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 ...

Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.

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.

EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures. "We are well prepared to resist Russia's extreme use of the gas weapon," he told reporters on the...

Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for the value of social security.

Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its citizens in the process such as more secure and affordable energy supplies, according to a new IEA report.

Turkey can mediate in a standoff over Ukraine's Zaporizhzhia nuclear power station, occupied by Moscow's troops, President Recep Tayyip Erdogan told Russian counterpart Vladimir Putin on Saturday. "President Erdogan said Turkey can play a facilitator role in the Zaporizhzhia nuclear power plant, as they did in the grain deal," the...

A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with the international community to confront challenges facing the global energy sector.

Paying heed to hundreds of requests from American companies, the US government confirms it will continue to enforce the tariffs on Chinese goods imposed by former president Donald Trump. President Biden had been considering whether to remove some of the tariffs, amid pressure to offer some relief to soaring US...

Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali.

Ajman Bank and Mastercard have partnered to launch Touch Card, a payment card that will allow blind and partially sighted people to easily facilitate payments and distinguish between their cards.

In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332 at the end of the first half of 2022.

The latest Food Price Index shows that the prices of five commodities - cereals, vegetable oil, dairy, meat and sugar - were lower in August than in July.

G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid to cut a major source of funding for Moscow's war in Ukraine. The G7 said it was working towards a "broad coalition" of support for the measure but officials in...

Prime Minister of Jordan Dr. Bisher Khasawneh met Kuwaiti Minister of Information and Culture Abdul Rahman Al-Mutairi, who is in the Kingdom to head his country's delegation in the 21st Amman International Book Fair.

Dubai Electricity and Water Authority (DEWA) 's Research and Development (R&D) Center has registered its sixth patent for a user-friendly robotic carrier to transport and lift solar photovoltaic panels easily from any surface.

Federal agents and local police officers were spotted carrying boxes after they left an apartment in Manhattan's lavish Park Avenue and a house in the Hamptons, an upscale vacation destination near New York City, according to the report. Both properties are linked to Vekselberg, NBC said, citing US Treasury documents.

According to consensus, the unemployment rate for August should fall somewhere around 3.5 percent when official data is released at 1230 GMT. If the estimate turns out to be true, it would be the same rate as July when unemployment first returned to its pre-pandemic levels, which had been the...

The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom.

Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in business environment in the Kingdom.

As the world economy struggles to recover from the after-effects of the pandemic, financial markets are more volatile than ever.

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Joint Environment and Climate Ministers’ Meeting as part of the G20 Summit in Indonesia.

The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of the key objectives of the Saudi Vision 2030.

The growth in total bank deposits was due to the rise in resident deposits by 2.6% and non-resident deposits by 2.0%.

Energy Minister Saad al-Kaabi said the plant would cost $1.2 billion and start production in early 2026. State-owned Qatar Energy, a firm that is making huge profits from liquefied natural gas, said the plant would produce 1.2 million tonnes of ammonia a year "making it the world's largest such facility".

Driven by soaring energy prices caused by Russia's invasion in Ukraine, the yearly inflation rate in the 19-country single currency area reached 9.1 percent, its highest since records began, according to Eurostat. Consumer prices had accelerated to 8.9 percent in July.

The fiscal situation, high political, security and social tensions, rising inflation, movement and access restrictions and an unfinished structural agenda all weigh on the medium-term outlook, said the team in a statement. The fiscal challenges are largely structural.

The Central Bank of the UAE (CBUAE) has imposed sanctions on the owner and general manager of an exchange house in the country for breaking regulations of the bank.

The awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years.

Gazprom said supplies via Nord Stream 1 were "completely stopped" for "preventative work" at a compressor unit, shortly after the the pipeline's operator, Entsog, announced that deliveries had stopped. The move comes as European countries have faced soaring energy prices since Russia invaded Ukraine in late February and subsequently curbed...

The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity in the world's second-biggest economy, came in at 49.4 in August, up from July's 49.0 but still below the 50-point mark separating growth from contraction, National Bureau of Statistics (NBS) data showed.

The Sharjah Chamber of Commerce and Industry (SCCI) has announced it will be organizing "Al Maleh and Fishing" Festival in cooperation with the Dibba Al Hisn Municipality and Municipal Council.

Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 14 percent by the end of July to SAR 2.324 trillion ($620bn), compared to SAR 2.034 trillion ($540bn) a year earlier, according to data issued by the Saudi Central Bank (SAMA). Private-sector lending also increased by...

Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East, the AWS Middle East (UAE) Region. AWS estimates that its projected spending on the construction and operation of the new Region will support an average of nearly 6,000 full-time jobs...

Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies have been selected to participate in the DMCC Impact Scale-Up Program.

European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU energy market made urgent by Russia's invasion of Ukraine. This continent-wide shake up of 27 EU economies with different energy needs and sources will be a long and politically-fraught process.

Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by 'Brand Finance'.

Economists have widely predicted that China will fail to meet its 5.5 percent GDP growth target, blaming record youth unemployment, ballooning developer debt and manufacturing disruptions from frequent Covid lockdowns. "In response to new challenges, (we have) decisively launched a package of policies to stabilise the economy. Their strength surpasses...

The rains that began in June have unleashed the worst flooding in more than a decade, washing away swathes of vital crops and damaging or destroying more than a million homes. Authorities and charities are struggling to accelerate aid delivery to more than 33 million people affected, a challenging task...