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Business

Manama named 2024 GCC Tourism Capital

The 7th meeting of the ministers responsible for tourism in the Gulf Cooperation Council (GCC) countries kicked off today in the city of Jabal Al-Akhdar in the Sultanate of Oman.It is organised and hosted by the Ministry of Heritage and Tourism in Oman…

Sharp deceleration expected for MENA economies in 2023

Growth of the economies in the Middle East and North Africa (MENA) is expected to fall sharply this year. The region’s gross domestic product (GDP) is forecast to plummet to 1.9 percent in 2023 from 6 percent in 2022, due to oil production cuts amidst …

Bahrain All Share Index closes higher

Bahrain All Share Index has closed at 1,935.13 points marking an increase of 1.69 points above the previous closing.This increase was due to the rise in the Consumer Discretionary Sector and Financial Sector.Bahrain Islamic Index has closed at 725.84 p…

OPEC to launch World Oil Outlook ’23 Oct 9 in Riyadh

Organization of Petroleum Exporting Countries (OPEC) announced that it will launch 17th edition of its World Oil Outlook (WOO) on Monday, October 9, in Saudi Arabian capital of Riyadh.Saudi Minister of Energy Prince Abdulaziz Bin Salman will be partici…

Algeria aims to develop leading tourism industry

Minister of Tourism and Crafts Mokhtar Didouche said on Thursday evening in Algiers that Algeria, with its enormous tourist assets, aimed to develop a leading tourist industry that would contribute to the country’s prosperity.Source: Algeria Press Service