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Friday, May 10, 2024

Economy

Barclays Bank CEO Rasha Badawi Says Diversification Aids Against Global Uncertainties

UAE Barclays Bank CEO Rasha Badawi says that the past few years has seen the region experience rapid growth and consumer confidence across multiple sectors.

Record-Breaking FDI for Major Infrastructure Development in Egypt

The agreement between Egypt and consortium ADQ is the largest FDI in Egypt's history, with USD 35 billion allocated for infrastructure development in Cairo.

Hungary Looks to Partner with UAE for Investment in Priority Sectors

Hungary signs an economic cooperation agreement with the UAE aimed at stimulating trade and investment flows between the two countries in Budapest this month.

Pakistan’s Rice Exports Surge Thanks to India’s Export Restrictions

Rice exports from Pakistan surged 85.8%, reaching USD 2.5 billion within eight months, largely due to India’s self-imposed restrictions on its own shipments.

Dubai Financial Market on Target to Becoming Top Four GFC

The Supreme Committee for the Development of Capital Markets and Exchanges in Dubai round-tabled the latest Dubai Financial Market review, and the results speak for themselves.

USD 31.4 Billion in Non-Oil Trade Between UAE and USA in 2023

US-UAE Business Council Chairman Danny Seabright says the volume of non-oil trade between the UAE and the United States of America rose to USD 31.4 billion in 2023 and is expected to continue to grow at the same pace in 2024.

Niger, Mali and Burkino Faso Signal Intention to Leave ECOWAS

The trio of West African countries have signalled their intention to leave the Economic Community of West African States and set up their own trading bloc, dubbed the Alliance of Sahel States.

Earth-Moving Equipment Demand Booms thanks to Saudi’s Vision 2030

The Saudi Arabia construction equipment market is expected to grow at a CAGR of 5.47% to 2029 thanks to its economic diversification program in renewable energies, gold, major projects and logistics.

Latest news

Qatar Hypermarket Launches Halal Thai Promo for Good Taste and Goodwill

Graced by Ambassador of Thailand to Qatar H E Sira Swangsilpa, and Lulu Hypermarket Regional Director Shaijan MO together with dignitaries from the Royal Thai Embassy in Doha, the Halal Thai Food Promotion launch aims to foster goodwill between the two countries and celebrate Thai culture and cuisine.
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Gas Monetisation a Strategic Focus as Libya Increases Exports to Europe

Libya has allocated USD 1.23 billion to develop the Hamada NC-7 concession in its latest budget, which was approved by Libya’s eastern-based parliament last month, according to a recent MEED report.

How PPP is Increasing Efficiencies Across Saudi’s Gigaprojects

UK legal firm Ashurst Senior Associates Jason Gouveia and Joanne McGuire discuss why concerns about whom ultimately bears the payment risk in a PPP arrangement becomes highly relevant in gigaprojects.

Must read

Cooks & Chefs, Mega Meals and Big Deals at Gulfood 2024

Gulfood 2024 hosted a line-up of Michelin-starred chefs who showcased a variety of culinary tricks from the traditional to the avant-garde.

Hatem Alakeel Says Good Design is Without Borders or Ideology

Saudi-based Designer Hatem Alakeel's threads are turning heads. His signature style merges highly structured lines with restrained detail on delectable fabrics. Think baroque meets mid-century modern, and you'll see why we're all in a tizz over Alakeel's east-greets-west whizz.
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Earth-Moving Equipment Demand Booms thanks to Saudi’s Vision 2030

The Saudi Arabia construction equipment market is expected to grow at a CAGR of 5.47% to 2029 thanks to its economic diversification program in renewable energies, gold, major projects and logistics.

The Potential is Undeniable, But Nobody Eats Potential

African Development Bank Group President Dr Akinwumi Adesina makes an impassioned plea at the World Economic Forum “Food and Water for All” panel discussion in Riyadh this week.

Taiwan Caters to Muslim Tourists, Tastes and Travellers

Writer Arrif Zikri takes us on a whirlwind tour of six must-visit Muslim-friendly hotels and restaurants in Taiwan.