Browsing Category
Business
UAE ranks first regionally and 19 globally in attracting FDI
The UAE has been ranked first in the Arab world and 19th globally for its ability to attract foreign direct investment (FDI) inflows by the World Investment Report 2022 issued by the United Nations Conference on Trade and Development…
DP World and Saudi Ports Authority ink deal to develop Jeddah Logistics Park
As part of a 30-year agreement to build a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port, DP World and the Saudi Ports Authority (Mawani) strengthened ties between the UAE and Saudi Arabia and demonstrated Dubai's…
India and EU begin extensive free trade negotiations again after nine years
India and the EU are resuming negotiations for the India-EU Free Trade Agreement after a nine-year lull. A joint event held at the EU HQ in Brussels by Indian Commerce Minister Piyush Goyal and Valdis Dombrovskis, the Executive…
CBJ calls on local banks to keep payments for loans unchanged
It was reported recently that the Central Bank of Jordan (CBJ) has issued a circular calling upon local banks to keep unchanged the terms of loans granted to individuals. With the CBJ's decision, individuals will no longer have to repay…
UAE participates in St. Petersburg International Economic Forum
UAE Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications Omar bin Sultan Al Olama is participating in the 25th St. Petersburg International Economic Forum (SPIEF) from 15th-18th June, 2022. In his…
Gold prices plummeted globally following the US interest rate hike
The price of gold inched lower on Thursday as the dollar recovered in the wake of the US Federal Reserve's approval, in line with many analysts' expectations, of a 75-basis-point interest rate increase - its largest in over two decades - to…
UAE Ministry of Economy prohibits Indian wheat exports for four months
A cabinet resolution has been issued by the UAE Ministry of Economy imposing a four-month moratorium on the export and re-export of wheat and wheat flour originating in India, including free zones, beginning 13th May 2022. The resolution…
Largest RO desalination plant in the world hits 50 percent output
The Emirates Water and Electricity Company (EWEC), has announced that 50 percent of the capacity of its reverse osmosis plant in Taweelah has been reached for producing desalinated water using low-carbon-intensive RO technology. Taweelah…
WTO urges members to meet the needs of women entrepreneurs at MC12
The World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala said that members of the WTO need to step up efforts to ensure that trade and trade rules better serve women in the face of multiple crises at a joint event with the…
OPEC Fund for International Development lends $40 million to Kosovo
The OPEC Fund for International Development (OFID) has extended a $40 million loan to Kosovo to support the Public Finances and Economic Growth Programme. In the energy and waste management sectors, the comprehensive plan will enhance…