Economy News

AUS Professor’s Research on Smart cities and IoT-based platforms contributes to United Nations’ Sustainable Development Goals

American University of Sharjah (AUS) continues its commitment to research that positively impacts society, as renowned professor and researcher Dr. Abdul-Rahman Al-Ali publishes research on smart cities applications and...

UAE Launches ‘Naseej’ Initiative to Advance Textile Circularity and Reduce Waste

The United Arab Emirates (UAE) has launched Naseej, the National Initiative for Textile Circularity, marking a significant step...

NCTO Supports Congressional Push for Stronger US Textile Customs Enforcement

The National Council of Textile Organizations (NCTO) has welcomed a bipartisan effort in the US House of Representatives...

GID Textile Egypt Targets $500 Million in Exports with Major Expansion Plans

Egypt is set to strengthen its position as a regional textile manufacturing hub as GID Textile Egypt Group...

India–Oman CEPA Opens New Export Opportunities for Textile and Apparel Industry

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to provide a significant boost to...

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Turkey, Qatar, Iran to discuss land trade routes

Ankara, Doha and Tehran will discuss land trade routes on the sidelines of the oath-taking ceremony of Iran’s president-elect Hassan Rouhani on Saturday, Turkish Economy Minister...

RBI keeps repo rate unchanged at 6%

In its sixth bi-monthly Monetary Policy Statement for 2017-18, the Reserve Bank of India (RBI) has kept the policy repo rate under the liquidity...

Iran’s Rouhani sees major economic growth next year

Iran’s President Hassan Rouhani promised high economic growth as he laid out next year’s budget on Sunday, despite uncertainty over whether the United States...

The sorry tale of Iran’s duped investors

With the recent bankruptcy and collapse of banks, financial institutions and the social security system in Iran, millions of domestic deposit holders and investors...

Expo 2020 awards $182m contract for two pavilions, access road

Expo 2020 Dubai has awarded two major construction contracts worth AED 670 million ($182.4 million) to UK-headquartered international building company Laing O’Rourke to build...

Chabahar port phase-I opens, to boost India-Iran trade

Iranian President Hassan Rouhani inaugurated the first phase of the Chabahar port, called the Shahid Beheshti port, in the Sistan-Balochistan province on December 3,...

Delhi world’s 7th most expensive premium office location

Delhi figures among the world’s top-10 most expensive locations for premium office rents, while Mumbai makes it in the top-20, according to JLL’s latest report....

Saudi, UAE to boost cooperation in trade and investments

The UAE and Saudi Arabia are intensifying cooperation to boost investment and trade with select initiatives identified, top government officials said on Wednesday. Exemptions...

Saudi Aramco-Hyundai JV to create 650 jobs

Manufacturing facility will be co-located with the $5.2 billion maritime yard in Ras Al-Khair State-owned oil giant Saudi Aramco  (Saudi Arabian Oil Co) will create...

Iran, Afghanistan sign $2-million contract

During the 2nd Iran-Afghanistan joint economic exhibition, Iranian and Afghan businessmen and firms inked contracts worth $2m, Iranian Commercial attaché in Afghanistan said. Mohammadreza Karim...
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