Saudi Arabia has unveiled two initiatives to help the country boost its production and manufacturing.

Libya’s second city Benghazi has mushroomed to twice its size, creating an unplanned and chaotic urban sprawl.

Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that are causing chaos for its inhabitants.

The number of people out of work in Egypt grew 7.5 percent to 2.2 million in the third quarter of 2021, compared to 2.1 million in the second quarter of 2021.

The Turkish lira sank further on Thursday as the central bank slashed interest rates for the third consecutive month following pressure to do so from President Recep Tayyip Erdogan.

The MoU was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Denis Manturov, Russian Minister of Industry and Trade, on the sidelines of the 37th edition of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2021).

Drones, guided missiles, simulators: the United Arab Emirates is on the offensive to develop its defense industry in a bid to wean itself off dependence on imports.

An unemployment rate of more than 11 percent and the crisis impact on entrepreneurs and startups major concerns in the region, says IMF chief.

Global employment, which was severely affected by the pandemic, is beginning to rebound as economies reopen. The UAE, which was particularly hard impacted due to the COVID-19, is now resuming recruitment and attracting the top candidates, he adds.

The super vault presents a variety of top custody and security services. It features automatic robot-driven, safe-deposit boxes, medium and large safes, ultra-secure private rooms, art storage rooms equipped with the latest temperature and fire suppression systems and viewing, meeting rooms, lounges, and business desks, spread across 6,500 and 600...

The announcement was made via video conferencing on Tuesday by Abdullah bin Touq Al Marri and Orna Barbivai, Israeli Minister of Economy, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Mohammed Al Khaja, UAE Ambassador to Israel.

The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s Main Market and listing on the Second Market, post listing support through participation on DFM’s international roadshows regionally and globally in addition to a three years’ waiver on listing fees, AGM fees and...

It fell nearly four percent to 10.41 to the dollar before clawing back some of its losses ahead of a meeting Thursday at which the central bank is expected to lower interest rates for the third successive month. Turkey's nominally independent bank has bowed to incessant pressure from President Recep...

The Turkish lira suffered one of its biggest falls of the year on Tuesday and hit new historic lows to cement its status as the year's worst-performing emerging market currency.

Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs .

For new investors, the new service will require only three steps: visiting the Saudi Ministry of Foreign Affairs website and applying for "adding a request for attestation of a contract" at the Kingdom's embassies abroad. The service was inaugurated in a number of the Kingdom's embassies.

The Fund, an initiative of the Dubai Securities and Exchange Higher Committee, will focus on supporting efforts to implement the directives of Sheikh Mohammed bin Rashid Al Maktoum to establish 1,000 tech companies in the country within five years and increase startup investments from AED1.5 billion to AED4 billion.

In oil exporting countries, the fiscal deficits in 2020 will be replaced by large surpluses in 2021 and 2022, mainly in GCC. If oil prices average US$ 81/b in 2022, fiscal balances in Saudi Arabia, the UAE, Qatar, Iraq, and Oman are projected to be higher than 3% of GDP.

Growing costs and a drop in purchasing power are seen as deterioration of the standard of living Kuwaitis have been accustomed to for years.

The Kingdom ranks 26 in the Mercer Institute Global Pension Index 2021 for the fourth year in a row, with a total of 58.1 points, up from 57.5 last year.

The program is the second public-private initiative by MoIAT following the Future of Industry Dialogue initiative, a series of interactive meetings organized in Q1 of 2021 with representatives of leading industrial sectors in the UAE. The training modules have been developed by P&G and are designed to develop core capabilities...

Industrial production grew 3.5 percent on-year last month, up from September, said the National Bureau of Statistics, as China worked to ease the energy shortage.

“This will be the first non-profit city of its kind which will contribute to achieving the goals of Mohammed bin Salman Misk Foundation in supporting innovation, entrepreneurship and qualifying future leaders by defining non-profit work in its internal operational concept and in terms of opportunities and youth training programs it...

The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the Air Force and Air Defense Command.

About 88 percent of the affluent people in the UAE have reset their life goals following the Corona pandemic, and 43 percent of them feel the pandemic has made them less confident to utilize their finances for achieving goals, a Standard Chartered survey has found. The bank surveyed affluent, emerging...

As tear gas and protest cries filled the air in the Tunisian city of Agareb, Mabrouka Ben Ibrahim vowed to demonstrate for her daughter, whose death she blames on a nearby rubbish dump.

Iraqi wheat farmer Khamis Ahmad Abbas lost it all when his battle with drought forced him to abandon his land, pushing him into unemployment.

The fourth US-Qatar Strategic Dialogue led to both sides discussing to several economic, commercial, regional, and humanitarian issues.

Egypt President Abdel Fattah al-Sisi is building a new capital, whose construction costs are already under a microscope.

The discussions took place between Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum and Brazil President Jair Bolsonaro at Expo 2020 on Saturday. The meeting saw the signing of several agreements and MoUs between the two sides.

Boeing has endured a series of crises as Airbus recovers.

Libya has seen several political and security crises since Muammar Gadaffi was overthrown a decade ago.

World Food Program Executive Director David Beasley has warned that more people in Syria are in the grips of hunger than at any time in the country’s decade-long conflict. He blamed a deadly combination fighting, climate change, Covid-19, and rising food and fuel costs for the problems.

UAE officials "recognise reality", delegation member and House of Representatives Majority Leader Steny Hoyer said after talks with Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum. "They know the world is working very hard not to be in a position to buy their product anymore, because they're going to alternative energy,"...

Lebanon's government, formed in September, has yet to take serious action to stop its downward spiral.

Budget deficit of Kuwait has spiraled 175 percent to $35.5 billion in 2020-2021, the highest in the country’s history.

Stock markets in the Arab region were mostly in the green in the week gone by.

The village seeks to be an advanced logistics center that provides all means for logistics service providers and technical support companies.

Some people conflate the target of zero carbon emissions with the notion that the era of oil, gas, coal, and other fossil fuels is ending. Even though we are experiencing a trend toward generating energy from renewable sources such as the sun and the wind, this is inaccurate.

The draft Intergovernmental Panel for Climate Change report is scheduled for release early next year.

“The governments of the UAE and Bahrain, in light of the fraternal ties and long-term mutual interests between the two countries, consider their joint objectives and interests embodied in the articles of incorporation of the Gulf Cooperation Council (GCC),” said a joint statement quoted by Reuters.

The parties agreed on a strategic plan to implement new measures over the next nine months to strengthen ties between investors based in both countries by enabling the seamless placement of orders on both securities markets, while reducing transaction costs.

The economy of China is weighed down by electricity shortages and a vast real-estate crisis.

The ADX and ADDED, in conjunction with legal and investment specialists, have worked together to produce the proposed SPAC regulations, assessing the regulatory landscape and benchmarking US and international SPAC regulations. Following its review by the SCA, the SPAC proposal will require formal regulatory approval.

UAE firms are expected to hire more staff and increase salaries next year to attract and retain talents as the economic conditions improves, according to a report by Mercer.

Saudi Arabia's GDP has risen by 6.8 percent in the third quarter of 2021 compared to Q3 2020, according to the kingdom's General Authority for Statistics (GASTAT). The authority attributed the growth to an increase in oil activities by 9 percent as a result of the rising global demand for...

The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.

The lack of progress towards peace and reconciliation and Covid-19 caused an unsustainable economic situation in the Palestinian territories.

Financial technology, or fintech, automates and improves the delivery of financial services.

Countries with poor economies will face severe consequences of climate change caused by the rich nations.