Expo 2020 DUBAI
Egypt’s pavilion at Expo 2020 draws 50,000 visitors in the first week
More than 50,000 visitors have been to Egypt’s pavilion at Expo 2020 during the first week of the gala event...
- Egypt’s industry and trade minister: Turnout meant the pavilion was one of most attractive for visitors
- Interactive displays show the developments that Egypt is witnessing in all fields
Expo 2020 DUBAI
Jordan dedicates pavilion at Expo 2020 to youth of the country
The creativity of Jordanian youth was celebrated with the opening of the country’s pavilion at Expo 2020 Dubai.
- The displays were built by young people from Jordan
- The ceremony was attended by Jordanian, Arab and foreign officials and community members
Geostrategy
UAE to tread ’10 Principles’ path for the next 50 years
President Sheikh Al Nahyan decrees that all ministries, government authorities and institutions should make these 10 Principles as guidelines in...
- The principles direct UAE’s institutions to strengthen the union, build a sustainable economy and harness all possible resources.
- The set of principles is also aimed at fostering positive regional and global relations to achieve national goals.
Business
Evorra secures pre-seed investment
Investors include Area Tech Holdings and FirstPartyCapital.
- The funds will be used to finalize Evorra's B2B SaaS audience marketplace.
- Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.
Geostrategy
Iran says it will resume Vienna nuclear talks
Tehran has decided to resume nuclear talks in Vienna after the new administration reviewed the previous round of talks, Iran’s...
- Tehran has yet to conclude reviewing details of the previous nuclear talks
- Khatibzadeh didn’t provide an exact date for when Iran will conclude its review
Economy
Global deal to end tax havens goes through as 136 countries back 15 percent rate
At least 136 countries have backed a landmark agreement to set a new minimum tax rate for companies around the...
- But the agreement still faces a rocky path given that it must be passed by a closely divided U.S. Congress and be approved by each of the countries
- The agreement, which was brokered by the Organisation for Economic Co-operation and Development (OECD), would set a minimum tax rate of 15% from 2023
Economy
Jadwa says a drop in Saudi joblessness a sign of healing economy
A drop in Saudi joblessness during the second quarter of the current fiscal year from 11.7 percent to 11.3 percent...
- Saudi unemployment fell to 11.3 percent in the second quarter of this year, down from 11.7 percent in the three months to April
- The Riyad-based firm said the fall mirrors the economy’s expansionary trend in the first half of this year and expects unemployment to decline even further
Arts & Culture
Arab News editor-in-chief lauded for newspaper’s digital, global makeover
Japan's ambassador to Saudi Arabia Iwai Fumio has lauded Arab News editor-in-chief Faisal Abbas's efforts in transforming the newspaper into...
- Faisal Abbas was hosted by Japan's ambassador to Saudi Arabia Iwai Fumio for a commendation reception.
- In 2019, Arab News became the first pan-Arab media outlet to launch a Japanese edition.
Economy
GDP of Arab economies down 3.8 percent: World Bank
The region’s average real GDP per capita is forecast to increase by only 1.1 percent in 2021 after declining an...
- Thirteen out of 16 countries in the region will have lower standards of living in 2021 than their pre-Covid levels.
- Pandemic losses are calculated by comparing where the region’s GDP would have been if the pandemic had not hit, the bank said.
Economy
S&P says global debt could reach about 260 percent of GDP by end of 2021
Global debt levels could reach about 260 percent of gross domestic product (GDP) by the end of 2021, though low...
- Higher leverage and weakened credit metrics amid the recovery will probably trigger more defaults
- The recovery won’t be complete until vaccinations are widespread enough to make people more comfortable to move about
Most Read
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Company News
Latest News
Ghitha Q2 profit $21.95 million
Business
ISO Annual Meeting 2022 to begin Monday in UAE, trade on agenda
The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi.
Business
Grand celebrations announced to mark 92nd Saudi National Day
Riyadh, Saudi Arabia—From Sept 18-26, Saudi Arabia will be hosting grand celebrations to mark the 92nd Saudi National Day. Chairman...
Arts & Culture
UAE health ministry inks pact with Mediclinic Middle East
UAE Ministry of Health and Prevention (MoHAP) has signed a memorandum of cooperation (MoC) with Mediclinic Middle East to strengthen...
Business
Most Read
Business
Egypt to raise Suez Canal transit fees by 15 percent next year
Cairo, Egypt-- Egypt plans to raise fees for ships passing through the Suez Canal by 15 percent in 2023, the...
- Canal Authority's Chairman Osama Rabie has said. transit fees for bulk and tourist ships will be raised by 10 percent from Jan 1, 2023
- The Canal’s revenue reached US$704 million in July after achieving its highest monthly transit rate of 2,103 ships, as well as monthly net tonnage of 125.1 million tons.
Economy
Sharjah Chamber suggests measures for strengthening PPPs
The Sharjah Chamber of Commerce and Industry (SCCI) has recommended several measures to strengthen the emirate’s public-private partnerships (PPPs).
- The Cabinet to issue a federal law regulating partnerships between the federal authorities and the private sector in the UAE.
- In its meeting SCCI board of directors has ordered arrangements to be put in place to encourage public-private sector partnerships.
Business
Walaa to merge with SABB
The firm won the shareholders' approval for the merger.
- Walaa Insurance also received its shareholders’ approval to raise its share capital to $227 million, out of which 24 percent will go to SABB Takaful's shareholders
- The merger will be conducted through a share swap where Walaa will issue 0.6 shares against each share issued by SABB Takaful