The retail giant sales surged, partly due to inflation.

Spanish Prime Minister Pedro Sanchez said Tuesday he hopes a gas pipeline linking the Iberian Peninsula to central Europe through France could soon become a reality. Europe is currently undergoing an energy crisis as it struggles to rapidly reduce its dependence on Russian gas following the invasion of Ukraine.

Dubai Electricity and Water Authority (DEWA) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons of carbon emission since its launch three years ago and till June 30, 2022.

Green hydrogen is in sharp focus as governments seek to slash carbon emissions amid record-high temperatures and to safeguard energy supplies hit by the invasion of Ukraine by oil and gas producer Russia. But the "hydrogen economy" has not fully kicked into gear awaiting significant uptake from high-polluting sectors like...

The Governor of the Central Bank, Mustafa Ghalib, received the US Ambassador to Iraq, Alina Romanowski, and her accompanying delegation.

A deal would mean that Iran's crude output of 2.5 million barrels per day would no longer be subject to international sanctions, which would help relieve supply constraints that have been pushing up prices.

The charge has been set at 2.419 cents per kilowatt hour, said Trading Hub Europe, a non-profit company of energy network operators in Germany.

The agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019, and $18 billion in 2020.

Bahrain has posted a budget surplus of $88 million in the first half of 2022, from a deficit of $1.38 billion a year earlier, the Ministry of Finance and National Economy said in its Mid-year Financial Report for 2022. Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National...

Saudi Arabia’s inflation rose to 2.7 percent in July 2022 compared to June, according to the General Authority for Statistics (GASTAT). Cost-of-living index for July rose to 107.20 points, according to the base year 2018, compared to 104.41 points in July 2021. The inflation is measured by the change percentage...

Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies, adding the Kingdom is committed to combating the menace.

The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public institutions' adherence to national integrity regulations and anti-corruption prevention standards.

The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase unique technologies and solutions related to the future of environmental sustainability and renewable energy.

Remote work seems to be here to stay, and digital transformation will continue to facilitate it. For companies that haven’t embraced it, now is the time to invest in the digital transformation strategies that enable remote work, and in the technologies that spur digital transformation, Kazak points out.

The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152 percent. Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days. This is issue number 256 of the short-term...

Saudi Arabia’s Real Estate Development Fund has signed more than 58,000 financing contracts for the kingdom’s various housing support programs during the first half of 2022. Mansour bin Madi, CEO of the Real Estate Development Fund, said one of the goals of the kingdom's transformative Vision 2030 is to raise...

Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery added to concerns about demand.

Blockchain at heart is a ledger, a way of storing transactions that is according to fans secure, transparent and permanent.

Kuwait recalled its ambassador and the United Arab Emirates downgraded relations with Iran after Saudi Arabia that year cut ties with its regional rival, with Bahrain following suit. That came after Iranian protesters attacked Saudi diplomatic missions in Iran following Riyadh's execution of Shiite Muslim cleric Nimr al-Nimr.

The world's second-biggest economy saw a bounce in business activity as some coronavirus restrictions eased in June, but the boost is fading and Beijing remains welded to a zero-Covid policy of snap lockdowns and long quarantines, which has battered sentiment.

Real GDP increased at a growth rate of 11.8% in Q2 2022, driven by the significant increase in oil activities by 23.1% while the non-oil activities increased by 5.4%

Since its launch in 2014, the WGES has succeeded in galvanising global efforts to promote the shift towards a green economy.

More than a year after it issued bonds for the Japanese market, Egypt intends to issue another tranche of international bonds worth $6 billion this year, according to media reports quoting a government official.

Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport and shared mobility clocked nearly 304.6 million during the first half of 2022.

The Saudi Central Bank (SAMA) said a study revealed that electronic payments increased from 44 percent in 2019 to 62 percent of all payments by volume in 2021.

Iraq has been ravaged by decades of conflict and endemic corruption. It is blighted by ailing infrastructure, power cuts and crumbling public services, and now faces water shortages as drought ravages swathes of the country

Water shortage has dealt a crippling blow to farming in the North African country as successive droughts exact a heavy economic cost.

According to the Kingdom’s Unified National Platform, the Kingdom has been moving toward the Saudi Vision 2030 by developing the trade sector and ensuring its sustainability.

