Inflation is slowing down across MENA countries and should decelerate next year, Arab News quoted a report by Capital Economics. The economic research company reached this conclusion after the PMI surveys for September revealed a fall in the output prices components in the region. The Capital Economics noted the recent increase in inflation in the region … Read more
RIYADH: The global oil demand declined for the third consecutive month due to a resurgence of the Covid-19 cases in Asia, Arab News reported. Adjusted estimates of the global oil demand in the third quarter of 2021 by a reduction of about 200 kb/d since last month, the monthly report of IEA issued on Tuesday … Read more
A year has passed since Israel and the United Arab Emirates normalised ties in a US-brokered agreement, leading to a raft of deals ranging from tourism and aviation to cutting-edge technology. On September 15, 2020, the UAE became the first Gulf nation to establish formal relations with the Jewish state, and the third Arab country … Read more
DUBAI: The UAE leaders are set to announce 50 economic projects, with a focus on entrepreneurship, circular economy, and the fourth industrial revolution, as the country marks its 50th anniversary, Arab News reported. Dubai ruler Mohammed bin Rashid and Abu Dhabi Crown Prince Mohammed bin Zayed will announce the national projects on September 5. “The … Read more
ISLAMABAD: The Saudi Arabia Ministry of Hajj and Umrah affirmed its readiness to receive as many Umrah pilgrims as per the quota that had been agreed upon with various Islamic countries before the outbreak of the coronavirus pandemic. Dr Amr Al-Maddah, Saudi deputy minister of Hajj and Umrah, said that all the preparations to receive … Read more
DUBAI: Digital currency is going to play a big role in the global economy, a World Economic Forum (WEF) committee leader said, and nations need to pay attention to its unprecedented progress. “Somebody needs to be paying close attention to this space, and assessing on a weekly basis, what the national policy ought to be … Read more
ALAMEIN, (Egypt): In Egypt’s Mediterranean tourist resort city of New Alamein, beachgoers now start to enjoy riding car-like jet skis which were designed and built by a young man and his two friends. “I used to live abroad and I thought about designing the car and putting it up for sale in the Egyptian market,” … Read more
The Federal Authority for Identity and Citizenship (ICA) publicized the start of the first stage of issuing a new electronic version of the Emirates ID. According to the announcement made by the UAE officials, all sectors can use these electronic IDs while they wait for the issuance of the printed cards. If you desire to … Read more
A day after (Organization of the Petroleum Exporting Countries) OPEC and non-OPEC oil producers agreed to extend record oil production cuts until the end of July, Major stock markets in the Gulf rose sharply on Sunday. Media reports said that OPEC and other producers led by Russia, a grouping is known as OPEC+, demanded countries … Read more
