Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to strengthen cooperation between the two cities and further enhance relations between the UAE and the Kyrgyz Republic.

UAE Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met with Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Dr. Jihad Azour.

Global stock markets rose as traders looked to the US Federal Reserve's interest rate decision hoping it will signal a more dovish approach to fighting inflation. The Fed is widely expected Wednesday to announce a fourth straight 75-basis-point rate hike leading to worries it will tip the world's top economy...

Tripoli, Libya---Libya is aiming to nearly double its oil output to two million barrels per day by 2027, the head of its National Oil Company has said. "We're working on raising production to two million barrels per day in the next three to five years," Farhat Bengdara said in an...

Pact aims to expand railway solutions, technology in region.

The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US, UAE and other countries; invest in responsible and resilient supply chains; and promote investment in green mining, production and processing of minerals and materials that are vital to the energy...

The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a US$10 million (AED36.7 million) line-of-credit agreement with the National Bank of Iraq (NBI), part of the Capital Bank Group.

The Czech prime minister, whose country holds the rotating EU presidency, said the bloc may look at sanctions on Belarus over its role in the war in Ukraine. Minsk allows Russian troops to be stationed in Belarus and stage attacks on Ukraine from there, though it insists it does not...

BP, flush with cash, revealed a $2.5 billion share buyback.

Such a scenario has led to despondency among many Arab-Israelis -- who make up around 20 percent of the population -- potentially denting their turnout. "We need to work harder, first of all, to convince people to go out and vote," Aida Touma-Suleiman, from the Hadash-Taal alliance, told AFP.

Since the last Arab League summit in 2019, several members of the 22-member bloc -- for decades a forum for strident declarations of support for the Palestinian cause -- have normalised ties with the Jewish state. The United Arab Emirates went first in a historic US-mediated deal that made the...

Tokyo, Japan— Toyota kept its annual net profit forecast unchanged on Tuesday, as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets. The world's top-selling automaker said it now expects to sell half a million fewer vehicles in the current financial year because...

The global primary energy demand is forecast to continue growing in the medium and long-term, increasing by a significant 23% in the next 23 years

More than a year after it took power, Taliban has failed to curb opium poppy cultivation in the country as production and exports have boomed. According to the UN's drugs agency the poppy cultivation has gone up by a third despite the Taliban's ban in April on the cultivation.

The global financial institution said higher oil receipts supplemented with a gradual non-oil recovery in the Emirates will bolster fiscal revenue.

Several factors are at play when it comes to strengthening relations between GCC and Asian countries. TRENDS looks at all of them and gives them a perspective.

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov, who is on a working visit to the UAE. During their meeting, which took place at Al Shati Palace, President Sheikh Mohamed welcomed the President of Kyrgyzstan and hoped the...

Despite soaring inflation and murky economic prospects worldwide, the IMF maintained its projection of 5.0 percent growth for the region in 2022, dropping to 3.6 percent in 2023. But the figures, although higher than elsewhere in the world, don't reflect the region's "challenges", Middle East and Central Asia director Jihad...

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said DEWA had added 300 megawatts of photovoltaic solar energy in 2022 from the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park using the Independent Power Producer (IPP) model. The Solar...

With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have eased but experts are warning against complacency. For over a week now, there have been bottlenecks at Spanish ports of ships bringing in LNG, indicating Europe is at full capacity.

As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by 8.6 percent in the third quarter of 2022 compared to the same period in 2021.

Years of strict pandemic controls and a political crackdown have hammered the Asian finance hub's economy and sparked an exodus of talent authorities say they now want to reverse.

The scale of the loss can be gauged from the fact it is slightly more than the annual economic output of Morocco ($132 billion).

Doha, Qatar— Qatar and Azerbaijan have decided to enhance relations in the fields of energy and trade and in this regard Qatar Chamber and the SMEs Business Development Agency of the Republic of Azerbaijan signed on Sunday a memorandum of understanding (MoU) to establish the Qatar-Azerbaijan Joint Business Council. Speaking...

The program, launched by Saudi Crown Prince and Prime Minister Mohammed bin Salman, has identified more than 800 investment opportunities worth $266bn.