The dollar's first-quarter increase of about 10% against a basket of international currencies may reduce the impact of imported inflation due to dirham's peg to the US currency.

The average natural gas consumption for Jordan's industries amounted to 24 million cubic feet (CF) per day during 2021, according to data released by Ministry of Energy and Mineral Resources.

A Jordanian-Moroccan hospitality and tourism training project will be launched in the Hashemite Kingdom as part of the strategic partnership between the two countries, Moroccan Ambassador Sidi Muhammad Khaled Al-Nasiri announced on Saturday.

President of the Swiss Confederation Ignazio Cassis, has received a written message from President Sheikh Mohamed bin Zayed Al Nahyan inviting him to visit the UAE.

The ministry stated that those who qualify to perform Umrah also include holders of US, UK and Schengen visas

The country's struggling economy needs to urgently secure more foreign currency in its $400 billion economy to plug gaping deficits.

The Ras Al Khaimah Chamber of Commerce and Industry issued its statistics for the second quarter of 2022, which showed that the value of exports of the chamber's members totaled $447 million.

A total of 2,433 real estate transactions worth $2.6 billion (AED9.7 billion) were conducted during the week ending 12th August, 2022, according to figures released by the Dubai Land Department.

The Competitiveness Office of Abu Dhabi, part of the Abu Dhabi Department of Economic Development, has officially launched the 'Abu Dhabi innovation incubators program' to support individuals wishing to turn their ideas into innovative commercial opportunities.

Dubai Airports has been named the winner of a Gold Stevie Award in the Most Innovative Workplace Redesign During COVID-19 category in the seventh annual Stevie Awards for Great Employers.

Saudi Arabia has launched new youth programs aimed at raising the number of qualified manpower in the field of economics, public policy and social sciences. The programs, which were launched by the Ministry of Economy and Planning on the International Youth Day, seek to reduce the gap between the skills...

The value of the trade-in commodities from normal metals and their products increased to AED24.51 billion, with a growth rate of 22 percent, compared to AED20.11 billion in 2021. The trade in pearls, gemstones, precious metals and their products has increased to 40 percent.

The ACCI witnessed the signing of a strategic partnership agreement to supply rosewater between Lavish Perfumes with Lecheq Farm Distillery to enhance cooperation in the field of essential oils’ production

Central Bank of Iraq announced that foreign exchange reserves rose to US$82 billion, while gold reserves exceeded 130 tons.

Upon the services launch, Mada and NAPS cardholders will be able to carry out POS transactions in the two countries through the Gulf Payments Network

The incident was the latest involving local banks and angry depositors unable to access savings that have been locked in Lebanese banks since the country's economic crisis began in 2019.

Ukrainian President Volodymyr Zelensky accused Moscow of "nuclear blackmail" as he urged the international community to react immediately to chase out the occupiers from Zaporizhzhia. "Only the Russians' full withdrawal... would guarantee nuclear safety for all of Europe," Zelensky said in a video address to the nation.

Football's top officials universally approved the decision, FIFA said in a statement while Qatar said it would give unspecified help to fans affected by the change. On the old schedule, Qatar against Ecuador was to be the official inauguration match on November 21 but Senegal against Netherlands would be the...

Tim Lenderking will travel to the United Arab Emirates, Oman and Saudi Arabia starting August 11, while members of his team travel to Jordan, hoping to secure an expansion of the UN-mediated truce between Yemen's warring parties. The efforts aim to "pave the way for a permanent ceasefire and an inclusive,...

No longer having access to potable running water, the villagers of Ouled Essi Masseoud rely solely on sporadic supplies in public fountains and from private wells. The situation is critical, given the village's position in the agricultural province of Settat, near the Oum Errabia River and the Al Massira Dam,...

Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday. Iraq signed an agreement in July 2021 to give cash-strapped Lebanon one million tonnes of fuel oil to help keep...

Abu Dhabi National Oil Company (ADNOC) signed a $1.17 billion (AED4.3bn) for hiring 13 self propelled jack-up barges to drive its offshore operational efficiencies. ADNOC Offshore awarded the five year contract to ADNOC Logistics & Services (ADNOC L&S). Over 80 percent of award value will revert to UAE's economy under...