output.

President Joe Biden is still bullish on being able to revive the 2015 nuclear deal with Iran.

A wealth tax on the world's richest people could raise at least $2.52 trillion per year.

In Europe and the Americas, foreign visitor arrivals surged by 19 percent and 17 percent, respectively, last year over 2020. In the Middle East, however, arrivals declined by 24 percent in 2021, while in the Asia-Pacific region they were 65 percent below 2020 levels, and 94 percent down on pre-pandemic...

Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus variant, the Organization of Petroleum Exporting Countries said on Tuesday. But the Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global...

BCCI chief reviewed ways to further increase the volume of bilateral trade

Lebanon ministers said they aim to increase the hours of EDL’s power supply in the near future by securing Egyptian gas and Jordanian electricity.

Member countries of the Gulf Cooperation Council are increasingly working towards the empowerment of women.