News

Saudi Arabia’s private sector-led economic growth beyond Vision 2030 target

Saudi Arabia’s booming private sector will drive the economy beyond the Vision 2030 target of SR6.4 trillion ($1.7 trillion), according to the investment minister. Speaking during a panel discussion at the second edition of the Public Investment Fund’s Private Sector Forum, Khalid Al-Falih noted that 65 percent of the Kingdom’s gross domestic product will come […]

Moroccans’ International Travel Expenditures Rise by 23.4%

8/02/2024

Moroccans’ international travel expenditures have increased by 23.4% in comparison to 2022, according to a recent Foreign Exchange Office’s report on foreign exchange indicators. Expenditures for Moroccans traveling abroad jumped to MAD 23.76 billion ($2.37 billion) at the end of last year, increasing by about MAD 4.5 billion ($0.45 billion), compared to the year before. […]

GCC travel and tourism: On a steady path to growth

7/02/2024

GCC region’s travel industry has rebounded strongly, surpassing 2019 tourist arrival levels by 15 per cent in Q1 2023, outperforming Europe. The UAE’s tourism sector is expected to contribute nearly Dhs181bn in 2023, just 1.5 per cent below pre-pandemic levels, with substantial job creation. The UAE has for a long time been a key market […]

Kuwait devises project plan for 2024-2028

7/02/2024

Kuwait’s cabinet has devised a five-year blueprint for 2024-2028 comprising major projects that will support the OPEC member’s economic diversification plans and expand its sources of income, a newspaper has said. The blueprint, which comprises only feasible and high-return projects, will soon be presented to Parliament for endorsement, the Arabic language daily Alqabas said. The […]

Fiat Algeria delivered 16,000 vehicles last January, with sustained sales momentum for 2024

7/02/2024

In a press release issued on Tuesday, Fiat Algeria revealed that it had delivered 16,000 passenger cars and commercial vehicles to its customers last January. “Fiat also confirmed that it had taken delivery of the “vehicle in the same month as the order, this year”. “Fiat Algeria said that 60,000 cars had been delivered in […]

EU’s Rebuild Project discusses with Libya 

6/02/2024

The EU’s Rebuild project is discussing with Libya ways to open new horizons of cooperation in the field of marine fishing, environmental sanitation, capacity building, and scientific research. The discussions took place last Sunday (4 February) between the Tripoli based Libyan government’s Minister of Local Government, Bader Aldeen Al-Tumi, with the European Union Ambassador, Nicola […]

Iraq to award waste-to-energy project

6/02/2024

Iraq will soon award a contract for its first waste-to-energy project in the capital Baghdad after several global companies submitted bids, an official has said. The project will use nearly 3,000 tonnes of waste to generate electricity and sell it to the government, which has been locked in a drive to tackle a persistent power […]

Jordan’s Ministry of Agriculture mulls project to increase green cover using wastewater

5/02/2024

In bid to increase green cover in desert areas and in urban areas, the Ministry of Agriculture is planning to launch a project to utilise fuel stations wastewater to plant fast-growing trees, beginning with the Desert Highway. The project is to be implemented jointly with the Energy and Minerals Regulatory Commission (EMRC). The project was […]

UAE, Saudi and Qatar rank among top 10 emerging markets for logistics – Agility

5/02/2024

The UAE, Saudi Arabia and Qatar have remained among the world’s top 10 emerging markets for logistics, according to a new report released on Tuesday. The UAE landed the third position in the 15h annual Agility Emerging Markets Logistics Index, which ranked 50 markets around the world for overall competitiveness based on factors that make […]

Jordan’s Ministry of Digital Economy and Entrepreneurship Launches JordanSource Platform

We are pleased to circulate the informative note received from the Embassy of the Kingdom of Jordan in Rome to inform that Jordan’s Ministry of Digital Economy and Entrepreneurship has established a platform (JordanSource – https://jordansource.com / ) with the intent to: Link: https://jordansource.com/en

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