President of Foodstuff Traders Association (FTA), Khalil Haj Tawfiq, said India's decision to restrict its exports of some rice varieties will not affect the Kingdom, as Jordanian traders do not import the types covered by the new restrictions.

Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th World Green Economy Summit (WGES) is "Climate Action Leadership through Collaboration: The Roadmap to Net-zero."

Egypt has raised customs dollar to its highest level in history, a measure likely to inflate the price of imported goods.

It will cost some $350 billion to rebuild Ukraine from the devastation caused by the Russian invasion, according to a report. The figure, which totals 1.5 times the size of the Ukrainian economy, is considered a minimum and is expected to grow in the coming months as the war rages...

ADNOC says domestically produced natural gas is more commercially competitive compared to imported coal or gas and it will support economic growth while lowering emissions when used as a substitute for coal in power generation.

German gas company VNG on Friday became the latest European energy firm to seek government aid as reduced Russian pipeline flows pushed up energy prices and put its business under stress. VNG, Germany's third-largest gas importer and storage operator, asked for support to "avert further losses" and allow the group's...

Moscow's invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty with all eyes on whether Russian President Vladimir Putin will cut off the energy flow entirely. Before the war, 40 percent of the EU's gas imports came from Russia, with most...

The US Treasury said it had placed Tehran-based Safiran Airport Services on its sanctions blacklist, two months after the White House divulged intelligence that Russia was seeking Iranian unmanned aerial vehicles (UAVs) for its war on Ukraine.

The two-day event is the first face-to-face meeting between members of the new Indo-Pacific Economic Prosperity Framework (IPEF), an initiative launched in May by US President Joe Biden. With this new trade partnership, the Biden administration hopes to reinforce its presence in a region that felt cold-shouldered under former president...

Israel says the Karish field is located entirely within its exclusive economic zone, but Lebanon insists that part of the field falls within its own waters. The US has mediated in the dispute, which escalated in early June when Energean brought a production vessel into the field.

The UAE ranks highest among GCC economies and 12th overall in the first edition of the Circular Carbon Economy Index that focuses on energy management of the countries.

The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is published annually by United Nations Development Program (UNDP).

The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals.

Struggling to tame surging inflation in the eurozone that has seen steep increases in the price of energy in the wake of the Russian invasion of Ukraine, European Central Bank policymakers are expected to make a historically large interest rate hike at their meeting on Thursday.

Depicting a gloomy picture of the state of human progress, a United Nations report argues that an unprecedented array of crises, chiefly among them Covid-19, has fueled a global wave of uncertainty. The UN development Program said the Human Development Index has declined for two years straight.

Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.380 pts, with conglomerate International Holding Company (IHC.AD) closing high at AED 350.

Climate change is already stoking heatwaves and other extreme weather events across the world, with hot spells from India to Europe this year expected to hit crop yields. Temperature spikes are causing mounting concern for health, particularly for those working outside in sweltering conditions, which is especially dangerous when humidity...

Ecommerce operators, who have seen an acceleration in activity post the onset of the pandemic, have further expanded their operations.

The 47-year-old won an internal ballot of Tory members on Monday, securing 57 percent of the vote, after a grueling contest against former finance minister Rishi Sunak that began in July.

The real gross domestic product (GDP) of Saudi Arabia has jumped 12.2 percent in the second quarter of 2022, exceeding the government estimate of 11.8 percent. The kingdom, the world’s top oil exporter, has richly benefited from high crude prices and a significant post-pandemic recovery.

Last month, China's exports expanded 7.1 percent year-on-year, down from 18 percent growth in July, China's General Administration of Customs said, while imports were up only 0.3 percent, compared with a 2.3 percent rise in July. Analysts surveyed by Bloomberg forecast export growth of 13 percent and a 1.1 percent...

Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab countries.

A delegation from Saudi Arabia's Royal Commission for AlUla (RCU) visited Petra on Tuesday to advance cooperation between the two kingdoms in tourism.

Muscat, Oman---The government of Oman issued Treasury Bills worth Omani Riyal 40 million (US$103 million) for a period of 91 days. The average accepted price reached RO 99.419 for every RO 100, and the minimum accepted price arrived at RO 99.270 per RO 100. Treasury Bills are short-term highly secured...

