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UAE nears $1tn in non-oil foreign trade in 2023
UAE’s non-oil foreign trade reached a record-breaking 3.5 trillion dirhams ($953 billion) in 2023, significantly increasing from the 2.2 trillion dirhams recorded the year before.
Trade between the country and its top 10 crucial foreign…
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Saudi Arabia’s holdings in US treasuries reach $131.9bn in December
Saudi Arabia’s holdings in US treasuries increased for the fifth consecutive month, rising by 2.96 percent to $131.9 billion in December from November.
Data released by the US Treasury Department placed Saudi Arabia at the 16th spot…
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Qatar inflation dips 1.3% in January 2024: PSA data
Qatar experienced a 1.3 percent decline in inflation in January compared to December 2023, driven by decreased prices for communication and recreation, official data showed.
According to the report released by the country’s Planning and…
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Red Sea destination offers fastest mobile internet speeds worldwide
The average speed for internet connectivity at the Red Sea destination is 86 percent faster than the top-ranked city globally for December 2023, a recent report has confirmed.
In their analysis, Ookla, a US-based company specializing in…
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China’s first homegrown airliner makes international debut in Singapore
China’s challenger to Airbus and Boeing’s passenger jets, the narrow-body C919 manufactured by the Commercial Aircraft Corp. of China, or COMAC, has made its first trip outside Chinese territory, staging a fly-by at the Singapore Airshow on…
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Local communities must be at heart of tourism strategies, says top industry official
Tourism authorities must uphold their responsibilities to local communities as the sector grows and expands, a top industry official has insisted.
Raki Phillips, CEO of the UAE-based Ras Al Khaimah Tourism Development Authority, said his…
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Egypt, Brazil sign deals on meat exports, science and tech cooperation
During his official visit to Cairo on Thursday, Brazilian President Lula da Silva witnessed the signing of two key agreements with the Egyptian government. President Abdel Fattah El-Sisi also attended the signing ceremony.
The first…
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Saudi Arabia, Oman to boost collaboration in civil aviation
Collaboration efforts between Saudi Arabia and Oman’s civil aviation sectors are on course to boom as the two countries discuss areas of cooperation.
The Kingdom’s Civil Aviation Authority held a meeting with its Omani counterpart to…
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Saudi Arabia’s insurance industry set to surpass $22bn by 2028: Global Data
Saudi Arabia’s insurance industry is projected to experience a compound annual growth rate of 5.2 percent until 2028, reaching SR83.7 billion ($22 billion), a study showed.
This growth, up from the current SR68.3 billion in 2024, is…
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Saudi Arabia, Georgia sign deals to boost economic cooperation
Bilateral trade relations between Saudi Arabia and Georgia received a boost with the signing of four agreements focusing on industry, energy, and culture during a business forum in Tbilisi.
The deals that were signed during the…
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