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World Bank plans $6 billion in financial assistance for Egypt
The financial assistance includes "$3 billion for financial support to Government’s programs and $3 billion for the private sector (including mobilization) – subject to Board approval," it added. Egypt, the Arab world's most populous nation, is in dire need of financial help as it weathers a severe economic crisis marked by rapid inflation.The World Bank Group is comprised of five separate agencies which deal with a range of issues, including investment. Its current portfolio with Egypt is above $8bn.
Earlier this month, the IMF agreed an expanded $8bn loan package after Cairo implemented reforms that included moving towards a flexible exchange rate and hiking interest rates.
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UAE becomes global hub for international education
International education is evolving in the Gulf region amid unique challenges and strengths, Rania Hussein, Deputy Head at the Swiss International School Dubai, tells TRENDS.Arts & Culture
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Growth has become a top priority for the UAE, given its extensive trade and economic ties with countries worldwide, says Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, on the sidelines of the Genetic International Trade Association Summit in Dubai.
"This underscores our role in fostering development and regional and global cooperation, aiming to provide an economic model for all to emulate. The Emirati model demonstrates that economic prosperity is essential for a successful society and crucial for enhancing the quality of life of its citizens," he added.
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Palestinians ‘need the bombs to stop,’ Irish PM says at White House
Varadkar has been one of Europe's most critical leaders over Israel's campaign in Gaza, which began when Hamas launched an unprecedented attack on the southern part of the country.
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GCC sets pace for global decarbonization efforts
The region is in decarbonizing the built environment, with a focus on sustainable urban planning, energy-efficient buildings, and renewable energy integration.Economy
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Oxfam blames Israel for ‘deliberately’ blocking aid to Gaza
Oxfam said in a report that Israel continued to "systematically and deliberately block and undermine any meaningful international humanitarian response" in the Palestinian territory. It alleged that Israel was defying an order by the ICJ in January to boost aid in Gaza, and was failing its legal responsibility to protect people in land it occupies.Oxfam said inspection rules were causing aid trucks to be stuck in queues for 20 days on average
The group noted that Israeli authorities arbitrarily reject "dual-use" items
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GCC seeks travel ease with Schengen visa exemption
GCC Secretary General Jasem Albudaiwi calls for visa-free travel to Europe, aiming to simplify the journey for Gulf citizens to the continent.Geostrategy
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Ramadan influences consumer habits, retail strategy
The ongoing fasting month brings traditional practices and modern shopping habits together, impacting market trends significantly in the Gulf region.Business
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Israeli army says operation under way in Gaza’s Al-Shifa hospital
Al-Shifa is the Gaza Strip's largest hospital. The Israeli army had in November last year carried out an operation in the complex, sparking an international outcry. Witnesses in Gaza City told AFP the Al-Rimal neighborhood, where Al-Shifa is located, had been hit by air strikes.
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Arabic in demand as non-English content rules market
This trend shift reflects not only changing consumer preferences but also highlights the significant potential for regional stories to gain global prominence.Arts & Culture
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Putin hails election victory, says would not be ‘intimidated’
If he completes another full Kremlin term, Putin will have stayed in power longer than any Russian leader since Catherine the Great in the 18th century. Allies of the late Alexei Navalny - Putin's most prominent rival, who died in an Arctic prison last month - had tried to spoil his inevitable victory, urging voters...All of the 71-year-old's major opponents are dead, in prison or exiled
He has overseen an unrelenting crackdown on anybody who publicly opposes his rule
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Stable credit conditions make GCC firms resilient
Gulf companies benefit from supportive credit environments, ensuring resilience in 2024 despite global economic challenges and geopolitical risks, says a report.Business
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Macron’s leadership: A tale of arrogance and chaos
Facing graft allegations, divisive remarks on NATO and Islam, and widespread protests, his presidency underscores challenges of governing in today's complex geopolitical landscape.Geostrategy
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Iran signs deals worth US$13bn to boost oil production
The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields. The deals have been labelled as Iran's "biggest oil contracts in the past decade" that are aimed to add 350,000 barrels per day to the Islamic republic's daily production.
