Author: Steven Sahiounie

RIYADH: 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. 

RIYADH: 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. 

RIYADH: 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. 

RIYADH: Saudi Arabia experienced an 11 percent increase in non-oil revenues, reaching SR457.73 billion ($122.06 billion) in 2023 compared to 2022, official data showed.  

European Parliament member Biljana Borzan has urged the legislative body to look into the phenomenon of ‘skimpflation’, which she says began with the Ukraine conflict

The coal-to-gas pivot by industrial consumers across Asia is gathering pace, according to the energy giant

The volume of investable assets held by individuals in the group will skyrocket over the next decade, according to Henley & Partners

Danish shipping major AP Moller-Maersk is advising customers to prepare for a prolonged Red Sea crisis that could stretch well into the second half of this year, CNBC reported this week. 

A Syrian delegation, headed by Assistant Minister of Administrative Development, Sanaa Lakhouj, participated in World Government Summit held in United Arab Emirates(UAE) under the slogan “shaping the future of Governments.” The summit was held with the participation of heads of states and governments, and more than 80 international and regional organizations, in addition to 120 government delegations and an elite group of thought leaders and global experts. The Summit ( WGS ) focuses on shaping a better future for humanity and highlights six main themes and 15 global forums exploring major global future trends and transformations through over 110 key…

China’s foreign minister urged his Canadian counterpart to “stop hyping the ‘China threat theory'”, stressing that the two nations are not ‘rivals’. Chinese Foreign Minister Wang Yi on Saturday assured his Canadian counterpart Melanie Joly that their countries were “not rivals, let alone enemies”, as fear of ‘foreign interference’ fears in Ottawa weigh on a tense bilateral relationship. The two met in Germany on the sidelines of the Munich security conference in Germany, where Wang addressed the gathering of 180 leaders and defense chiefs, vowing that China would be a “force for stability” in the world. It is worth mentioning that Beijing and…