Producer prices in Oman increased by 40.7 percent during the second quarter of 2022 The producer price index in the Sultanate of Oman rose by 40.7 percent during the second quarter of this year, compared to Q2 2021. The rise in the index was due to the 48.7 percent rise...

The Arab Monetary Fund (AMF) said that the Abu Dhabi Securities Exchange (ADX) was ranked first in the Arab region in 2021, in terms of buy and sell transactions by foreign investors.

Abu Dhabi Department of Energy (DoE) Monday announced that the development of its hydrogen policy and regulatory framework aims to accelerate the UAE’s national hydrogen strategy and help the country attain global leadership in low-carbon and clean hydrogen.

The UAE has proven to the world the recovery of international trade after the most difficult pandemic that humanity has gone through, said Prime minister Sheikh Mohammed bin Rashid Al Maktoum. Non-oil exports were about AED180 billion for the first time in its history, recording a growth rate of 8...

Al Bateen Executive Airport has reopened following the successful completion of a major refurbishment project which will allow the airport to cater to increased operational requirement while meeting the highest levels of safety, compliance and accreditation.

After decades of conflict, Iraq is in need of foreign investment, and specifically investment in energy sector infrastructure. China, with its soaring energy needs, has stepped in to fill that gap, and is expanding its presence in Iraq under a 2019 oil for construction deal.

The summit will be attended by several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers.

Russian President Vladimir Putin announces on February 24, 2022 a "special military operation" to protect the Russian-speaking self-declared separatist republics of Lugansk and Donetsk in the east, whose independence he has just recognized. He says he wants to "de-Nazify" Ukraine, a former Soviet state, and demands a guarantee it will...

Many believe Russian President Vladimir Putin is using energy supplies as a strategic weapon to put pressure on nations that have applied sanctions against Moscow for its invasion of Ukraine.

Battered by the government’s zero-Covid policy and a slump in the property market, China’s central bank cut benchmark loan rates in order to boost economy. The one-year Loan Prime Rate was reduced from 3.7 percent to 3.65 percent, according to the People's Bank of China.

All eyes are on a symposium in Jackson Hole, Wyoming where Fed boss Jerome Powell will deliver a speech that will be followed for an idea about the bank's next moves. A dip in price rises and signs of economic slowdown had raised hopes policymakers would ease up -- and...

The king has called on the Jordanian government to speed up the implementation of the national plan for sustainable agriculture in order to achieve food security in the kingdom. The king said rehabilitating state-owned land for agricultural project is a vital part of the food security plan.

In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion.

In his capacity as the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has issued Law No. (6) of 2022 affiliating Dubai Media Incorporated (DMI) to Dubai Media Council and endorsing its objectives, tasks and organizational structure.

The Zakat, Tax and Customs Authority has called on taxpayers from the business sector subject to value added tax (VAT) to submit their tax declaration for July, no later than August 31. The Authority has urged business sector taxpayers to promptly submit their tax declaration in order to avoid a...

President Sheikh Mohamed bin Zayed Al Nahyan arrived in Al Alamein City on a visit to the Arab Republic of Egypt. Upon his arrival at Al Alamein International Airport, President Sheikh Mohamed was received by President of Egypt, Abdel Fattah el-Sisi. The two leaders discussed bilateral cooperation and strategic partnership...

Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority said that RTA had achieved the targeted energy efficiency performance indicators 2021 and reduced total energy consumption.

The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing. It will promote investment and employment opportunities in the sector.

The Kingdom of Saudi Arabia has progressed in the education, research, and innovation indicators per the World Competitiveness Yearbook 2022 report, issued by the Global Competitiveness Center of the International Institute for Management Development (IMD).

The Jordanian and Algerian business community agreed to a new vision for the two countries' economic relations, aiming to open broad prospects for joint trade and investment cooperation.

Two more ships carrying grain have left Ukraine's Chornomorsk port, Turkey's Defense Ministry said on Saturday, bringing the number of vessels to leave Ukraine's Black Sea ports under a UN-brokered deal to 27. The joint coordination center said Zumrut Ana and MV Ocean S were loaded with sunflower oil and...

The Abu Dhabi Securities Exchange was the leading Arab financial market in terms of performance last week, as its index surged by 3.6 percent, and its market value by 3.03 percent, according to the Arab Monetary Fund.

The fund said in a report released today that it expect inflation in Qatar will record about 4.3 percent during the current year.

S&P Global Ratings said that boosting the country's credit score of foreign debt to CCC+ "reflects strong committed international financial support to Ukraine."

Data released from the Ministry of Finance showed that oil and gas revenues increased to $32 billion, compared to $19 billion in the first half of 2021.

