Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support the green economy of the emirate, said Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy. Al Muhairbi was attending the Dubai Supreme Council of Energy's 67th...

Iraqi fishermen at Al-Faw, such as Tareq Ziad, complain of "being harassed" by both Iran and Kuwait.

The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of their kind in the history of the country. Approved last month by Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the amendments were made to more than 40...

A minister said the rise in budget was due to the ‘temporary increase’ in expenses related to the World Cup.

Wall Street's main indices climbed at the opening bell, with the Dow rising 1.0 percent.

Official sources said the country would, from January 1, ‘transition to a four and a half day working week,’ with Saturdays and Sundays off.

Libya collapsed into years of violence after the 2011 fall and killing of dictator Moamer Gadhafi in a NATO-backed revolt. The central bank has been divided into two since then. However, a ceasefire in mid-2020 allowed for reunification efforts to begin.

The deficit had fallen to RO1 billion ($2.6 billion) by October-end from RO2.71 billion ($7.05 billion) during the same period in 2020.

The move is expected to raise the country’s ranking in relevant international indexes.

The UAE government on Sunday announced the launch of the UAE Railways Programme, the largest integrated system for transporting goods and passengers across the country. The program was announced in the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Sheikh Mohamed...

The total value of the UAE’s foreign trade in the past five decades amounted to some AED34.23 trillion ($9.32 trillion), according to the United Nations Conference on Trade and Development (UNCTAD). Additionally, the country’s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion). The...

Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare a Hong Kong listing.

Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey said. Media reports said IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold...

The bank said it was confident that the global bottlenecks would continue to improve over the coming year. ‘We expect this to reduce the pressure currently being felt by global central banks, enabling them to keep interest rates lower for longer,’ it said.

The festival aims to, among other things, make Abu Dhabi the preferred place for camel fairs regionally as well as internationally.

The signing of the MoU reportedly coincided with the visit of the French President Emmanuel Macron to the UAE.

According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million.

“This partnership is a continuation of Aramco’s long-standing relationship with a number of leading French companies. It represents an opportunity to promote hydrogen as a low-carbon solution, not just for motorsport, but eventually for mass transportation as well,” Amin H. Nasser, Aramco President and CEO, said. “Such collaboration helps us...

Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.

The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of 2021.

According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.

The deputy minister Mehdi Sadeqi Niaraki argued that production growth is one of the main strategies to develop the Islamic Republic, adding that the Statistical Centre of Iran and the Central Bank of the Islamic Republic of Iran have announced in a different report 5.5 percent and 6.1 percent production...

The agreements will boost the strategic partnership between the two countries to serve their mutual interests.

Tunisia's budget deficit has narrowed to nearly 3.8 billion ($1.3 billion), at the end of September 2021, against 4.9 billion dinars, in September 2020, down 23 percent, local media reports said, citing Finance Ministry's budget data. The decrease in the budget deficit is due to the increase in budgetary resources...

Saudi Arabia will see a strong economic growth in the fourth quarter of 2021, due to a high oil production not seen since April 2020.

Gopinath will succeed Geoffrey Okamoto as first deputy managing director, serving under IMF chief Kristalina Georgieva.

"Jordan represents a unique and strategic opportunity for global investors. We are looking forward to strengthening our ties further in the region", says Devan Gohil, Director at RiverBay Capital. The firm's new mandate is likely to see a significant flow of overseas capital being deployed in the country over the...

The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

Washington hailed Thursday's deal in a statement, saying it would "improve the transparency and fairness of processes for obtaining authorisations to provide services by professionals and firms in a wide array of fields." US Trade Representative Katherine Tai said “this initiative is the first successful WTO services negotiation in years,...

Lebanon's unprecedented economic crisis and the coronavirus pandemic have dimmed the cosmopolitan appeal of the capital.

The European Bank for Reconstruction and Development (EBRD) has said it will support the Moroccan financial system by launching an e-learning training program on capital markets, local media reports said. The program offers participants the opportunity to update their capital markets knowledge and skills, EBRD said in a statement. The...

The annual appeal by UN agencies and other humanitarian organisations said that providing aid to the 183 million most vulnerable people across 63 countries next year would require $41 billion.

Under the agreement, a mobile irrigation application will be developed to serve Jordanian farmers, specifically in the Jordan Valley.

SDC is the 25th member from the Mideast to join UNWTO.

Saudi Arabi on Wednesday recorded its first case of Omicron variant infection, in a citizen its health ministry said had come from a North African country. Hours later, the UAE announced it too had detected the strain within its borders, in an ‘African woman arriving from an African country via...

Israel's cultural capital Tel Aviv is now more expensive than Paris, Singapore, Zurich, Hong Kong and New York.

Turkish president accepted the resignation of Lutfi Elvan and appointed his deputy Nureddin Nebati as the new finance minister.

S&P Global Ratings has introduced a new national credit rating scale for Saudi Arabia in response to a growing interest in the kingdom’s local currency debt markets.

Turkish President Recep Tayyip Erdogan on Wednesday defended his "risky but correct" economic policy of low interest rates, as the central bank intervened in markets to prop up the falling lira.

The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth outlook for 2021.

Ralf Wintergerst, Group CEO of 170-year-old German firm Giesecke+Devrient (G+D), said physical currency is a resilient form of payment and it is here to stay alongside digital currency.

Youth in Iraq get job through “wasta,” the system of “who you know” that has become Iraq’s pervasive scourge.

In its new report to be published soon, titled "The UAE: Data Documenting the Journey until 2020", the Federal Competitiveness and Statistics Centre (FCSC) reveals key facts and figures underscoring the country's economic growth during the past 50 years, to mark the country's Golden Jubilee.

A mild recovery from the previous two days' steep losses was turned on its head in the region on Tuesday after Moderna head Stephane Bancel told the Financial Times that existing vaccines might not be as effective against the new Covid strain owing to its multitude of mutations.

Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible Food plant-based products.

Tel Aviv climbed the rankings partly due to the strength of the national currency, the shekel, against the dollar, as well increases in prices for transport and groceries. Paris and Singapore came in tied for second, followed by Zurich and Hong Kong. New York City was in sixth place, with...

Abu Dhabi’s Advanced Technology Research Council (ATRC) on Tuesday announced that it has awarded AED40 million ($10 million) in research funding to 53 successful R & D projects across eight key sectors in 2021. ARTC is the overarching entity mandated to shape Abu Dhabi’s R & D strategy and its...

The Economic Development Board (EDB), Bahrain's investment promotion agency, on Tuesday announced the launch of the investment platform (invest.bh) that allows investors to access investment opportunities in the kingdom's strategic projects. The launch is part of Bahrain's Economic Recovery Plan which saw the announcement of strategic projects worth more than...

The UAE cabinet has also approved policies to boost the creative sector, and even rehabilitate convicts and juvenile delinquents.

Fed chief Jerome Powell has said the new strain could also heighten uncertainty regarding inflation.