• UAE, Bahrain, Qatar among top 10 expat destinations in the world
    Overall, the Middle East, North Africa and Turkey (MENAT) was the highest-ranking region for the quality of life, with 71 percent of expats recommending it, according to a survey commissioned by HSBC Bank. More than 20,000 expats in 46 countries were questioned for the survey.

    Switzerland, New Zealand and Spain top three destinations followed by Australia, Cyprus, Portugal, Ireland, France and Netherland.

    65 percent of expats feel optimistic about the year ahead and 75 percent were optimistic 'normality' will return.

  • Despite new economic challenges after global oil price drop due to the coronavirus pandemic, the Gulf region is on the path of recovery, with real GDP expected to rise by 4.6 percent in 2022.
    The GCC countries faced new economic challenges after the global oil prices fell due to the Corona pandemic. But they are back on track now. The combined current account balance of oil exporters in the GCC region will shift from a deficit of $6 billion in 2020 to surpluses of $165 billion in 2021.
  • Economy
  • Marcelle Mohamed

  • Lebanon elite united against probe seen as survival threat
    Lebanon's political parties seem united in rejecting an investigation into Beirut's massive port explosion that they fear could threaten their survival. Politicians have repeatedly obstructed the work of judge Tarek Bitar by refusing to show up for questioning, filing legal complaints against him, or calling for his dismissal.
  • 10 worst passports in the Middle East

    Iraq leads the league of the countries that have worst passports in the Arab world, a London-based global citizenship and residence advisory firm has pointed out.
  • UAE makes up 88% of GCC investment in Sub-Sahara Africa
    Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum (GBF) Africa in Dubai, conducted by the Economist Intelligence Unit, which featured two days of thought-provoking sessions highlighting business opportunities emerging across the continent.

    Fintech, healthcare, agriculture, e-commerce were identified in the report as high-potential sectors

    Around 90 percent of surveyed executives said they expect fintech to see the most growth in 2022

  • Start-ups at in5 secure investments worth AED1.4 billion
    More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to 500. Of these, a quarter are led and managed by female entrepreneurs nearly twice as high as the regional average of women-owned SMEs, according to the World Bank
  • Qatar tops GCC region in food security

    The country's National Food Security Strategy 2018-2023 is geared to increase the strategic stock of food commodities to ensure food security
  • Who will form next government in Iraq?
    A final tally from the ballot, organised to appease youth-led anti-government protests that began in 2019, is expected in the next few weeks, but so far no bloc has a clear mandate.That means the numerous political parties will engage in lengthy negotiations to form alliances and name a new prime minister.

    Results so far show Sadr won more than 70 of the 329 parliamentary seats

    This coalition option would see Sadr agreeing to a compromise candidate as prime minister

  • 150 Yemen rebels killed in strikes: Saudi-led coalition
    Rebel leader Abdelmalek al-Huthi called for continued fighting, as tens of thousands of supporters marched in towns held by the insurgents. It came a day after the Huthis announced on Twitter that they had advanced on several fronts around Marib, including Abdiya, where the coalition says it is pounding the insurgents.

    The Yemeni civil war began in 2014 when the Huthis seized the capital Sanaa, prompting the Saudi-led coalition to intervene.

    The UN last week called for a halt to fighting in Abdiya, where it said the movement of aid had been "extremely restricted".

  • Economy
  • The GCC countries faced new economic challenges after the global oil prices fell due to the Corona pandemic. But they are back on track now. The combined...
    By Marcelle Mohamed

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