Govt collaborations help Dubai lead in AI innovation
"Government entities must be thoroughly prepared for technological advancements that will change how they operate and provide services. A high...
Economy
Saudi Arabia transfers 8% Aramco stake to PIF-owned firms
Saudi Arabia said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's...
Business
Geostrategy
Covid and its effects continue to pose threat to world: WEF risks report
The Global Risks Report 2022 released by the World Economic Forum said vaccine inequality and a resultant uneven economic recovery...
- In the poorest 52 countries—home to 20 percent of the world’s people—only 6 percent of the population had been vaccinated so far.
- By 2024, developing economies (excluding China) will have fallen 5.5 percent below their pre-pandemic expected GDP growth,
Economy
Lebanon telecom ministry’s budget to be based on two figures: Minister
Lebanon telecommunications ministry's budget would be based on two figures instead of one within the framework of the new state...
- The first figure took into consideration the possibility of continuing to charge consumers the same current tariff, based on the official rate of LBP 1500 per US dollar.
- The minister said the break-even figure for the ministry of telecoms at present is within the range of LBP 9000.
Business
Nokia expects strong 2022
The company said as a supply chain crunch and inflation are set to ease.
- The announcement follows a string of quarterly earnings surprises for the network equipment maker, which last October managed to boost its third quarter profits.
- Nokia now expects an operating margin ranging between 11 percent and 13.5 percent in 2022.
Economy
Qatar, IAEA join hands for nuclear projects with peaceful uses
Qatar’s Ministry of Environment and Climate Change has said the projects will cover a variety of sectors, including the medical,...
- Qatar already has 35 technical cooperation projects with the IAEA, including 10 national, 23 regional, and two global projects
- These have been implemented through more than 10 different institutions from the country
Economy
Lebanon residents join migrant flow to EU as economy spirals
Lebanon, a country of around 6 million people, is grappling with an unprecedented financial crisis that the World Bank says...
- Lebanon, in the throes of a brutal economic crisis, is no longer just a launchpad for Syrian refugees and other foreign migrants
- Its own desperate citizens now also risk drowning in the Mediterranean in their quest for a better life
Economy
GCC must heed IMF take on emerging economies
The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the...
- GCC countries are depending on emerging nations to diversify their own economies
- With those economies now under a cloud, the GCC nations should choose their next steps carefully
Economy
UAE private sector asked to pay employees through Wage Protection System
The UAE Ministry of Human Resources and Emiratization (MoHRE) called on private sector establishments to commit to timely paying the...
- Ministry of Human Resources and Emiratization asks employers to register and document any agreement with their workers regarding the change of wages through the approved system.
- The UAE has been the pioneer in launching the WPS, which, since its implementation in 2009, has been praised by the International Labor Organization.
Economy
Suriname, Tanzania, and Senegal explore investment opportunities at Expo
Suriname, Tanzania, and Senegal have explored investment and other opportunities to collaborate with the stakeholders from across the region and...
- Suriname is a country on the north-eastern Atlantic coast of South America, the most forested country of the world with 28 hectares of forest per capita.
- CEO Clubs Network organized an event dedicated to tourism opportunities in Tanzania.
Infographics
Saudization benefits thousands of citizens in 2021
The number of Saudi nationals who got jobs in the private sector crossed 1.9 million in 2021, the highest number...
- The number of Saudi nationals who got jobs in the private sector crossed 1.9 million last year, says the ministry
- The drive has also helped in creating an attractive and stimulating work environment for Saudi nationals in private sector
Business
Decrees regulating Dubai Chambers and their Boards issued by Sheikh Mohammed
Dubai Chambers has been established as a new entity, replacing the Dubai Chamber of Commerce & Industry, and Juma Al...
- One of the decrees establishes the Board of Directors for Dubai Chambers and appoints Abdul Aziz Al Ghurair as its Chairman.
- As per the new legislation, Dubai Chambers' main responsibility is to develop plans and policies to enhance the emirate's global status as an economic hub.
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Govt collaborations help Dubai lead in AI innovation
"Government entities must be thoroughly prepared for technological advancements that will change how they operate and provide services. A high...
Economy
Company News
Latest News
Egypt to resume exports of LNG by October: Tarek El Molla
Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum...
Economy
UAE Corporate Tax: Workshop identifies conditions for determining taxable, exempt persons
Abu Dhabi, UAE - The conditions determining taxable and exempt persons, corporate tax rates and tax periods. were highlighted at...
Economy
Lebanese activists struggle against rampant beachside development
Amchît, Lebanon--In a pristine patch of Lebanon's north coast, a rare marine visitor has fueled opposition to a seafront development, in...
Economy
Most Read
Science
UAE and Egypt to boost cooperation in higher education, scientific research
Cairo, Egypt-- The UAE and Egypt are looking to ramp up cooperation in the fields of higher education and scientific...
- The Egyptian minister noted the depth of the ties across all levels between the two countries, especially in scientific, cultural and educational fields
- The UAE official applauded the relations between the UAE and Egypt, noting the latter's role in the education field and stressing UAE's resolve to deepen ties
CBUAE Governor, IMF Managing Director explore areas for cooperation
Abu Dhabi, UAE - Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE) discussed ways...
- Balama and Georgieva discussed efforts by the IMF and central banks toward enhancing the integrity of the financial system and supporting global economic growth
- The CBUAE's ambitious agenda for green financing, aligned with the UAE's strategy for sustainable economic growth and financial stability, was also a key topic of discussion
Economy
GCC, Central Asian states pledge to boost strategic ties
The two sides endorsed a comprehensive joint statement that called for the boosting of political and strategic ties and strengthening...
- Both sides stressed the need for regional and international security and promotion of renewable energy sources
- Pledges were made to invest in sectors like green economy, digital economy, innovation and green technology