The unemployment rate also dropped slightly from 4.8% to 4.6%, the lowest since the pandemic.

The primary aim of the plan is apparently to create quality jobs and enhance Bahrain’s economic competitiveness.

Compared to the growth of only 0.7 percent in the second quarter of this year, Saudi Arabia's economy is likely to have grown by about 5.7 percent in the third quarter. The spurt in growth is thanks to a robust hydrocarbon sector output, London-based Capital Economics said in a report...

Around 60,000 Saudi nationals were added to the kingdom's private-sector labor force under the Saudization program during the third quarter of 2021, the National Labor Observatory (NLO) has said. The percentage of Saudis in the private sector increased to 23.59 percent, up by 0.96 percent compared to the previous quarter....

Industrial output fell in September in both France and Germany as delays in receiving materials hampered production, data released Friday showed.

Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies on bread and fuel.

Demonstrations are expected across Glasgow against the disconnect between the pace of emissions reductions and the climate emergency.

Green hydrogen is envisaged to play a significant role in UAE’s domestic strategy to meet the UAE 2050 Net-Zero goals.

Blockchain may be able to solve quite a few of the problems in the planning and implementation of a smart city.

Among the 3,932 real estate transactions involving land and buildings generated AED 4.6 billion, while 2,224 mortgage transactions generated AED 11.6 billion.

This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The producers led by Saudi Arabia and Russia in the so-called OPEC+ will add 400,000 barrels per day in December, they said.

The UAE hosted its second "Sci-Tech Virtual Tour" for a high-level Spanish delegation to highlight the country’s economic and scientific achievements.

Israeli MPs approved a 609-billion-shekel ($194-billion) spending plan for 2021 and are to resume debate later on 573 billion shekels for next year. It is being seen as a victory for the coalition that unseated Benjamin Netanyahu in June but has only 61 out of 120 seats in parliament.

The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid.

The SGTC will be headquartered in Riyadh, Saudi Arabia, and may open regional offices in other countries.

As the UAE has mushroomed from a desert outpost to a thriving business hub, waste has multiplied. So has power use, which has soared 750 percent since 1990 according to the International Energy Agency. The wealthy UAE uses more electricity and creates more waste per head than almost any other...

The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.

The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots.

Tom de Bruijn’s comments came during a business forum hosted in Dubai as part of a high-level trade mission to the UAE joined by 50 leading Dutch companies active in key sectors such as water, energy, food, urban design and logistics. The minister described the forum and Expo 2020 Dubai...

The oil prices would average US$70 per barrel in 2021, Garbis Iradian, chief economist for MENA at IIF, tells TRENDS in an exclusive interview.

The deal is valued at AED1.1 billion ($300 million).

It will be the first time since the oil price crash in the second quarter of last year when the COVID-19 pandemic devastated demand that ADNOC has not implemented any supply cuts.

The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities.

Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the railways.

InvestSP Corporation and the Global Logistics Passport initiative have signed a Memorandum of Understanding or MoU for better shipping and logistics.

Saudi Arabia will not reduce value added tax any time soon, but will consider doing it when it public finances will have improved. This was stated by Saudi Finance Minister Mohammed Al-Jadaan .

The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions.

A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the flows of cash and gold.

This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set earlier this year.

Israel is anticipating a significant influx of Emirati and Bahraini tourists as the global tourism industry starts recovering from the Covid-19 pandemic.

The new five-pillar plan apparently aligns with Bahrain’s Economic Vision 2030 and its intention to achieve net-zero carbon emissions by 2060.

Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families for a while now. In a statement, Masdar said the visas are being processed in collaboration with the Abu Dhabi Residents Office (ADRO), a division recently launched by the Abu...

The violators were arrested during a clampdown conducted in the Muharraq governorate by the LMRA Labor Inspection Directorate.

A top law official in the UAE has detailed several cases where the judicial system fined and jailed people for financial irregularities, and recovered sums to the tune of millions of dirhams from them. Many such people were also deported.

Higher oil prices and sales volumes led to the rise.

Russian tourists are finally returning to the Red Sea resort of Sharm el-Sheikh six years after a terrorist strike.

This is bad news for Lebanon, which had been counting on financial assistance from the Gulf to rescue its economy. Now, its ties have soured with four countries in the neighborhood because of comments made by its Information Minister George Kordahi.

The Ministry of Interior of Jordan has confirmed that strict measures will be taken against expatriates who did not receive the two doses of the Covid-19 vaccine. In a statement, the ministry has said unvaccinated expatriates would be deported starting from the December 15.

Six lucky vaccinated people will each receive JD500 (around $705), provided that they had been inoculated in the week before the drawing.

In June, the government passed the budget for 2021-22, which projected spending of US$ 76 billion and a deficit of US$ 40 billion.

The process of supplying Lebanon with electricity is expected to begin in early 2022.

The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures, and is expected to include various sectors such as oil and gas, power and water, transportation, and construction. This will reportedly be achieved by employing a variety of policies and...

Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week.

Kuwait has also urged other members to follow suit so that the UN can do its tasks properly.

According to the Chinese statistics, there are over 4,000 Chinese-funded enterprises in the UAE. In 2020, the bilateral trade reached the U.S $49.176bn even during the pandemic, up 0.9 percent year on year.

The emirate is expected to see a growth of around 2.5 percent between 2021 and 2024.

Libya had been mostly off-limits to tourists throughout the four-decade rule of Moamer Kadhafi

The UAE will explore investment opportunities in the space economy and space tourism services besides other related ventures with Blue Origin, an aerospace manufacturer and spaceflight service company. In this direction, Abdullah bin Touq Al Marri, Minister of Economy, along with Dr. Ahmad Belhoul Al Falasi, Minister of State for...

The finance ministry lowered its 2021 budget deficit target to 5.5%-5.7% of gross domestic product from 6.8% due to higher-than-expected tax revenues, reflecting a rapid economy recovery. It projects a 3.9% deficit in 2022.

Pepsico, Deloite, Siemens, Haliburton, KPMG, PwC, Novartis and OYO are among the companies that will establish their regional headquarters in Riyadh.