European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation. Frankfurt, London and Paris equities carved out gains despite poor German data, a day after tumultuous trading as Russia curbed gas supplies to Europe.

The Abu Dhabi Judicial Department (ADJD) has achieved a record surge in total notarization and authentication transactions carried out in August 2022 by reaching 13,000 operations.

UAE's Ministry of Health and Prevention (MoHAP) has taken part in the G20 Health Working Group (HWG3) meeting in Indonesia to discuss strengthening global health infrastructure through expanding manufacturing and research hubs for pandemic prevention, preparedness and response.

She faces a daunting to-do list, with the UK in the grip of its worst economic crisis in decades, with double-digit inflation and skyrocketing gas and electricity bills. Truss, who touts herself as a free-market liberal, has promised tax cuts to stimulate growth, despite warnings that greater borrowing could make...

Erdogan told reporters before departing for a three-nation swing through the Balkans that European nations were "harvesting what they sowed" by imposing economic restrictions on Russia.

The Wyndham Grand Doha West Bay Beach, St. Regis Marsa Arabia Island and the Rixos Hotel Doha will soon unveil an exciting range of culinary concepts.

"We want to attract startups and SMEs so they can prove themselves in the space industry and boost research projects”, Abdulla Al Marar, of the UAE Space Agency, tells TRENDS.

Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the world’s fastest-growing economies this year, says expert.

The kingdom is the largest economy in the Middle East, making it a key market for any firm operating in the region.

The move could irk the United States as it has pressed the group to increase output in order to bring down energy prices that have fuelled decades-high inflation. OPEC+ had agreed to huge cuts in output in 2020 when the Covid pandemic sent oil prices crashing, but it began to...

DUBAI, UAE - Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released by Dubai's Land Department (DLD) showed. Additionally 93 mortgage deals of $53 million ( AED197.58 million) and 23 gift deals amounting to $233 million (AED858.27 million), the DLD revealed. The...

The lowest average monthly salary is paid in Sri Lanka (US$143.62) and the highest in Switzerland (US$6142.1), according to a latest survey.

Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi.

Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and studies indicate that green hydrogen production will increase by 57 percent annually to reach 5.7 million tonnes in 2030.

The National Center for Government Resources Systems (NCGR) launched its comprehensive strategy (2022-2025).

The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European currency has continued to weaken against the dollar since the start of the year, hammered by economic turbulence and uncertainties sparked by Russia's invasion of Ukraine.

A number of governments have expressed concerns over cryptocurrencies, but those behind the first Crypto Policy Symposium say they hope the event will prompt much more "critical discourse" of the sector. "There are so many crypto conferences but they are funded by the crypto industry," said Martin Walker, a co-organizer.

The strategically important developing nation lurched into its latest economic crisis when President Recep Tayyip Erdogan launched an unorthodox experiment that attempted to fight inflation by lowering the main interest rate.

Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday. The 13 members of the OPEC cartel, led by Saudi Arabia, and their 10 partners, led by Russia, are meeting to adjust their quotas for...

European Central Bank policymakers look set to hike interest rates again to tame runaway inflation amid a steep increase in the price of energy. The high inflation has sent the pace of consumer price rises to new high, with Eurozone inflation hitting 9.1 percent in August.

Once the flagship of Lebanon's economy, the banking sector is now widely despised and avoided after banks barred depositors from accessing their savings, stopped offering loans and closed hundreds of branches and slashed thousands of jobs. Last month, a local man was widely cheered as a folk hero after he...

Investment funds hold both local and foreign assets.

The UAE Ministry of Education has approved the Code of Conduct for professionals in the sector to set up clear, public ethical standards, rules and principles of conduct.

The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West had imposed on Russia over the Ukraine invasion weren't working. "Several months have passed and people are paying two, three, even four times more for their bills," he told Rtl...

Based on June data of Saudi and UAE central banks, the aggregate assets of Saudi banks (3.529.1 trillion) exceeded those of UAE peers (AED 3.449.2 trillion) for the first time since 2007, taking into account the official exchange rate of AED 1 equals SAR 1.02.

Doha--Qatar Central Bank (QCB) has issued treasury bills for September 2022 for three, six and nine months, with a value of QR 600 million ($164 million). QCB said in a statement that QR 300 million worth of bills have been issued for three months at an interest rate of 1.09 ...