- The fund's comments, in its latest Fiscal Monitor report, come as food prices have surged by half since 2019 while...
Countries all around the world are facing more pressing and more painful trade offs," said Vitor Gaspar, director of IMF's fiscal affairs.
Countries may need to raise added revenues and contain the growth of other expenditures as they prioritize policies, the fund said.
- It plans to deploy $1bn in sustainable energy projects.
Yellow Door said in a statement that the funding was substantially provided by YDE’s newest and now controlling shareholder, Actis.
Existing shareholders International Finance Corporation (IFC), Mitsui & Co., and APICORP also increased their equity commitments.
- Meta said it is partnering with Microsoft and others to tune popular business and productivity software to virtual worlds using...
The $1,500 Meta Quest Pro features a number of new features that are meant to improve users' perception of truly being in the presence of other people
The headset makes it possible to view not only virtual worlds but also the real environment of the user, thanks to high-resolution outward-facing cameras
- It will build 550 housing units in Riyadh for $161m.
Retal said in a bourse filing that the project is expected to positively affect the company’s results after the sale begins and the project is completed
Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh
- About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32...
Management consulting firm McKinsey predicts that 42.6 percent of jobs in the GCC will be automated by 2030, ahead of the global average of 32 percent
As a backup plan against future pandemics, the GCC's business automation strategies evolved quickly during and after the COVID-19 pandemic
- Seeking new exporters of gas to the continent, European Union's energy commissioner has hailed a "long-term strategic partnership" with Algeria...
Algeria has helped Europe diversify its energy supplies by pumping more gas to Italy, which in July signed a deal to import billions more cubic metres
Energy Minister Mohamed Arkab said his country was "a trusted supplier" that always honors its obligations
- MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai...
Al Tayer emphasized DEWA’s keenness to consolidate cooperation and exchange expertise with Canadian companies.
The DEWA CEO highlighted DEWA’s key development projects and strategic initiatives, especially the technological projects.
- Dubai, UAE---The UAE Federal Tax Authority (FTA) has announced that the new "EmaraTax" integrated platform will be launched later this...
EmaraTax will significantly enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refund.
The new platform also greatly enhances the ability of the FTA to administer taxes in the UAE.





















