Dubai, UAE--Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in September, according to data released by the Central Bank of Egypt (CBE) on Sunday. The monthly core inflation rate rose to 1.8 percent in October compared to 1.1 percent in...
Qatar records 17-percent jump in building permits issued in October
Doha, Qatar--Qatar's Planning and Statistics Authority has given out 769 building permits in various municipalities in the country during the past October, marking a 17% increase compared to the 655 building permits issued in the preceding month of September. According to the statement released today by the Planning and Statistics...
Kuwait chooses new ministers for oil and foreign affairs
Kuwait City, Kuwait— Kuwait has brought in a new oil minister in a new cabinet reshuffle after the September elections. Bader Hamed Yousef Al-Mulla was appointed as Kuwait’s new oil minister on Sunday as part of the Gulf country’s new cabinet. In the reshuffle, Salem Abdullah Al-Jaber Al-Sabah was appointed...
S&P says UAE non-oil economy posts growth in September
S&P Global's latest data reveals that the UAE has recorded a strong growth in business across the non-oil economy even as its Purchasing Managers’ Index slightly took a dive to 56.1 in September over the previous month.WETEX and Dubai Solar Show hosts 1,750 global companies
DEWA CEO said that the exhibition will introduce the world to the UAE’s achievements in the renewable and clean energy sector.
Shortages hit French and German industrial output
Industrial output fell in September in both France and Germany as delays in receiving materials hampered production, data released Friday showed.
Inflation spikes in Saudi Arabia, fueled by high food prices
The rate of inflation in Saudi Arabia spiked in September after being at the lowest level in August, according to official data.Lebanon may see complete blackout by month-end
Electricite du Liban, or EDL, is now capable of generating less than 500 megawatts from the fuel it secured through a deal with Iraq, and even that fuel is not of the correct grade. Iraq signed an agreement in July to allow the cash-strapped Lebanese government to pay for 1...
Natural Gas Distribution all set to list and trade on Nomu
The listing and trading of shares of Natural Gas Distribution on Nomu will start on September 22, as a direct listing, according to a bourse filing.
UAE to cut fuel prices from September 1
The United Arab Emirates will slash prices of petrol and diesel from September 1 amid the easing of Covid pandemic restrictions.
Cruises set to return to Abu Dhabi
In 2019, around 500,000 cruise visitors had arrived in the Emirate’s ports, marking a 46 percent increase compared to 2018 Abu Dhabi is also witnessing the development of several landmark projects Come September, Abu Dhabi will welcome cruise liners back after months of closure in 2020 due to the COVID-19...
