ABU DHABI, UAE – The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has formed a working group specifically for startups and small and medium-sized enterprises (SMEs) here.  This initiative aims to support and represent the interests of these businesses in the region.The goal is to make Abu Dhabi the...

Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve all obstacles facing the sector and align its development with the state's overall progress.This was stated by Chairman of Qatar Tourism Saad bin Ali bin Saad Al Kharji at a...

Athens, Greece-- The UAE and Greece have held talks in Athens on a wide range of economic and strategic issues to deepen the cooperation between the two countries.In this connection, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, held several bilateral meetings with...

ABU DHABI, UAE – The Emirates General Pension and Social Security Authority (GPSSA) has issued a circular to government and private sector employers, detailing the regulations for pension deductions and end-of-service gratuity in line with Federal Decree Law No. 57 of 2023.The circular included limiting the procedure of deduction from...

Dubai, UAE-- The UAE and Costa Rica have concluded negotiations to sign a comprehensive economic partnership agreement.In this connection, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Manuel Tovar, Minister of Foreign Trade of Costa Rica, have signed a joint statement to confirm the...

Doha, Qatar--Qatar's non-energy private sector registered broadly stable business conditions in December, the latest Purchasing Managers Index (PMI) survey data from Qatar Financial Centre (QFC) has revealed.Volumes of output, new business and backlogs of work were all largely stable compared with November levels, while employment growth was maintained, and the...

Amman, Jordan--The UAE and Jordan discussed enhancing trade and investment relations in order to stimulate joint economic growth and create more opportunities for cooperation between their business communities and private sectors.The discussions took place between in a meeting between Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign...

DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers that Cabinet Resolution No. (33/5W) of 2023 regarding the expansion of Emiratization targets will be in effect starting January 2024.Companies with 20-49 workers will be required to hire one UAE...

Abu Dhabi, UAE-- The third edition of the Investopia summit will be held in Abu Dhabi in February next year, drawing prominent local and international figures, investors, government officials, decision-makers and entrepreneurs.Al Marri announced the details of the upcoming edition of the Investopia summit to be held under the theme...

DOHA, QATAR – Qatar's non-energy private sector continued to experience improving business conditions at the start of the final quarter of 2023, according to the latest Purchasing Managers’ Index™ (PMI®) survey data from Qatar Financial Center (QFC).Output, new orders and employment all expanded in October, and the 12-month outlook remained upbeat.Moreover,...

ABU DHABI, UAE -  Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale, the conference's chief said on Monday, calling it a chance to "reimagine entire economies".Sultan Al Jaber, the COP28 president and head of state-owned oil giant ADNOC, was speaking at the...

Dubai, UAE-- Terming the circular economy as a critical pathway that builds a sustainable future by preserving natural resources, reducing waste, and promoting the conservation of resources at source, Mariam bint Mohammed Almheiri, Minister of Climate Change & Environment, emphasized that it not only promotes environmental sustainability but also presents...

MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping crises.The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to...

Doha, Qatar--Qatar's non-energy private sector witnessed strong expansion in August on the back of new orders in the manufacturing and financial services, according to the Qatar Financial Centre (QFC).The expansion rate was the third strongest so far in this year, according to the QFC's latest purchasing managers’ index (PMI) survey,...

The 14bn deal comes after years of turmoil for the company.

DUBAI, UAE -  Around 79,000 UAE nationals are working in the private sector, the Ministry of Human Resources and Emiratization (MoHRE) revealed on Sunday as the deadline for companies with 50 employees or more to achieve a one percent Emiratization growth in skilled jobs has ended.These numbers reflect the highest-ever...

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor Market Award, organized under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court.The award aims to recognize the efforts...

Cairo, Egypt-- A new survey has revealed that Egypt's non-oil private sector activity contracted for the 28th straight month in March.The S&P Global Egypt Purchasing Managers' Index edged down to 46.7 in March from 46.9 in February, well below the 50.0 threshold that marks growth in activity."At 46.7, the headline PMI...

While many women still believe they are not adequately compensated, men, in contrast, have a different view, with many saying women are paid the same as men.

Tokyo, Japan--The UAE and Japan are looking to increase economic, trade and investment cooperation, and explore new economic opportunities of common interest.This came at the Abu Dhabi Business Forum, which was organised by the Abu Dhabi Department of Economic Development following the conclusion of the 9th session of the Abu...

The Rothschild family is set to take its investment bank private as its holding company announced plans to buy out the shares it does not own. Concordia, which holds almost 40 percent of the capital of Rothschild & Co. said it was in negotiations with investors and banks to finalize...

