Abu Dhabi, UAE--The UAE has presented Syria with 10 state-of-the-art ambulances, as part of Operation Gallant Knight 2 and the UAE's ongoing efforts to aid the quake-hit Syrian people.Dr. Salem Al Falasi, who is in charge of following up on the needs of the health sector in Syria, said that...

Abu Dhabi, UAE--The 15th session of the joint UAE-Algeria Economic Committee has been held in Abu Dhabi under the chairmanship of Abdullah bin Touq Al Marri, Minister of Economy, and Algerian Minister of Industry, Ahmed Zaghdar, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for...

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in 2023.Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the...

PARIS, FRANCE -  Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact of the COVID-19 pandemic on people and the global economy.Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, according to a new Organization...

It will also close down several units in Ludwigshafen.

New Delhi, India--German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world's number four and five economies and push for progress on an EU trade deal despite differences over Ukraine."We want to further strengthen our bilateral relationship with India and our cooperation on global...

Beijing, China--China's international trade in services stood at 459.5 billion yuan, or US$ 67.6 billion, in January, official data showed on Friday, Xinhua News Agency reported.Services exports totalled $25.44 billion last month, and services imports were at $40.50 billion, resulting in a trade deficit of $15.50 billion , according to...

Abu Dhabi, UAE--The Emirates Defence Companies Council (EDCC) and the Canadian Business Council (CBC) in Abu Dhabi signed a Memorandum of Understanding (MoU), aimed at accelerating cooperation and identifying business opportunities in defence industries.The MoU was signed today at Tawazun Council Chalet in IDEX and NAVDEX 2023, currently held in...

"We utilise all forms of clean energy to cut carbon emissions and mitigate the worst impacts of climate change. The UAE’s approach is showing tangible benefit, with over 5.5mT of carbon emissions removed for every unit brought into commercial operation at the Barakah plant," adds Mariam bint Mohammed Almheiri.

Companies will emphasize less on diversification and disruptive offerings this year, predict chief executive officers in the Gulf region.

DUBAI,  UAE -  Dubai Chamber of Commerce organized a Corporate Tax Workshop to help participants navigate the new regime, with expert advice from senior members of corporate tax and legal teams at PwC Middle East.After issuing the UAE issued Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and...

Israel's government approved the 2023-2024 budget against the backdrop of economic uncertainty linked to controversial judicial reforms advanced by the government of Prime Minister Benjamin Netanyahu. The government had been expected to adopt the budget during a cabinet meeting Thursday, but talks ran late into the night and also took...

ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian Minister of Industry Ahmed Zeghdar discussed enhancing cooperation in the economic, industrial and commercial sectors between the two countries.   In a meeting between Sheikh Abdullah and Zeghdar in Abu Dhabi,...

The surplus for Q4 2022 was 3.18 billion, compared to a deficit of $0.90 billion in the same quarter of 2021.

The EU measure will last for six months and was taken "in view of the gravity of the humanitarian crisis in Syria exacerbated by the earthquake". The massive 7.8-magnitude quake on February 6 has killed more than 42,000 people in Turkey and more than 3,600 in Syria.

The third meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development will take place in Jordan's capital Amman.

New tracks have been launched in the Gulf common market to supplement the 10 current tracks. The bloc also seeks collaboration with the private players in the region.

Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business groups within the F&B industry for HORECA traders, meat and poultry, bakeries, organic food, groceries as well as hypermarkets and supermarkets sectors.“We are on track to reach our goal of...

Turkey was already battling runaway inflation and relying on wealthy allies to keep its economy afloat when the massive earthquake on February 6 killed more than 43,000 people, razed entire cities and left millions needing urgent help.

The subscription period opens on February 23.

The bilateral ties between the two countries were further strengthened after the inauguration of the UAE Embassy in the Azeri capital, Baku, in 2011, and have witnessed advancement due to the mutual keenness of their leaderships, he adds during an interview with Emirates News Agency.

Dubai, renowned for its towering skyscrapers and ultra-luxury villas, saw record real estate transactions in 2022, largely due to the influx of wealthy investors - especially from Russia. That helped to rake in more than $140 billion last year, marking a 76 percent annual rise in property market transactions for...

The company employs about 4,000 workers in the UK.

Profit after tax slid 6% to $6.0 billion last year.

Cairo, Egypt--Egypt has set an initial yield of 11.625 percent for the sale of its three-year, dollar-denominated sukuk on Tuesday as part of the country’s measures to defuse its foreign exchange crisis.The sukuk will be of benchmark size or in the range of $500 million.Egypt’s finance minister Mohamed Maait said...

All three main indexes in New York plunged at least two percent Tuesday, with forecast-beating purchasing managers index data showing the US economy remained in rude health despite almost a year of rate hikes and elevated inflation. The readings followed a massive surge in new jobs in January and a...

Washington, United States--The United States has returned 77 looted antiquities to Yemen, US authorities said Tuesday, adding the objects would be housed "temporarily" in a museum in Washington in line with an agreement with the war-torn country's government.The pieces are "64 relief carved stone heads, 11 Quran manuscript pages, a bronze...

Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856 US companies operate in the Qatari market.

