Global workforce transformation by 2030: WEF predicts 78 million new jobs amid disruptive changes
The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...
Economy
UAE labour market transforms with AI revolution and growing demand for high-skill professions
The country is among the most attractive markets for skilled global professionals and talent, thanks to its competitive advantages, including...
Economy
Science
Financing for nature must more than double by 2025, says UN report
The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...
- The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.
- By 2030 finance flows of $484 billion a year will be required for nature-based solutions.
Business
Singapore has highest number of crypto job openings
Luxembourg has the second highest rate at 55.59 crypto jobs per million people.
- Luxembourg has the second highest rate at 55.59 crypto jobs per million people
- North America offers the best average salary for crypto jobs, amounting to annual earnings of $120,000
Economy
World Bank says remittances to lower income countries ease in 2022
The World Bank estimates that cash transfers to low income countries eased this year as high prices ate up migrants'...
- The World Bank says while the reopening of economies as the pandemic receded helped with employment, rising costs "adversely affected migrants’ real incomes"
- Rising oil prices and continued demand for migrant workers boosted remittances to Central Asian countries
Business
Gulf countries seek to procure India’s BrahMos missile
Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.
- Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages
- The discussions with Saudi Arabia which got delayed due to Covid19 pandemic, too are reported to be in advanced stages
Economy
Fed report says US economic activity slows amid uncertainty
Washington, United States—US economic activity eased in recent weeks, while uncertainty and "increased pessimism" clouded the country's outlook amid high prices...
- The Fed's latest survey of economic conditions comes as the US central bank pushes on with its all-out effort to cool surging inflation
- Higher interest rates took a toll on home sales, which fell "steeply" in some districts
Economy
Nasdaq surges 3% as Fed Chair says could soon ease rate hikes
Stocks have risen over the last month, in part on expectations that the Fed would soon pivot on monetary policy....
- Near 1945 GMT, Nasdaq Composite Index was up 2.9 percent at 11,305.08 as Powell indicated that Fed could soon shift from its ultra-aggressive response to inflation
- Earlier, government data showed the United States economy grew at 2.9 percent in the third quarter, annualized, better than the 2.6 percent figure in the prior estimate
Economy
US economy rose 2.9% in Q3, more than early report
The US economy grew more than initially reported in the third quarter this year, with government data released Wednesday reflecting...
- It has been the first GDP expansion this year, after two quarters of negative growth that deepened fears of a recession in the world's biggest economy
- The pick-up came days before midterm elections in the United States, in welcome news for President Joe Biden, but analysts have cautioned of a less rosy path ahead
Economy
ZATCA extends period of exemption of penalties for Saudi taxpayers
Saudi Arabia's Zakat, Tax and Customs Authority has extended the period of Cancellation of Fines and Exemption of Penalties Initiative...
- Saudi Arabia's Zakat, Tax and Customs Authority has extended the period of Cancellation of Fines and Exemption of Penalties Initiative for taxpayers
- Penalties included in the ZATCA initiative cover exempting taxpayers from late registration in all tax systems, late payment of fines, etc
Economy
Europe’s inflation declines for first time in 17 months: EU agency
Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit...
- Analysts had expected the inflation rate in the single currency area to fall but the drop was steeper than predicted
- Among 19 countries that use the euro, Spain now has the lowest inflation rate, dropping to 6.6 percent compared to previous top performer France
Economy
Turkey’s economy to grow 5 percent in 2022: Poll
In 2021, Turkey's economy rebounded from the COVID-19 pandemic to grow 11.4 percent.
- In 2021, Turkey's economy rebounded from the COVID-19 pandemic to grow 11.4 percent
- The Turkish Statistical Institute will announce Q3 GDP growth data at 0700 GMT on Nov 30
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Global workforce transformation by 2030: WEF predicts 78 million new jobs amid disruptive changes
The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...
Economy
Company News
Latest News
Sustainability in style: UAE’s couture goes green
The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to...
Business
Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...
Business
Most Read
Economy
Insect farming ‘revolutionizes’ Gulf agriculture
Across the arid region, in which conventional agriculture is beset by many challenges, insect farming for livestock feed is perceived...
- Many experts feel insect farming as against livestock farming emits fewer greenhouse emissions and uses fewer natural resources like water and feed
- The region, however, with its unique climatic conditions and inadequate water supply, poses many hurdles for sustainable insect cultivation
Economy
GCC keen to strengthen economic cooperation with Turkey: Albudaiwi
Istanbul, Turkey-- The Gulf Cooperation Council (GCC) is keen to enhance economic cooperation with Turkey, according to its Secretary General...
- Albudaiwi said the GCC Ministerial Council has restarted the strategic dialogue with Turkey and adopted the Joint-Action Plan 2023-2027
- He made the remarks at the GCC-Turkish Economic Forum in Istanbul with top officials and business owners from both sides in attendance
Economy
Emiratization: CBUAE to provide financial sector job opportunities
Abu Dhabi, UAE - The CBUAE will provide UAE nationals with job opportunities across various banking and insurance specializations in...
- The central bank will leverage the platform to educate attendants of its regulatory and supervisory role and financial inclusion efforts
- The CBUAE Youth Council will also showcase its initiatives to enhance the role of the youth in the financial sector