South East Asia, Gulf and China three-way talks ‘response to call of times’
The trade-dependent economies are looking to insulate themselves after US President Donald Trump blew up global trade norms by announcing a slew of tariffs targeting countries around the world this year.
Israel signs defense agreement with Bahrain in Gulf first
Defense Minister Benny Gantz, making his first visit to Bahrain, said the memorandum of understanding, that covers intelligence, procurement and joint training, takes the countries' relationship to "new heights". Bahrain and the United Arab Emirates (UAE) normalized relations with Israel in Sept. 2020.Qatar ranks 2nd in Gulf countries on corruption perceptions index
The index draws its data from a number of indicators issued by reputable international organizations, such as the World Competitiveness Yearbook.5G fears: US airports land into trouble
In the United States, the 5G usage near airports have been opposed by many airlines, which claim that it may disrupt aircraft radar measurement devices, which inform pilots of the height of their aircraft above the ground. Several Arab countries, meanwhile, have already embraced 5G, and others are expected to...US values the role Kuwait plays as advancer of peace: Antony Blinken
US Secretary of State Antony Blinken affirmed that his country places "tremendous value" on the role that Kuwait plays as an "advancer of peace." Blinken was quoted by local media as saying, "Kuwait plays, an almost unique role that it plays as a facilitator, mediator, advancer of peace and leading...Crown Prince Salman-headed Group to develop Saudi gaming industry
Saudi Arabia has launched a group to develop its video gaming industry, state media reported Wednesday, as the kingdom seeks to diversify its oil-dependent economy. Video gaming and esports have grown in popularity in the kingdom of some 35 million people, the majority of whom are under the age of...S&P warns of fewer sukuk issues during 2022
Sukuk issuance volumes will not grow significantly in 2022 as global interest rates rise and funding needs for Gulf economies fall, according to a report from S&P Global Ratings.Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI
Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals.EU expects more GCC investors for its special program: Official
On 12th October 2021, the European Commission issued its first-ever NextGenerationEU green bondKuwaitis told to avoid European travel over Omicron surge
Kuwait has called on its citizens to avoid travel to several European countries hit hard by the Omicron coronavirus variant. In a series of statements overnight Sunday, the oil-rich Gulf state also urged Kuwaitis already there to return home because of the surge in cases on the continent. The foreign ministry...Several Gulf countries renew weather advisories after heavy rains
Authorities in several Gulf countries renewed weather warnings on Sunday as several days of heavy rains batter the usually arid region. Gulf countries usually experience mild winters, with the exception of rare and brief episodes of flooding rains between November and January. Such weather is highly disruptive in the region,...Saudi camel beauty pageant hit by cheating
The King Abdulaziz Camel Festival is an annual bedouin event held in the desert northeast of Riyadh that lures breeders from around the Gulf with prize money of up to $66 million.Queen Elizabeth II holds in-person meeting with Oman’s sultan
Queen Elizabeth II on Wednesday made a rare public appearance, hosting Oman's Sultan Haitham bin Tareq and his wife, Sayyida Ahad bint Abdullah, at Windsor Castle. The 95-year-old monarch has cut back on her engagements since an overnight hospital stay in October that raised fears for her health and prompted...Sheikha Fatima gets most influential figure in women’s rights award
The conference was organized by the ACSR, under the patronage of the Arab League.Reasons behind shortening UAE’s workweek
This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek to 4.5.Social insurance protection is for all GCC citizens, says UAE
As per the system, the insured will receive end of service benefits in accordance with the retirement law in the person’s own country.UAE’s curtailed working week rule welcomed
UAE is the first country in the world to offer a national work week that is shorter than the five-day global week, as well as the first Gulf country to do so.As thaw sets in, Qatar and Saudi Arabia review ties
