Dubai job hunt: Tips for success in the city of opportunity
Dubai, UAE - The UAE was recognized as the top destination for international professionals seeking employment visas. According to the...
Economy
UAE announces monthly allowance of 50% of basic salary for imams, muezzins
Abu Dhabi, UAE - United Arab Emirates has announced a provision of a monthly financial allowance equivalent to 50 percent...
Economy
Tunisia police blockade dissolved judicial watchdog
Saied has pushed the country down a dangerous route back towards autocracy, says critics.
- Tunisian police blocked access to the country's top judicial watchdog in a move its chief slammed as "illegal", two days after President Kais Saied dissolved the body
- Saied has vowed that he would not interfere in court cases or judicial appointments
Business
EU joins chips race with 42 bn euro bid to rival Asia
The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United...
- The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United States, after the pandemic choked off supply
- The manufacturing of chips overwhelmingly takes place in Taiwan, China and South Korea and the European Union's 27 member states
Business
Industries Qatar profit up 321%
The company achieved a net profit of QR 8.1 billion for 2021.
- Industries Qatar said in a statement that the Group revenue significantly improved by 77 percent to reach a record QR 20.2 billion
- Earnings per share (EPS) amounted to QR 1.34 for the year, versus QR 0.32 for last year
Economy
Lebanon fuel distributors say no diesel crisis in the country
Lebanon’s Fuel Distributors Representative Fadi Abu Chakra has confirmed that "there is no diesel oil crisis" in the country. The...
- The rumors of oil crisis started to circulate after a ship carrying 42 thousand tons of diesel met with a marine accident.
- The representative confirmed that diesel will be available during the next week and there is no crisis but a shortage.
Business
CBD signs a debt financing deal with Postpay
Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later...
- The strategic partnership with CBD will provide support to Postpay on several fronts including Transaction Banking
- The continued support from CBD will also enable Postpay’s planned expansion in the UAE, KSA, and other GCC countries
Economy
Dubai imposes tariff on single-use plastic bags to limit their use
Dubai has approved a policy to limit single-use plastic bags by imposing a tariff of 25 fils on such bags...
- The policy will be evaluated over several stages until the single-use bags are completely banned within two years.
- The emirate will charge a tariff of 25 fils per bag from 1 July 2022.
Infographics
How much gold and forex do Arab countries have?
Foreign exchange and gold reserves come in handy in many ways when a country is trying to ride out an...
- Foreign exchange reserve usually refers to how much foreign currency a country or its apex financial institution holds in reserve
- Gold reserve is a similar tranche, except that it pertains to the yellow metal that has been purified to a standardized degree
Economy
MoU signed to enrich Investopia summit’s discussions and workshops
Investopia investment summit has announced the signing of a Memorandum of Understanding (MoU) with Deloitte Middle East for collaboration to...
- The MoU was signed between Deloitte Middle East and Investopia investment summit taking place on March 28.
- The two parties will jointly study significant economic areas such as investments in AI, social and environmental sustainability and governance.
Business
Turkey lifts ban on importing scrap metals from Lebanon after ministerial meet
Turkey has lifted the ban on importing scrap metals from Lebanon, which could secure about $100 million annually for Lebanon,...
- The embargo was imposed in 2018. Lebanon exported to Turkey more than 40 percent of the total exported scrap metal.
- The ban was lifted after Lebanon Minister of Economy and Trade Amin Salam's meeting with Turkish ministers in Ankara.
Economy
Jordan king meets economists, says national workshops should lead to economic roadmap
He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities.
- He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities
- The King also pointed to the importance of the participation of all segments of society and economic sectors, in order to expand dialogue and participation
Dubai job hunt: Tips for success in the city of opportunity
Dubai, UAE - The UAE was recognized as the top destination for international professionals seeking employment visas. According to the...
Economy
Company News
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African Union, EU step up pressure on Niger coup leaders
The African Union demanded Niger's military "return to their barracks and restore constitutional authority" within 15 days as the EU...
Geostrategy
Seventh Al Dhaid Date Festival witnesses huge turnout
SHARJAH, UAE – The seventh edition of Al Dhaid Date Festival continues to captivate participants and visitors alike, in a...
Business
UAE is fourth biggest market for Indian spices
NEW DELHI, INDIA - The UAE ranked fourth in the world among the top 12 markets for Indian spices in...
Business
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Economy
Strategizing internet use key to halt disinformation
“Handling disinformation is the need of the hour. The Global Media Congress will help devise a strategy to use the...
- The annual Global Media Congress (GMC) in Abu Dhabi aims to strategize the best ways to use the power of the internet and tackle disinformation
- Francisco Chacon Hernandez, Ambassador of Costa Rica to the UAE, sees the importance of the GMC as a platform for policy makers to share best practices
Business
Aramco, 5 local firms to jointly work on project in Pakistan
ISLAMABAD, PAKISTAN - Five Pakistani state-owned companies are set to collaborate with Saudi Arabia’s Aramco to execute a $10 billion...
- The proposed joint venture will establish a mega refinery in Gwadar with a capacity of 400,000 barrels per day.
- The government of Pakistan has already approved a refinery policy for new projects in the country.
Geostrategy
Egypt calls for renewal of Black Sea grain export deal
MOSCOW, RUSSIA - Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of...
- Moscow withdrew from the agreement after protesting for months that parts of the deal that allowed for export of Russian fertilizer were not honored.
- Russia refused to extend a deal brokered by UN and Turkey, under which Ukrainian grain exports passed through the Black Sea to reach global markets.