Nearly 5% of its workforce will be hit by the cuts.
Russian foreign minister to speak at Valdai Middle East Conference
MOSCOW, RUSSIA - Russian Foreign Minister Sergey Lavrov will take part in the 13th Middle East Conference of the Valdai Discussion Club to be held on February 13-14, the club told TASS. “About 50 foreign and Russian experts and current political figures from 16 countries, including Algeria, the UK, Egypt,...
US implores Sudan fighters to halt advance on aid hub
As per UN figures, nearly half a million displaced people have sought refuge in Sudan's Al-Jazirah state, more than 86,000 of them in its capital. However, fighting between Sudanese armed forces and the paramilitary Rapid Support Forces (RSF) overran the city on Friday, leading the UN humanitarian agency to suspend...
CBUAE foreign assets inch up to US$161.22bn in June
Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has revealed that its total foreign assets increased to $161.22 billion at the end of June, from $160.70 billion in May. The UAE's current account balances and deposits with banks abroad amounted to $99 billion by the end of...
4.4m travel by SAR in H1 2023
Train trips in H1 2023 rose 46 percent compared to H1 2022.
Jordan-Egypt trade expands to US$355.43m in first five months of 2023
Amman, Jordan--Trade between Jordan and Egypt expanded to $355.43 million in the January-May period of the current year, according to official figures. However, foreign trade data issued by the Department of Statistics (DoF) indicated that the national exports to Egypt in the first five months of 2023 dropped to reach...
Dubai’s weeklong real estate transactions exceed US$4.2bn
DUBAI, UAE - A total of 4,048 real estate transactions worth over US$4.2 billion (AED 15.6 billion) were conducted during the week ending 23rd June, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 278 plots were sold for US$473 million (AED 1.74...In spite of US sanctions, Iran’s crude oil exports break five-year record
Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the export of crude oil in 2023 to China, Syria, Venezuela, according to reports. According to media reports, Iranian crude shipments continued to rise in 2023 with higher shipments to China,...
Eurozone in recession after two successive quarters of shrinking GDP
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed. Eurostat revised down an earlier forecast that had predicted slight growth, after economic powerhouse Germany said last month it had fallen...
Abu Dhabi GDP grew by 9.3 percent in 2022, says SCAD in estimates report
ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report for 2022, unveiling a remarkable 9.3 percent growth by the end of the year, compared to 2021. The new figures position the Emirate as the fastest-growing economy in the Middle...German inflation eases to 7.4% in March as high energy prices slide
Berlin, Germany--Inflation in Germany eased to 7.4 percent in March, mainly thanks to government measures to bring down energy prices, final figures showed on Thursday. The data from federal statistics agency Destatis confirm a downward trend since annual inflation peaked at 10.4 percent in Europe's biggest economy in October -- revised...Key Iran opposition figure calls for fundamental change
TEHRAN, IRAN - One of Iran's main opposition figures, Mir Hossein Mousavi, has called for the "fundamental transformation" of a political system he said was facing a crisis of legitimacy amid protests triggered by Mahsa Amini's death. "Iran and Iranians need and are ready for a fundamental transformation whose outline is...
Over 2m riders used public, shared transport during New Year’s Eve in Dubai
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means and taxis during the New Year’s Eve 2023. The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders. The breakdown of ridership was as follows:...Jordan’s real estate trading up 23% in January-October of 2022
AMMAN, JORDAN - Jordan's real estate trade picked up by 23 percent to US$6.8 billion (JD4.875 billion) in 2022's January-October period, in comparison to figures reported in the same period of 2021. The Department of Land and Survey (DLS) revealed on Monday that the state's revenue from the real estate...
Saudi Arabia’s overall exports in May 2022 was US$38.5bn
The Kingdom of Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021, the General Authority for Statistics (GASTAT) revealed.
Lebanon telecom ministry’s budget to be based on two figures: Minister
Lebanon telecommunications ministry's budget would be based on two figures instead of one within the framework of the new state budget, said telecoms minister Johnny Corm. Corm said the first figure took into consideration the possibility of continuing to charge consumers the same current tariff, which is based on the...