Qatar's emir Sheikh Tamim bin Hamad Al-Thani and visiting Saudi Crown Prince Mohammed bin Salman discuss ways to support and enhance security and stability in the region.Coalition says record drugs haul seized near Gulf in 2021
The value of the drugs seized by the Bahrain-based Combined TCommander of CTF 150, Royal New Zealand Navy Captain Brendon Clark, said the drugs came from a number of countries around the region, without specifying. "It's all about maritime security operations... preventing illicit activity from non-state actors in the region,"...Iraq fishermen in fear of arrest from Iran and Kuwait
Iraqi fishermen live in constant fear of arrest by Iran or Kuwait for mistakenly straying across frontiers.Lebanese minister who sparked Gulf row to resign
The expected breakthrough coincided with a visit to the Gulf by French President Emmanuel Macron, who has spearheaded international efforts to help Lebanon out of its worst ever economic crisis. Macron started his two-day tour in Abu Dhabi but was also due to visit Qatar, which Michel Aoun also visited...The union is advantageous: Sheikh Zayed
The union amongst Emirates is just fine despite being a new experience for us. We did not adopt our neighbors’ experiences. We rather counted on our faith in our brethren rulers of the Emirates and in the importance of the union as a cordial solution to the problems of disintegration,...Saudi motorsports chief says F1 debut is ‘signal’ to the world’
The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after Saudi Arabia was announced as the wealthy Gulf region's latest F1 host.US Navy rescues Iran seamen from Gulf of Oman
A US Navy arrived also helped the Iranian seamen with food, water, and medical care.Lebanese currency sinks to new low on the black market
The Lebanese pound sank to a new low on the black market Wednesday, with no end in sight to the economic and political crisis plunging ever-growing numbers into poverty. According to websites monitoring the black market rate, the pound was trading at 24,000 to the dollar or 16 times less...Jordanian tourism income up 61.2% in first ten months of 2021
On a monthly level, the tourism revenues during October of 2021 rose by $302 million, reaching $352 million, compared with the same month of last year, owing to an increase of tourist numbers by about 278,000 visitors, raising the total to 322,000, the figures revealed.Dubai Index surges 80 percent, Saudi losses continue
Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs for 10 government-backed companies.This week, Gulf markets closed on a high
Stock markets in the Arab region were mostly in the green in the week gone by.UAE’s top golfer stays in contention for tourney
Ahmad Skaik, who is the sole representative of the host UAE and the Gulf region, said he was happy to be in the tournament still because had not been playing well.Lebanon PM Najib Mikati urges action to mend Gulf row, govt paralysis
The government is breaking at the seams over a series of disputes involving a probe into last year's monster port blast, and remarks by Information Minister George Kordahi over the Yemen war that sparked reprisals from Saudi Arabia and its allies.SHUAA’s insurance assets grow to $136m
The firm expects the assets to reach $500m within three years.50 Dutch companies arrive in UAE: Water, food, energy on agenda
Representatives of 50 Dutch companies, led by the Dutch Minister for Foreign Trade and Development Cooperation Tom de Bruijn, arrived in the UAE as part of a trade mission aimed at strengthening trade relations between the two countries. More than 350 Dutch companies currently operate in the UAE and they...How major Arab economies performed since 1975
At a time when the future of the global economy is going to change following the trends from regional economies, TRENDS Infographic of this week reviews the region's performance in terms of GDP growth between 1975 and 2021.UK and Gulf nations negotiate trade deal
"It brings me great joy and pleasure to officially announce the official launch of FTA negotiations between GCC countries and UK today," Zayed bin Rashid al-Zayani, Bahrain's minister of industry, commerce and tourism, said late Friday.Bahrain VAT rate hike may boost sales of UAE retailers
Bahrain plans to double its VAT rate to 10 percent, which is likely to drive its citizens to shop in the neighboring United Arab Emirates.EU aims to cement cooperation with Gulf states, says bloc’s foreign policy chief
