Kuwait has discovered two new oil fields within the country, its Minister of Oil and Minister of Electricity and Water Mohammad Al Fares confirmed on Monday, January 4. The discoveries were made in …
Oman outlaws single-use plastic bags
The Environment Authority (EA) of Oman has reportedly confirmed the ministerial decision 23/2021 to ban single-use plastic shopping bags in…Read …
Gov’t approves new economic plan for small businesses
The plan was agreed upon by Alternate Prime Minister Benny Gantz and Finance Minister Israel Katz, in coordination with Prime Minister Benjamin Netanyahu.
Tesla to Win Approval for Direct Car Sales in Israel
Tesla has previously sold its cars in the Middle Eastern nation as a “small importer,” with imports strictly limited to 20 vehicles. Up until now, global carmakers have sold their …
Israel launches 620-mln-USD plan to help self-employed, small business owners through COVID-19 crisis
The Israeli government has approved a program to help self-employed and small and medium-sized business owners deal with the COVID-19 crisis, the Ministry of Finance and the Prime Minister’s Office …
Malaysia committed to cap total oil palm planted area at 6.5m hectares
Malaysia will maintain its plan to limit total oil palm cultivated area at 6.5 million hectares, according to Plantation Industries and Commodities Ministry Secretary General Ravi Muthayah.
Saudi, UAE Business Conditions Improve, Though Employment Falls
Business activity in the Arab world’s two largest economies improved at the end of last year, with Saudi Arabia seeing its strongest expansion in 13 months.
Saudi non-oil private sector shows burst of growth in Dec -PMI
Saudi Arabia’s non-oil private sector expanded for the fourth straight month in December as economic activity in the kingdom rebounds from the impact of the COVID-19 pandemic, a survey showed on …
South Korea expects chip exports to increase by 10% in 2021
Country’s export of semiconductors is expected to exceed $100 billion this year due to the growth of 5G and remote work.
Industry leaders to discuss Myanmar economic recovery & RCEP
The Myanmar-Hong Kong Chamber of Commerce and Industry (MHCCI) will be hosting virtual event “Myanmar in 2021: Navigating Reform, Recovery and RCEP” on January 12, 2021.