Trade facilitation committee for the Greater Arab Free Trade Area held Wednesday its 14th meeting chaired by Kuwaiti Finance Ministry Acting Undersecretary Talal Al-Nemash.Chief of economic integration directorate at the League of Arab States, Bahjat A…
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Discussing plans of Renewable Energy Committee of Federation of Commerce and Industry Chambers
A meeting held today, Wednesday, at the General Federation of Chambers of Commerce and Industry discussed the plans and programs of the Federation’s Renewable Energy Committee.The meeting reviewed the preparation of a list of companies working in renew…
AD Ports Group delivers 66% revenue growth in Q2’23
ABU DHABI, 14th August, 2023 (WAM) — AD Ports Group today announced its financial results for the second quarter of 2023 (Q2’23), reporting revenue growth of 66 percent year-on-year (YoY) to AED 2.1 billion, driven by volume growth in key sectors, bus…
GASTAT: Inflation at 2.3% in July 2023
The Consumer Price Index (CPI) report for July 2023, issued by the General Authority for Statistics (GASTAT), showed a 2.3% increase over July 2022, down from 2.7% in June 2023, remaining relatively stable on a monthly basis for 2023. This stability i…
Cabinet okays proposal to pay social allowance to owners of micro-enterprises
The Cabinet on Monday approved a ministerial proposal to pay monthly social allowance and children allowance to Kuwaiti owners of micro-enterprises.The Cabinet approved granting monthly social allowance and children’s allowance to Kuwaiti owners of mic…
KIB makes KD 6 mln in profit, 88% growth
Kuwait International Bank (KIB) made almost KD 6 million of net profit, as well as an 88-percent growth, attributable to shareholders, said the lender’s chair With earnings per share (EPS) standing at 2.87 fils, KIB Chairman Sheikh Mohammad Jarrah Al-S…
Saudi Stock Exchange Main Index Ends Trading Lower at 11493 Points
The Saudi Stock Exchange main index ended trading lower today, losing 52.33 points to close at 11493.82 points.The total value of trading reported was SAR 5.9 billion, while the total number of shares traded was 232 million.The Saudi Parallel Market I…
World Economic Forum selects Omar Al Olama for Steering Committee in AI Governance Alliance
DUBAI, 14th August, 2023 (WAM) — The World Economic Forum announced the selection of Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Director-General of the Prime Minister’s Office, fo…
Ma’aden Result Report for Q2 2023 Shows SAR6.97Bn Revenues
The Saudi Arabian Mining Company (Ma’aden) today issued its financial results for the second quarter of 2023, showing total revenues of SAR6.97 billion.Ma’aden’s focus on transformation underpinned by higher fertilizer production helped it secure new …
Oil prices rise, supported by demand expectations
Oil prices rose, after the International Energy Agency expected record global demand and shrinking supplies, which prompted oil to achieve gains for the seventh week in a row, in the longest series of gains since 2022.According to Reuters, Brent crude …
COP28 President-Designate visits Barbados, meets with Prime Minister, leaders of Caribbean Community to keep focus on reforming climate finance
BARBADOS, 11th August, 2023 (WAM) — Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP 28 President-Designate, has visited Barbados to meet with Prime Minister Mia Motley and address distinguished leaders of the Caribb…
Tourism Night Revenues Increase from Pre-pandemic Level for Second Straight Month in June in Bulgaria
Revenues from nights spent by tourists at accommodation establishments in Bulgaria in June 2023 were above the pre-pandemic level in the same month in 2019, just as it was in May 2023 compared with May 2019, Bulgarian News Agency reported.In June 2023,…