DUBAI: The EU aims to cooperate with the Gulf states on climate change, global access to vaccines and supporting the 'green economy', the bloc's foreign policy chief has said. Josep Borrell, the 27-member European Union's representative for foreign affairs, will be holding talks with officials in Riyadh, UAE and Qatar...Fed policy tightening not at all bad for Gulf economies: Jefferies
The impending end of super-loose monetary policy from the Federal Reserve will have both positive and negative effects on the economies of the Arabian Gulf.Stock markets in GCC rise as oil prices gain
Most stock markets in the Gulf rose on Thursday as oil prices gained on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories, although the Abu Dhabi index bucked the trend to trade lower.Pageants, races drive camel cloning demand
Cloning is in demand not only for beauty pageants and races but also for reproducing camels that produce large amounts of milk.US defense secretary defers visit to Saudi Arabia
Austin traveled to the Gulf region earlier this week, a week after the chaotic US withdrawal from Afghanistan ended. He first went to Doha with Secretary of State Antony Blinken to visit the main base for the massive airlift set up by the United States out of Kabul.Israel mission in Dubai eyes Gulf oil deal
Environmentalists had voiced anger over the plan to ship Emirati crude to Israel's Red Sea port of Eilat.Climate change could turn Gulf cities unlivable
A new report by the UN's Intergovernmental Panel on Climate Change showed unequivocally that the climate is changing faster than previously feared. Experts warn that with higher temperatures and humidity towards the end of this century, parts of the Gulf will experience periods of "heat stress conditions that will be...Gulf workers’ top data skills least utilized by employers
A survey says making full use of the analytic expertise core requirement for the Gulf to continue competing globally.Gulf nations pledge to provide quality education
The Arab countries have vowed to continue to work for the achievement of the UN Sustainable Development Goal to ensure inclusive and equitable quality education.Monthly rent in Kuwait can eat up 38 percent of your income
Average monthly rent for a three-bedroom apartment in Kuwait is about 475 KD ($1579), according to a survey by a UK-based websiteBeirut costliest Middle Eastern city for expats, while cost of living eases in Dubai, Abu Dhabi
Abu Dhabi and Dubai fell 17 and 19 places respectively on Mercer Cost of Living Survey this year Riyadh remained most expensive Gulf city even as the cost of living fell in most part of the region this year While Beirut remained the third most expensive cities in the world...Lapid opens Israeli embassy in UAE, first in Gulf
Lapid's trip comes after the nations moved to normalise ties Israel, UAE have signed a raft of deals ranging from tourism to aviation Israel's top diplomat Yair Lapid opened the Jewish state's first embassy in the Gulf during a trip to the United Arab Emirates on Tuesday after ties were...Israel’s Lapid begins ‘historic’ UAE trip
Yair Lapid is the first ever Israeli minister to officially visit the UAE Since the normalization accord with the UAE was brokered by then US president Donald Israel's top diplomat Yair Lapid on Tuesday began the first ever official visit by an Israeli minister to the United Arab Emirates,...GCC-UK Trade Summit 2021 to boost trade, investment
Virtual event promises to catalyze a new era of economic collaboration Day-long summit will host discussions featuring high-profile investors from KSA, Gulf, and top experts from the UK The longstanding ties between the UK and the Gulf Cooperation Council are set to receive a major fillip as the biggest names...Those spreading rumours against Covid-19 vaccine will be punished: Oman health minister
He said most people who died of Covid-19 in the country in April were not vaccinated Oman has seen more than 257,000 Covid-19 infections, 2,848 deaths Oman’s Health Minister Ahmed Mohammed al-Saeedi told the country’s Supreme Committee on Thursday, June 24, that those who spread rumours against the Covid-19 vaccine...Europe-Gulf parliament talks soon, says top Kuwait lawmaker
The talks expected to address 'matters of mutual concern' The Palestinian cause is one of the key issues Lawmakers from countries from the Gulf and Europe are slated to come together soon for talks in Kuwait that will address "matters of mutual concern," said local reports recently, quoting Kuwait’s National...