Russian President Vladimir Putin and his French counterpart Emmanuel Macron called for independent inspections at the Moscow-occupied Zaporizhzhia nuclear plant, the Kremlin said Friday. Putin said "the systematic shelling by the Ukrainian military of the territory of the Zaporizhzhia nuclear power plant creates the danger of a large-scale catastrophe that...

The total premiums of insurance companies listed in local financial markets in the first half of 2022 increased by 7.64 percent year-on-year to $302 million while their net profits totaled $222 million.

The real estate and properties transactions valued at $2.8 billion (AED10.3 billion) in total during the week ending 19 August 2022. The sum of transactions was 3,149.

The UAE is providing sustainable humanitarian aid worldwide, underscoring its commitment to promote regional, global peace and prosperity. As per data issued by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the total value of foreign aid provided by the UAE from the start of 2021 to mid-August 2022...

The gains, due to high oil prices, will provide 'firepower' to the region's sovereign wealth funds, said Jihad Azour, IMF's director for MENA. Most of the oil-rich countries in the region have established large SWFs and use them to invest oil revenues in various sectors both within the countries and...

It must be based on scientific, economic, and engineering facts, appreciate the multiple dilemmas and challenging trade-offs, and accelerate the deployment of practical solutions. For that, we need an inclusive approach that leverages the experience of all sectors of society, he added in a writeup for Project Syndicate.

Germany is heavily dependent on Russian gas and has seen deliveries drop sharply amid tensions over the Ukraine war.

Oil-exporting countries in the Arab World will benefit throughout 2022 from the increased oil production quantities within the "OPEC+" agreement and relatively higher oil and gas prices in international markets, according to the Arab Economic Outlook report by the Arab Monetary Fund.

CEO of the Ras Al Khaimah Tourism Development Authority (RAKTDA) Raki Phillips said that the emirate’s tourism sector aims to increase the number of hotel rooms over the next five years to 12,747 rooms.

The new incentives include classifying up to five enterprises under Tier 1 category per owner, instead of two enterprises, and a five-year classification under Tier 1 category starting from the date of license issuance.

Director-General of the Ajman Chamber of Commerce and Industry (ACCI) Salem Al-Suwaidi received Ambassador of Mexico to the UAE Luis Alfonso de Alba Góngora to discuss economic cooperation and explore trade and investment opportunities between the two countries.

Investors remain on edge as central banks hike interest rates to fight runaway inflation, but the monetary policy tightening could threaten to tip economies into recession.

The US in retaliation will begin formal trade talks with Taiwan by the autumn to show support for the democracy, despite not holding official ties with the government in Taipei. Taiwan has displayed its most advanced fighter jet in a rare demonstration in the wake of China's drills.

“OPEC is not behind this price increase,” said the secretary-general of the the influential group of producers Haitham Al-Ghais. “There are other factors beyond OPEC that are really behind the spike we have seen in gas (and) in oil. And again, I think in a nutshell, for me, it is...

The gold and jewelry sector in Saudi Arabia has recorded a 36 percent growth in sales as the economy shows signs of recovery

US Fed officials believe it will take some time to bring "unacceptably high" inflation back down near the two percent goal. And in this regard central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow the pace of the...

The UAE has exceeded international figures in 11 indexes on the best expatriate destinations based on various factors, which include language, bureaucracy, professional prospects, leisure options, travel, transport, job satisfaction, safety, healthcare, digital life, housing, wages and job safety, InterNations said. The German research firm in its report titled "Expat...

The government's Vision 2030 reform programme, designed to reduce the kingdom's dependence on oil, has also given the economy a boost as more Saudis join the workforce, particularly women, the IMF said.

Before the Covid-19 pandemic and the country's worst-ever economic crisis, 20 to 30 films were produced in Lebanon. Today, it is difficult to make one without a foreign partner.

The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares of Alphabet.

The MV Brave Commander left the Black Sea port of Pivdennyi and will sail to Djibouti "for delivery to Ethiopia", the infrastructure ministry said on Telegram. The ship is carrying 23,000 tons of wheat. It is the first ship chartered by the UN World Food Program (WFP) to leave Ukraine...

Extreme weather has become more frequent owing to climate change, scientists say, and this will likely grow more intense as temperatures rise, impacting economies and societies around the world. Multiple major cities in China have recorded their hottest days ever this year, and the country's national observatory issued a red...

The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying sources, and attracting local and foreign agricultural investment.

Kuwait's National Fund for SME Development (SME Fund) has helped resolve the problems of 132 small and medium-sized enterprises (SMEs) during Covid emergency, said its Director-General Adel Al-Hasawi Under instructions of the cabinet, the Fund is working on applications from 72 SMEs for benefiting from the act on stumbling projects....

According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of the year to the end of last week, compared to sales of some AED54.73bn during the same period.