DUBAI, UAE - The Innovation Talks series will bring together heads and representatives of Dubai government departments, and experts from major private sector companies to discuss how they can work together to develop a common vision for the future.The Innovation Talks series in Dubai forms part of the emirate's participation...

LOS ANGELES, US - Legendary Apollo 11 astronaut Buzz Aldrin, the second person to set foot on the Moon, said he had married his longtime girlfriend on Friday, his 93rd birthday.Aldrin and Anca Faur, executive vice president of Buzz Aldrin Ventures, were wed in a private ceremony."On my 93rd birthday... I...

Cairo, Egypt--Egypt’s President Abdel Fattah El-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from and turn over the private sector, a cabinet statement said.The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support package...

SHARJAH, UAE - The Environment and Protected Areas Authority in Sharjah (EPAA) announced an increase in participation in the 11th session of the Sharjah Sustainability Award for 2022-2023. There were 485 entries from university students, colleges and government, private and foreign schools from different regions of the country, and youth...

GENEVA, SWITZERLAND - The International Finance Corporation (IFC) and UNHCR, the UN Refugee Agency, Friday announced a joint initiative to create inclusive economic opportunities that will benefit refugees and their host communities. The initiative aims to mobilize private sector projects over the next five years to demonstrate the viability of...

Amman, Jordan— The Kingdom of Jordan intends to foster a "robust partnership" with the private sector of the country that plays a key role in propping up the economy and generate jobs. According to Minister of Industry, Trade and Supply and Minister of Labor Yousef Shamali, the government is serious...

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has launched the 'Abu Dhabi Smart Manufacturing Index', that guides and facilitates private sector players’ transition to Industry 4.0 technologies. This is a part of its initiatives and objectives set forth by the Abu Dhabi Industrial Strategy which...

The Ministry of Human Resources and Emiratization (MoHRE) of UAE announced that an 'Unemployment Insurance Scheme' for employees of the federal government and the private sector has come into force.

The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over 117 experts from government, semi-government and private sector gathered to discuss best practices to enhance the cyber resilience of the energy sector in the UAE and globally.

The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and prevent their accumulation of financial burdens.

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.

The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

The government is committed to expanding the management consulting services sector's participation in enhancing industrial production processes and facilitating access to global markets, said Youssef Shamali, Jordan's Minister of Industry, Trade and Supply.

The center will be a hub for high-net-worth individuals.

Qatar Chamber and the Jordanian Ministry of Labor discussed Tuesday ways to enhance bilateral relations and the private sector's role in enhancing cooperation between the two parties. This came during the meeting of Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari and Jordanian Minister of Labor Nayef Stetieh. The...

The Japanese firm will now weigh the possibility of going private.

Al Moammar and Saudi Fransi Capital sets up a private fund.

The non-oil private sector of Saudi Arabia has recorded more growth in March than it did in more than four years, driven by improvements in purchasing and supply deliver times.

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.

Qatari cabinet has approved draft social security and military retirement laws aimed at establishing "an effective social protection system for all Qataris to face the burdens of life, meet the aspirations of retirees and ensure a decent life for them and their families". The draft laws call for expanding the...

India's government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money, parliament said in a shock announcement late Tuesday.

Three Saudi private companies will go public, offering around nine million shares in IPOs, according to the Saudi Exchange market (Tadawul).

S&P Global Ratings has forecast that private sector lending will remain muted for one to two years in GCC countries. But, it added, that Saudi Arabia might buck the trend.

The plants are being built under the Privatization Program, one of the elements of Vision 2030, said Abdulrahman Bin Abdulmohsen Al-Fadhli, the minister of water.

The UAE has recorded a sharp growth in employment for the first time in more than three years, with a rebound in economy fueled by non-oil private sector growth in August.

Saudi Arabia is aiming to lure private investors into the health sector of the kingdom with its plan to take private participation from 25 percent to 35 percent by 2030.

In order to advance the digital infrastructure in the kingdom, Saudi Arabia will launch a $15 billion technology fund in partnership with private companies.

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments in public transportation, railways, and airport expansion in the next ten years. According to the kingdom’s transport and logistical services...

The main reason for the drop was the 11.7 percent contraction in the oil sector Private sector and non-oil sector report positive growth Saudi Arabia has reported a three percent drop in its Gross Domestic Product (GDP) in the first quarter of this fiscal as the oil sector reported sluggish...