Ireland wants to be a gateway for UAE, Gulf states to EU market: Irish minister
Abu Dhabi, UAE--Ireland wants to become a gateway for the UAE and other Gulf states to the European Union (EU)...
Economy
Swiss central bank posts 2023 loss
The bank has raised its interest rates to tame inflation..
Economy
China’s factory output, retail sales see jump in October
Industrial production grew 3.5 percent on-year last month, up from September, said the National Bureau of Statistics, as China worked...
- Industrial production grew 3.5 percent on-year last month, up from September, said the National Bureau of Statistics, as China worked to ease the energy shortage
- The recovery in the world's second biggest economy has been losing steam for much of the year after a swift bounceback from harsh lockdowns to contain Covid-19
Economy
Saudi Arabia unveils first non-profit city in the world
“This will be the first non-profit city of its kind which will contribute to achieving the goals of Mohammed bin...
- The city is billed to be a model for the development of the non-profit sector globally and an incubator for youth and volunteer groups
- The city's masterplan embodies a human-centered, advanced digital metropolis designed to be sustainable and pedestrian-friendly
Geostrategy
Dubai Airshow: UAE MoD signs deals worth AED 5bn
The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the...
- The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the Air Force and Air Defense Command
- One contract was signed d with the French company, Thales, to purchase communication systems for the Air Force and Air Defense
Business
UAE rich reset life goals after Corona but find confidence shaky: Survey
About 88 percent of the affluent people in the UAE have reset their life goals following the Corona pandemic, and...
- The 'confidence gap' is more pronounced among the emerging affluent, according to Standard Chartered survey.
- Volatility in financial markets and fear of poor returns on investments are the major causes of low confidence.
Videos
Trade balance of key Arab countries in 2020
This week's TRENDS Explainer Video focuses on top Arab economies in terms of trade balance in the year 2020.
- One of the best ways to judge the strength of a country's economy is to look at its trade balance, or the difference between exports and imports
- If exports surpass imports, the trade balance is surplus. If imports surpass exports, the trade balance is deficit
Economy
Tunisian town up in arms against trash
As tear gas and protest cries filled the air in the Tunisian city of Agareb, Mabrouka Ben Ibrahim vowed to...
- Yousra, 21, died in 2019 after being bitten by a mosquito that came from the toxic trash site, Ben Ibrahim said
- Residents say rubbish dumped at the site, including dangerous industrial and medical refuse, has caused a string of diseases from cancer to vision problems and infertility
Economy
Drought forces Iraqi farmers to leave their land
Iraqi wheat farmer Khamis Ahmad Abbas lost it all when his battle with drought forced him to abandon his land,...
- Experts have warned that record low rainfall, compounded by climate change, are threatening social and economic disaster in war-scarred Iraq
- This year, Nineveh province has been Iraq's "most affected" by drought and exceptionally high temperatures
Economy
Egypt questions new desert capital and its costs
Egypt President Abdel Fattah al-Sisi is building a new capital, whose construction costs are already under a microscope.
- The city, on the outskirts of Cairo, is forecast to cost around $45 billion, and is roughly the size of Singapore
- The construction costs have raised questions about spending priorities in a country where one in three people live in poverty
Geostrategy
Deal but no deal: COP26 adds to climate confusion
Rich countries stand accused of failing at the COP26 summit in Glasgow to deliver much-needed finance to vulnerable states at...
- Rich countries accused of failing to deliver much-needed finance to vulnerable states at risk of drought, rising seas, fire and storms
- The European Commission said the deal has "kept the Paris targets alive".
Economy
Libya polls ‘essential next step’ to peace: UN chief
Libya has seen several political and security crises since Muammar Gadaffi was overthrown a decade ago.
- UN Secretary-General António Guterres has urged national unity in Libya
- He has also called for people to overcome differences ahead of landmark presidential and parliamentary elections next month
Ireland wants to be a gateway for UAE, Gulf states to EU market: Irish minister
Abu Dhabi, UAE--Ireland wants to become a gateway for the UAE and other Gulf states to the European Union (EU)...
Economy
Company News
EITC posts Q1 revenue at $936m
Business
258m people require food aid, says UN report
Geostrategy
Latest News
OECD says sizeable progress made on sharing tax revenue on multinationals
Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational...
Business
Pakistan gets $1 billion boost from UAE ahead of key IMF decision
The deposit comes a day after Saudi Arabia transferred $2 billion to Islamabad and brings the state's foreign reserves to...
Economy
Agthia Group launches Agthia Ventures
New firm is a $54 million corporate venture capital fund.
Business
Most Read
Business
Dubai Chambers launches program to enhance customer service
DUBAI, UAE – Dubai Chambers is taking a big initiative for ensuring that businesses in the emirate provide excellent customer...
- Service Excellence Program will evaluate the quality of customer experience through mystery shopper reports.
- The initiative will ensure the implementation of global best practices within Dubai’s business community.
Business
Multiply Group buys stake
A minority stake in Breakwater Energy cost it US$100m.
- The group by virtue of its new acquisition will become part owner of a profitable and cash-generative, diversified global upstream portfolio
- It poured some US$2.72 billion last year into Abu Dhabi National Energy Company (TAQA), an integrated utility champion in the EMEA region
Business
ROSHN inks MoU with Expro to develop real estate in Saudi Arabia
Riyadh, Saudi Arabia--ROSHN, the Saudi real estate developer, has signed a memorandum of understanding (MoU) with the Expenditure and Project Efficiency...
- The partnership between the two will increase the sustainability of the PIF-backed giga project and also ramp up its activities
- The cooperation with leading groups in the nonprofit sector is designed to lift up the quality of life for the underprivileged families