WEF24: Innovation and diversification drive UAE growth
The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...
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Saudi National Bank launches US dollar-denominated sukuk
RIYADH, SAUDI ARABIA - Saudi National Bank (SNB) commenced the US dollar-denominated senior unsecured sukuk issuance through a special-purpose vehicle. The sukuk are offered to qualified...
Business
Business
Lebanon reforms will get foreign aid flowing: UNSC
The common belief in the international community is that the reason behind Lebanon’s economic crisis is corruption and misgovernance. Thus,...
- The UNSC has said in its statement that these reforms would help the masses suffering from the economic crisis and the resulting shortages
- It added that the reforms would also ‘ensure effective international support’
Geostrategy
Greatest shows on earth: How expos changed the world
International expos, or world fairs, draw millions of visitors to a chosen city every few years. Over two centuries these...
- The first universal exposition took place in Paris in 1798 to show off French industrial know-how.
- The record is held by the Chinese city of Shanghai, which drew 73 million visitors in 2010.
Economy
Brent crude price jumps above $80 a barrel
With the rollout of vaccines and easing of lockdowns this year, bets on demand for the black gold have surged,...
- Brent climbed 0.9 percent in morning Asian trade to $80.24, its highest level since October 2018.
- The advance comes even as the global economic recovery shows signs of slowing owing to supply chain issues
Geostrategy
Revelations at Expos in the Past: Ketchup, Eiffel Tower, telephone
As Expo 2020 opens in Dubai on Friday, hoping to attract millions of visitors with its imaginative pavilions and technological...
- The most famous Expo was perhaps the Paris 1889 edition, where the Eiffel Tower by architect Gustave Eiffel was unveiled.
- Alexander Graham Bell's telephone was first demonstrated to the public at the Philadelphia world fair in 1876.
Economy
Dubai Expo unveils its gleaming pavilions
Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region...
- Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region with estimates of 25 million visitors over its six-month lifespan
- The fair is another feather in the cap for Dubai, which has long strived for recognition with achievements such as the Burj Khalifa, the world's tallest building at at 828 metres
Economy
Expectations rise for Expo 2020 gains to materialize
A study published said projections for 2019 indicated investments that would generate long-term returns of up to $33.3 billion.
- The mega event is expected to create 905,200 job opportunities.
- A survey ahead of Expo 2020 by the Dubai Chamber of Commerce and Industry maintains Dubai’s economy was recovering.
Interview
Expo 2020: Cisco operating next generation IT network
The company, the Expo's 2020 official partner, is ready to greet visitors and provide them with the most up-to-date digital...
- The company, the Expo's 2020 official Digital Network Partner, is ready to greet visitors and provide them with the most up-to-date digital solutions
- It will deploy 20,000 secure endpoints across the site to deliver industry leading connectivity
Geostrategy
Lebanon reaches out to Arab countries
Lebanese Prime Minister has confirmed that his country has reached out to Arab and Gulf nations for help, but the...
- Lebanon Prime Minister Najib Mikati has said his country has reached out to Arab nations
- However, there is no set date when a Lebanese delegation may visit them for help
Economy
Cyber-pandemic quickened UAE digital push
Mohamed Hamad Al Kuwaiti has said the UAE is fully equipped to transition into AI for governance and economy.
- The UAE has attained high ranks in many global cybersecurity indexes
- Moving into an AI government and economy involves sector-wise perspectives
Business
Dubai Chamber initiative focuses on West Africa
The initiative, called Why Africa, will also look at the region’s key economic indicators and competitive advantages.
- The initiative, called Why Africa, comprises in-depth analyses conducted by Dubai Chamber
- It is based on recent data from UNCTAD, up-to-date insights for prospective investors, and recent trade trends
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
WEF24: Innovation and diversification drive UAE growth
The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...
Videos
Company News
Latest News
Italy warns against ECB decision to increase interest rates
The central bank has hiked rates at the fastest pace ever over the past year in a bid to cool...
Economy
Markets rise as upbeat US data plays against rates outlook
Wall Street popped higher Tuesday after a string of readings soothed concerns about a possible recession, while traders were also...
Economy
Qatar’s nominal GDP to hit $227.3bn in 2023, inflation 3%
Dubai, UAE -- Qatar's nominal GDP is expected to reach $227.3 billion in 2023 and $228.8 billion in 2024, driven...
Economy
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Economy
Qatar to ramp up investment and economic cooperation with Iran
Tehran, Iran-- Qatar has renewed its willingness to boost economic cooperation with Iran, ramping up investment in order to strengthen...
- The resolve to boost ties was expressed in a phone call between the Emir of Qatar Sheikh Tamim bin Hamad Al Thani and the Iranian President Ebrahim Raisi
- The Iranian president on his part said the Islamic Republic has always emphasized the promotion of relations and expansion of ties between the two countries
Economy
Sharjah Football Company signs Tunisian star Mohamed Firas Belarbi
Sharjah, UAE--Sharjah Football Company has signed Mohamed Firas Belarbi, the Tunisian international defender, from the Ajman Club for an undisclosed...
- Belarbi considered to be one of the most effective attacking midfielders in the UAE championships over the past two years took part in all 26 league matches, scoring 12 goals
- Sharjah Football Company, founded in 2007, is a joint venture between Sharjah Sports Club and the Sharjah Investment and Development Authority
Economy
Doha, Dubai most competitive job markets globally
Despite international scrutiny over labor practices, Qatar and the UAE continue to attract job seekers with attractive policies like tax-free...
- Despite international scrutiny over labor practices, Qatar and the UAE continue to attract job seekers with attractive policies like tax-free income, a recent study points out
- Cities in Northern California, particularly San Jose and San Francisco, have demonstrated high competitiveness due to major layoffs in tech firms, adds the Resume.io study