Inflows of foreign direct investment (FDI) into the UAE increased by 3.9 percent in 2021 compared to 2020, reaching nearly AED 76 billion ($20.7 billion). This resulted in the total FDI balance in the country reaching nearly AED 630 billion (US$171.6 billion) by the end of 2021, an increase of 13.7 percent over 2020. FDI into the country has grown by 116 percent over the past ten years, while the total value of those investments has grown by 113 percent. The UAE Minister of Economy, Abdullah bin Touq Al Marri, said that the distinguished result is one of the latest…
Author: menewscast.com
A statement was made by the Deputy Prime Minister of the Lebanese government, Saadeh al-Shami, to announce the bankruptcy of the state and the Central Bank of Lebanon, and that the losses will be distributed among the state, the Banque du Liban, banks, and depositors within Lebanon. According to statistics provided by the United Nations, 82 percent of the Lebanese population are now living below the poverty line. This ranks Lebanon joint with South-Sudan (82 percent) as the poorest nation in the world followed by Equatorial Guinea (77 percent) and Madagascar (71 percent). There is an estimated 40 percent unemployment…
Egypt’s President Abdel Fattah al-Sisi ordered that Nasser Institute Hospital be converted into a scientific research center and integrated medical city. Sisi met with Egyptian Prime Minister Mostafa Madbouly, Minister of Higher Education and Scientific Research Khaled Abdel Ghaffar, and Advisor to the President of the Republic for Health Affairs, Mohamed Awad Tag Eddin, to discuss the most significant national projects in the health, higher education, and scientific research sectors, the presidency’s official spokesperson said. The Nasser Institute needs to be developed comprehensively to improve its capacity, increase efficiency of its infrastructure, and ensure its medical services are sustainable, Rady…
Al Khor Stadium in Al Khor Qatar will host the opening match of the FIFA World Cup 2022 between hosts Qatar and Ecuador on November 21. Qatar, who will make their World Cup debut at home, will also face Senegal and three-time runner-up The Netherlands in Group A. At the Doha Exhibition and Convention Center, the Final draw was held after a short live performance showcasing Qatar’s culture and modern development. The ceremony featured Arab culture references and surprises such as the unveiling of the official mascot La’eeb, the launch of the official soundtrack, and the premiere of the single…
Her Majesty Queen Rania’s first group of Umrah pilgrims will travel to Saudi Arabia today (Tuesday) for the holy month of Ramadan. Families of martyrs, retired military women, activists in community service, beneficiaries of charitable and cooperative societies, as well as civil society organizations and a number of young volunteers were among the selected 550 female participants from all governorates of the Kingdom. There will be four groups traveling by plane during the mission. Today and tomorrow, the first and second groups will depart from the governorates of Amman, Irbid, Balqa, Mafraq, Tafileh, Ma’an, and Aqaba. Third and fourth groups…
The Secretary-General of the Organisation of Islamic Cooperation (OIC) Hissein Brahim Taha has welcomed the decision announced by the de facto authorities in Kabul to outlaw all poppy harvesting. Narcotics are also banned from being manufactured, traded, and transported according to the order. As indicated by the Secretary-General, the ban on poppy cultivation is in line with the commitment of the Afghan government to implementing effective drug control measures. As part of Afghanistan’s assistance and reconstruction drive, the OIC Secretary-General emphasized the cultivation of alternative high-value crops and rehabilitation programs for drug-addicted Afghans. Around 90 percent of the world’s opium…
Export Bahrain has signed two strategic Memorandums of Understanding (MoUs) with Bosnia and Herzegovina Friendship and Business Society and Bosna Bank International (BBI) to facilitate Bahraini businesses in accessing European and global markets. In addition to promoting economic and technological cooperation between Bahraini companies and Bosnia and Herzegovina, the agreements aim to draw attention to and promote Bahrain-made products and services among regional and international buyers. These strategic partnerships will benefit Bahrain’s exporters as a promotional tool and a pathway to the European market, and will also provide opportunities to exchange knowledge, expertise, and market regulations between the two countries.…
Jordan’s Deputy Prime Minister and Minister of Foreign Affairs and Expatriates, Ayman Safadi and Russian Foreign Minister Sergey Lavrov on Monday evening held bilateral talks in a meeting that followed the Arab Ministerial Contact Group meeting with Lavrov to discuss ways to solve the Ukrainian crisis. There was extensive discussion regarding future prospects between the two ministers. Lavrov and Safadi also discussed regional issues, including the Palestinian issue, and efforts to find a political solution to the Syrian crisis. During their meeting, Safadi stressed the need for Israel to stop illegal actions undermining two-state solutions, which both ministers agreed is…
Khaled Abdel Ghaffar, Egypt’s Acting Minister of Health and Population, met with Jeremy Hopkins, UNICEF’s representative in Egypt, to discuss ways to strengthen cooperation between the two organizations. During the meeting, plans were discussed for the next five years, starting in 2023, and the importance of addressing the mental health of children, especially those with autism and attention deficit hyperactivity disorder (ADHD). In coordination with the General Secretariat for Mental Health and Addiction Treatment, the cooperation plans aim to train medical teams to treat children and educate their families. Among the topics discussed at the meeting were the restructuring of…
An international consortium consisting of OQ, InterContinental Energy and EnerTech has announced progress in the development of the Green Energy Oman (GEO) integrated green fuel project. The project aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-neutral green hydrogen annually. Najla Zuhair Al Jamali, OQ’s Executive Manager of Alternative Energy, explained that GEO has been at the forefront of implementing large-scale green fuel projects, making Oman one of the leading countries implementing similar initiatives. Wind and solar energy will be utilized to generate green fuels…