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 49.2, down from September's 50.1 and below the 50-point mark separating growth from contraction, according to data from the National Bureau of Statistics (NBS).

The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities for it with just a single approval.

Energy security, enhancing partnerships were discussed.

Project is part of the world's biggest natural gas reserves.

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned 389 11kV substations in Dubai in the third quarter of 2022. This is part of its efforts to deliver state-of-the-art infrastructure according to the highest international standards. These stations are mainly located at Wadi Al Safa Fifth, Al Merkad,...

Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global investment downturn, according to a new report published by the UN Conference on Trade and Development.

Saudi Arabia's Ministry of Industry and Mineral Resources announced that Saudi Arabian Mining Company Ma'aden and Barrick Gold Ltd alliance have obtained a license to explore the mining site of Umm al-Damar.

Jakarta, Indonesia--- Indonesia would need 17 million technologically literate workers, or workers who are able to use and manage technology, State-Owned Enterprises (SOEs) Minister Erick Thohir said here on Sunday. "The country needs the younger generation to develop a knowledge-based economy so that many innovations that Indonesia needs to compete...

The World Bank estimates that by 2050, if nothing is done to prevent it, there will be 216 million people internally displaced by climate change, including 19.3 million in North Africa.

Riyadh, Saudi Arabia—The stage is set for the Arab Broadcasting Festival to begin next month in Riyadh as preparations have nearly been completed for the event. President of the Arab States Broadcasting Union (ASBU) and CEO of Saudi Broadcasting Authority, Mohammad bin Fahd Al-Harithi, announced the completion of the ongoing...

At least nine people were killed and many wounded when a gas tanker blew up in Baghdad on Saturday night in what is being termed as an accident. The explosion was so powerful that it could be heard across much of Iraq's capital. The tanker was in a car park...

The secretary general of the Gulf Cooperation Council condemned remarks by Germany's interior minister on the World Cup due to be hosted in Doha. Qatar summoned Germany's ambassador to protest against comments made by Interior Minister Nancy Faeser casting doubt on whether the Gulf state should host the football World...

Russia suspended its participation in a pact that allowed grain exports from Ukraine, blaming alleged drone attacks on Russian ships in Crimea. Russia made the announcement after its army accused Kyiv earlier Saturday of a "massive" drone attack on its Black Sea fleet, while Britain rejected Moscow's claims its specialists...

Stock markets across the GCC remained less enthusiastic as oil, which fuels the region's growth, declined amidst fresh coronavirus scare.

The European Union has frozen Russian assets worth around $16.9 billion since Moscow invaded Ukraine, EU Justice Commissioner Didier Reynders said in an interview. The figure has risen from the roughly $13.7 billion from oligarchs and other entities that Reynders in July announced the EU had frozen, mainly in five...

AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in MENA on Sunday, organized by the Arab Renewable Energy Commission(AREC), with Arab and international participation. In a statement Saturday, AREC's Secretary-General, Mohammed Taani, said the forum will discuss over three...

Calling on "all parties" to make every effort to extend the agreement on Ukrainian grain exports, UN Secretary-General Antonio Guterres has appealed for an extension to the so-called Black Sea deal, signed in July by the UN, Ukraine, Russia and Turkey, allowing more than 9 million tons of Ukrainian grain...

Abu Dhabi, UAE— The UAE Ministry of Finance announced amendments to some provisions of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT), which will be effective from 1st January, 2023. The amendments were made are in line with international best practice in light of the GCC...

DUBAI, UAE - The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Bangladesh Securities and Exchange Commission (BSEC) to enable exchange of information between the two authorities. The MoU was signed by Chief Executive of the DFSA Ian Johnston and Chairman of the BSEC...

As the US is apparently pulling away from the Middle East, the cooperation between the Gulf and Asian regions is taking place in areas such as the new energy, artificial intelligence, and industrial diversification.

Hike in profit was due to high oil, natural gas prices.

Firm's Q3, 2022 profit fell compared to Q3 in 2021.

Revenue doubled year-on-year to US$17.1 billion.

HDC provides special education and care services in S Arabia.

Under its recently announced Experts Program, the Saudi Ministry of Culture has provided an intensive leadership training course for Man and The Biosphere (MAB), a UNESCO program.