Ghitha Holding buys stake in MNG Airlines
The acquisition of 44% stake is valued at US$211.20 million.
Business
Delta variant of Covid found in Kuwait, authorities warn citizens to take precautions
Kuwait says that many people in the country have contracted the Indian variant The country's health department is conducting...
PricewaterhouseCoopers Middle East commits to creating 6000 jobs in 5 years
Creating an ESG Centre of Excellence in the region part of 'The New Equation' strategy Firm announces its commitment...
Hub71 launches new program with New York Firm Modus Capital to build, invest in startups
The program is expected to enable early-stage founders from around the world to develop successful and scalable startups from...
HSBC and Morgan Stanley believe Dubai property market will boom for years
HSBC and Morgan Stanley feel growth will be driven by strong demand for larger homes The rally, both feel,...
G7 leaders pledge 1b Covid vaccine doses to poor countries
Delivery of at least half of the doses pledged expected by the end of 2021 G7 countries will...
Emirates Group Security, India’s GMR Aviation Academy to foster aviation training
EGS has signed an MoU with India-based GMR Aviation Academy for aviation education The MoU will reportedly help EGS...
Improve employee wellbeing to advance your bottom line: Gallup
Higher life evaluations, wellbeing are positively associated with productivity, innovation, and safety 84 percent of MENA employees are not...
Pandemic delivers major blow to well-being in MENA
Unemployment, negative emotions rose in MENA region during COVID-19 Employees in the region have reported the world's highest rates...
Saudi-Chinese Business Council prepares a study to attract Chinese investments to Saudi Arabia
The Saudi-Chinese Business Council has showed the Chinese side Saudi Arabia’s plan to attract more Chinese investments into...
Burj Khalifa to relaunch sunrise experience from At The Top restaurant
This and other experiences had been stopped due to the Covid-19 pandemic and the resulting lockdown The experience...
Ghitha Holding buys stake in MNG Airlines
The acquisition of 44% stake is valued at US$211.20 million.
Business
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UAE economy robust, bolstered by tourism and real estate: OPEC
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GCC keen to address economic problems: Albudaiwi
Marrakesh, Morocco-- The Gulf Cooperation Council (GCC) attaches great importance to finding solutions to economic problems such as the eradication...
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Red Sea Global launches Saudi’s first seaplane company
TABUK, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations -...
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Economy
Activists term IMF, World Bank ‘worst scam of the century’
Activists from developing nations belonging to a group called People's Alternative Global Tribunal organized themselves in the Moroccan city as...
- They blamed both the institutions for pursuing an economic model that favours political and financial elites
- The International Monetary Fund and World Bank are holding their first annual meeting in Africa in half a century
Economy
UAE and US aim to speed up cooperation in clean energy, technology
Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy,...
- The talks between the two countries coincide with a jump in non-oil trade between the two nations, which reached US$21.63 billion in the first half of 2023, a 37% rise
- Al Zeyoudi emphasized that the US, apart from being a UAE trade partner, remains a key ally in advancing socioeconomic progress through global economic cooperation
Economy
IMF slashes its growth forecast for China and eurozone
Marrakech, Morocco-- The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said...
- The IMF left its forecast for global real GDP growth in 2023 unchanged at 3.0% but cut its 2024 forecast to 2.9% from its July forecast of 3.0%.
- Its research revealed a 10% rise in oil prices would dampen global output by about 0.2% in the following year and boost global inflation by about 0.4%