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Saudi labor market booms amid economic shifts
Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says a report.Economy
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Israeli PM says civilians can leave crowded Rafah before invasion
Israel has repeatedly threatened a ground offensive against Hamas in Rafah, where people shelter in tents crammed up against the Egyptian border. UN World Health Organization chief Tedros Adhanom Ghebreyesus urged against a military operation there, "in the name of humanity".Netanyahu had on Friday said he approved the military's plan for an operation in Rafah as well as "the evacuation of the population."
The US - which provides Israel military assistance - has said it wants a "clear and implementable plan" to ensure civilians are "out of harm's way."
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Women key focus of Dubai’s MIA ART Collection gala
The annual MIA Gala and Awards Ceremony, held on International Women's Day, celebrates and recognizes the contributions of women artists.Arts & Culture
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GCC records surge in women’s workforce participation
Driven by resilience, legislation, and determination, the female populace is reshaping the socio-economic fabric of the Gulf countries, a TRENDS report suggests.Business
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UAE becomes global hub for international education
International education is evolving in the Gulf region amid unique challenges and strengths, Rania Hussein, Deputy Head at the Swiss...Arts & Culture
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"This underscores our role in fostering development and regional and global cooperation, aiming to provide an economic model for all to emulate. The Emirati model demonstrates that...By TRENDS STAFF
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World Bank plans $6 billion in financial assistance for Egypt
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Palestinians ‘need the bombs to stop,’ Irish PM says at White House
Varadkar has been one of Europe's most critical leaders over Israel's campaign in Gaza, which began when Hamas launched an... -
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Oxfam said in a report that Israel continued to "systematically and deliberately block and undermine any meaningful international humanitarian response"... -
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Ramadan influences consumer habits, retail strategy
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International education is evolving in the Gulf region amid unique challenges and strengths, Rania Hussein, Deputy Head at the Swiss...Arts & Culture
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"This underscores our role in fostering development and regional and global cooperation, aiming to provide an economic model for all to emulate. The Emirati model demonstrates that...
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World Bank plans $6 billion in financial assistance for Egypt
The financial assistance includes "$3 billion for financial support to Government’s programs and $3 billion for the private sector (including... -
Palestinians ‘need the bombs to stop,’ Irish PM says at White House
Varadkar has been one of Europe's most critical leaders over Israel's campaign in Gaza, which began when Hamas launched an... -
Oxfam blames Israel for ‘deliberately’ blocking aid to Gaza
Oxfam said in a report that Israel continued to "systematically and deliberately block and undermine any meaningful international humanitarian response"... -
Israeli army says operation under way in Gaza’s Al-Shifa hospital
Al-Shifa is the Gaza Strip's largest hospital. The Israeli army had in November last year carried out an operation in...
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GCC sets pace for global decarbonization efforts
The region is in decarbonizing the built environment, with a focus on sustainable urban planning, energy-efficient buildings, and renewable energy...Economy
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Putin hails election victory, says would not be ‘intimidated’
If he completes another full Kremlin term, Putin will have stayed in power longer than any Russian leader since Catherine... -
Iran signs deals worth US$13bn to boost oil production
The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields.... -
Israeli PM says civilians can leave crowded Rafah before invasion
Israel has repeatedly threatened a ground offensive against Hamas in Rafah, where people shelter in tents crammed up against the... -
Attack on Gaza’s Rafah inevitable, says Israeli PM
Israeli Prime Minister Benjamin Netanyahu vowed to send ground forces into Gaza's southern Rafah city. The right-wing premier, whose security... -
WHO calls on Israel to halt planned assault on Rafah
Israel's Prime Minister Benjamin Netanyahu approved the military's "plans for action in Rafah", according to a statement Friday, which gave...
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Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says...Economy
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GCC records surge in women’s workforce participation
Driven by resilience, legislation, and determination, the female populace is reshaping the socio-economic fabric of the Gulf countries, a TRENDS...Business