S&P estimates UAE GDP to grow beyond 5% in 2024
According to Tatiana Leskova, Associate Director of Corporate Ratings at Standard and Poor's Global Ratings that the global economy while...Business
IMF chief at Davos: AI holds risks, opportunity for global economy
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...Business Economy Geostrategy Tech & Media
Loubnany platform launches next month, will promote Lebanese economy
An online electronic platform named 'loubany', aimed at promoting Lebanon's economy and industry, will be launched in on 15 January...The platform spells out its vision as 'Lebanese production, creativity, innovation and competence to reach the four corners of the world'.
The platform particularly addresses Lebanese Diaspora to support the Lebanese economic initiatives.
Two missing after ships collide south of Sweden
Two people were missing on Monday after two cargo ships collided in waters south of Sweden in the early morning...Nine boats as well as a rescue helicopter were searching for the missing sailors in the cold water
The ships were sailing under British and Danish flags
Saudi Arabia launches regional center for sustainable development of fisheries
The center was announced by Crown Prince Mohammed bin Salman during the Middle East Green Summit held in Riyadh recently.Saudi Arabia’s National Program for the Development of the Fisheries Sector has launched a regional center to sustainably develop fisheries
The program focuses on research in the fisheries sector and aquaculture related to the health of animals and aquatic organisms
EDB, Jetro ink investment deal
The agreement will promote direct investment in various fields.This agreement will highlight Bahrain as an investment hub for Japanese companies
Bahrain recently ranked first for availability of advanced computer programming talent in ICT
Al Tamouh, Al Qudra merger okayed
International Holding Company has formally agreed to the merger.The Board of Directors of Al Qudra Holdings has also approved a new foreign ownership limit of 30 percent of outstanding shares
Previously, only UAE nationals were permitted to own shares in the company
REVEALED: Billions of dollars missing from BDL
About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds
Israel weathers criticism to host Miss Universe finale
Women from 80 countries vied for the Miss Universe crown in the Israeli city of Eilat on Sunday, with several...The 70th edition of the annual pageant, being held in Israel for the first time, has also faced complications from the coronavirus pandemic
South Africa's Ministry of Sports, Culture and Arts had urged its contestant to stay away from Eilat, citing "atrocities committed by Israel against Palestinians"
Saudi Port launches transshipment service linking Dammam with many ports
MAWANI also aims to attract a major share of the global transshipment operations to Saudi ports by implementing several projects...The service is launched in partnership with Saudi Global Ports Co and the international shipping line Orient Overseas Container Line.
The Saudi Ports Authority seeks to raise the Kingdom's share in the transshipment market from the present 21 percent to 50 percent by 2030.
UAE and Mauritius stress boosting economic, commercial relations
The UAE and Mauritius have stressed the importance of boosting economic and commercial relations between the two countries. A meeting...Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Renganaden Padayachy, Mauritius Minister of Finance at its Dubai headquarters.
The meeting took place on the sidelines of the Mauritian delegation’s visit to Expo 2020 Dubai.
Al Arabia of KSA sets up a joint stock firm in Egypt
Al Arabia also known Arabian Contracting Services Co., has set up a joint stock company in Egypt with United Media...The outdoor advertising company said in a statement to Tadawul that it aims to bring about “a qualitative leap” in the sector in Egypt
The joint stock company will operate under a 25-year agreement and establish at least 120 advertising screens in Egypt