Jindayris, Syria--Born an orphan under the rubble in north Syria after a devastating earthquake, Afraa al-Suwadi has been given a new lease on life when relatives took her in.Since footage of her rescue in the town of Jindayris went viral on social media, Suwadi's story has captivated a grieving nation and...

The total number of companies now listed on QSE stands at 50.

Abu Dhabi, UAE--UAE-based SMEs in the industrial sector will soon be able to access new financing solutions and enablers following a memorandum of understanding (MoU) signed at IDEX and NAVDEX 2023.The MoU between the Ministry of Industry and Advanced Technology (MoIAT), Tawazun Industrial Park (TIP) and the Emirates Development Bank...

In 2023, some Middle Eastern economies appear to be more resilient than most developed markets, Maroun Kairouz, Director for MENA at the World Economic Forum, tells TRENDS.

Taking retaliatory action for imposition of sanctions against the Islamic Republic, Iran has slapped 36 individuals and entities from the European Union and Britain with sanctions. According to the Iranian foreign ministry, Tehran has placed the names on its "sanctions list for supporting terrorism and terrorist groups" as well as...

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) is participating in the Gulfood exhibition to showcase its business solutions for global investors in the Food and Beverage (F&B) industry who want to establish and expand their operations in the UAE.With an aim to promote the F&B industry,...

Riyadh, Saudi Arabia-- Saudi Arabia's non-oil exports (including re-exports) fell by 24.4 percent to SAR 22.7 billion ($6.05 billion) in December 2022, from SAR 30.1 billion in December 2021, according to the kingdom's General Authority for Statistics. Non-oil exports (excluding re-exports) decreased by 17 percent as re-exports also fell by...

SHARJAH, UAE - Chairman of the Department of Government Relations (DGR) in Sharjah Sheikh Fahim Al Qasimi recently met with Minister of Foreign Trade and Investment of Costa Rica Manuel Tovar Rivera to discuss strengthening collaboration between their respective regions.The two parties discussed trade, food security and the transportation of...

Youssef Akiki believes he may be the last commercial maker of the sheep wool "labbadeh", a waterproof and warm cap colored off-white, grey, brown or black.

With Wall Street closed Monday for Presidents' Day there were few catalysts for regional investors, with focus on the release later in the week of minutes from the Federal Reserve's most recent policy meeting. After data this month showed the jobs market continues to boom and prices continue to rise...

London, United Kingdom--UK government finances recorded a stronger surplus than expected last month, official data showed Tuesday, news that analysts said could allow finance minister Jeremy Hunt to further ease a cost-of-living crisis.Net borrowing showed a surplus of £5.4 billion ($6.5 billion) in January, compared with the government's own forecast for...

It, however, posted a jump in revenue to $15.7bn.

Riyadh, Saudi Arabia--The Arab Gulf Program for Development (AGFUND) will support UNICEF with funding in order to contain the spread of waterborne diseases in Lebanon. In this regard an agreement was signed in Riyadh by Prince Abdulaziz bin Talal bin Abdulaziz, Chairman of the Board of Directors of AGFUND, and...

Riyadh, Saudi Arabia-- Saudi Arabia and Costa Rica have signed agreements to increase the volume of trade and investment between the two countries.In this connection, the Federation of Saudi Chambers and the Costa Rican Export Authority signed two agreements in the field of economic cooperation between the kingdom and the...

Abu Dhabi, UAE--UAE Banks Federation (UBF) has signed a memorandum of understanding (MoU) with the Azerbaijan Banks Association to enhance cooperation and and promote the growth of the financial and banking sectors in both countries.The scope of the MoU includes organising various activities in the finance and banking sector jointly...

However, economic and people-to-people ties between Israel and its Abraham Accords partners will be affected due to the hard right nature of Israel’s coalition, says Esawi Frej.

DUBAI, UAE -  PwC Middle East and Microsoft have strengthened their global partnership at LEAP event in Riyadh, to support government and private entities in their digital transformation and cloud migration journey in Saudi Arabia.The collaboration will focus on cloud transformation, business process automation and technology consulting, addressing the present...

DUBAI, UAE -  Dubai International Financial Center (DIFC) continued to grow at a record-breaking pace in 2022 with the number of active registered companies rising 20 percent from 3,644 in 2021 to 4,377 in 2022.New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the first...

The decision of the Algerian President was announced in a speech read by Prime Minister Aimene Benabderrahmane at the annual African Union summit of leaders in the Ethiopian capital, Addis Ababa.

The benchmarks closed lower by about 4 percent last week after the United States reported higher crude and gasoline inventories.

Sharjah, UAE--Sharjah Electricity, Water and Gas Authority (SEWA) has completed the installation of 23,000 new smart meters in 2022 and replaced mechanical meters with smart meters in various regions of Sharjah.The new smart meters are accurate which contribute to providing accurate readings free from errors, as well as rationalising energy...

Sharjah, UAE--The Hamriyah Free Zone Authority (HFZA) will take part in the upcoming 28th edition of Gulfood 2023, the biggest food and beverage supply platform globally.The event will be held from 20th to 24th February at the Dubai World Trade Centre (DWTC) and will host over 5,000 exhibitors hailing from...