Browsing: Business

The annual inflation rate in Lebanon is the highest in the world according to recently announced Bloomberg data. As the financial meltdown in the Middle East nation worsens, Lebanon’s inflation rate has risen to the highest of all the countries

As part of its ongoing efforts to highlight NEOM’s latest developments and explore investment opportunities, NEOM arranged a series of Discover NEOM events with investors and business partners in the United States. As part of the presentation, NEOM showcased the

Arab Monetary Fund (AMF) and African Export-Import Bank (Afreximbank) signed a Memorandum of Understanding (MoU) to set the groundwork for cooperation and interoperability between Buna, the cross-border and multi-currency payment system owned by the AMF, and the Pan-African Payment and

Kuwait is eager to strengthen its cooperation with the International Labor Organization (ILO), according to a Kuwaiti diplomat. The Permanent Representative of Kuwait at the headquarters of the United Nations and international organizations in Geneva, Jamal Al-Ghunaim, said he and

Arab Shipbuilding and Repair Yard (ASRY) signed a Memorandum of Understanding with ONEX Shipyards Greece to share knowledge and experience in maritime repair, technology, optimization, modernization and to explore future business opportunities. Kyriakos Mitsotakis, the Greek Prime Minister who was

Iraq’s Ministry of Electricity announced today that it intends to sign a new contract with Iran regarding gas supplies. In addition, it noted that the connection with Turkey has reached 100%. A government delegation is scheduled to visit Iran to

A total of $50 million has been transferred by Saudi Arabia to Jordan to support the budget. The decision is the result of close ties between the two Kingdoms, as well as Saudi Arabia’s pledge to support Jordan’s development projects

Dr. Saud Hamoud Al Habsi, Oman Minister of Agriculture, Fisheries and Water Resources held a meeting via video-conferencing with Dr. Hisham Saad Al Jadhey, CEO of the Saudi Food and Drug Authority (SFDA). The two sides discussed a spectrum of

Crown Prince Al Hussein bin Abdullah II of Jordan attended part of the National Economic Workshop, held at the Royal Hashemite Court under the theme – Advancing into the Future: Unleashing Potential to Modernize the Economy. The sessions he attended

National Marine Dredging Company (NMDC) posted a significant increase of 146 percent in net profit to AED65.4 million in Q1 2022, compared to AED26.6 million in the prior year. The group posted an increase in revenue of 33 percent to