What are the needs and challenges of an ageing workforce?
Age bias in the world of work is real. But it is more complex and nuanced than the common narrative...
ECB set to cut interest rates before the Fed’s big decision next week
The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of...
Economy
Geostrategy
Iraq, US discuss efforts to combat money laundering, terror funding
The Governor of the Central Bank, Mustafa Ghalib, received the US Ambassador to Iraq, Alina Romanowski, and her accompanying delegation.
- The Governor of the Central Bank, Mustafa Ghalib, received the US Ambassador to Iraq, Alina Romanowski, and her accompanying delegation
- Ghalib reviewed the efforts of the Central Bank to support development through monetary policy means and the direct impact of its initiatives
QSE-listed companies hit $7bn net profit
This amounts to an increase of 29% over last year.
- All of Qatar Stock Exchange listed companies have disclosed their financial results for the six month period ended June 30, 2022
- The QSE is a full member of the World Federation of Exchanges and was recently upgraded by the MSCI and the S&P Dow Jones Indices
Economy
Oil prices fall on potential Iran deal, as China economy falters
A deal would mean that Iran's crude output of 2.5 million barrels per day would no longer be subject to...
- Oil prices fell Monday on the prospects of a return of Iranian oil to the market and data showing China's economic recovery stuttering
- Stock markets were broadly steady and the dollar traded mixed as investors digested the latest developments
Business
Global business travel won’t see full recovery until 2026: report
The Global Business Travel Association now projects business travel will regain its 2019 level of $1.43 trillion in mid-2026, 18...
- recovery was "short-circuited" in late 2021 and early 2022 by the Omicron variant of Covid-19, but that trips surged after that once Covid cases fell
- Major obstacles to a full recovery include high energy prices, labor shortages, Covid lockdowns, regional impacts due to the war in Ukraine and sustainability concerns
Economy
Germans face big energy levy but government vows aid
The charge has been set at 2.419 cents per kilowatt hour, said Trading Hub Europe, a non-profit company of energy...
- The charge has been set at 2.419 cents per kilowatt hour, said Trading Hub Europe, a non-profit company of energy network operators in Germany
- For a family of four with an annual average energy usage of 20,000 kwh, this would come to about $493.70 before goods and services taxes
Economy
Dar Al Ber spends over $57m on charitable projects in UAE, worldwide
The number of projects inside the UAE and in several regions around the world has reached 22,517.
- The number of projects inside the UAE and in several regions around the world has reached 22,517
- Dar Al Ber also implemented seasonal projects in 37 countries in Asia, Africa and Europe
Economy
Saudi agriculture sector grows 7.8% to value at $19.23bn
The agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019,...
- The positive growth in the sector has been attributed to the strategies implemented by the kingdom's government corresponding with Vision 2030
- The sector’s contribution to the gross domestic product in general amounted to 2.3 percent last year, while the contribution of agricultural output to non-oil GDP was 3.6 percent
Economy
Bahrain posts a budget surplus of $88m for first half of 2022
Bahrain has posted a budget surplus of $88 million in the first half of 2022, from a deficit of $1.38...
- Actual revenues collected increased by 52 percent compared to the same period in 2021.The kingdom had reported a deficit of $1.38 billion a year earlier.
- Actual expenses amounted to $4.4 billion, an increase at a rate of only 2 percent compared to the same period in 2021.
Economy
Saudi Arabia’s inflation surges to 2.7 percent in July: GASTAT
Saudi Arabia’s inflation rose to 2.7 percent in July 2022 compared to June, according to the General Authority for Statistics...
- Cost-of-living index for July rose to 107.20 points, according to base year 2018, compared to 104.41 points in July.
- The Increase in consumer price index (CPI) was driven by a 3.9 percent year-on-year rise in the food and beverage prices.
Economy
‘Jordan committed to combating terror financing’
Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies,...
- Governor of the Central Bank of Jordan said that terror financing is a threat to national economies
- The CBJ Governor said the Kingdom is committed to combating money laundering and terror financing
What are the needs and challenges of an ageing workforce?
Age bias in the world of work is real. But it is more complex and nuanced than the common narrative...
Company News
Latest News
China rejects US disinformation accusations, calls Washington ’empire of lies’
Beijing, China - China on Saturday accused the United States of being an "empire of lies", hitting back after a State...
Geostrategy
UN conference adopts plan to reduce harmful chemicals
PARIS, FRANCE - A new roadmap to reduce the environmental risks from chemicals and waste was adopted at a United Nations...
Geostrategy
ADB capital reforms unlock $100bn to support Asia and the Pacific region
MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity...
Economy
Most Read
Geostrategy
The many ways US government shutdown affects people
WASHINGTON, US - The United States is heading toward a government shutdown this weekend with no foreseeable way out of a...
- Sharp disagreements in the Republican Party has prevented passage of the bills needed to keep the government funded and open.
- The credit ratings agency Moody's warned this week that a shutdown would be "credit negative" for US sovereign debt.
Haj 2024: Saudi Arabia to increase licensed companies for overseas pilgrims
Riyadh, Saudi Arabia - Saudi Arabia has unveiled plans to expand the number of licensed companies authorized to offer services...
- Under the new regulations, the licenses will be valid for a period of five years, and the estimated fee 100,000 Saudi riyals
- To qualify for these licenses, companies must possess a valid trade register and have a minimum capital of 500,000 Saudi riyals
Business
Saudi Fund for Development and Seychelles sign US$25m loan agreements
Riyadh, Saudi Arabia-- The Saudi Fund for Development (SFD) has signed two loan agreements with Seychelles to support the social...
- The SFD will contribute $25 million to support the social housing project in the Seychelles and the reconstruction of La Digue School project
- The fund has so far implemented 700 development projects and programs in more than 90 countries with a value surpassing $18.7 billion