Over 6,000 F&B companies join Dubai Chamber of Commerce in 2023
DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...
Business
Geostrategy
Qatar to give $10m per month to Gaza families in aid
Each of about 100,000 needy families in the governorates of the Gaza Strip would receive $100 per month in cash.
- Qatar will transfer the aid funds before the end of August
- The distribution of these funds will start in the month of September
Geostrategy
US to help Lebanon procure electricity
Lebanon has been struggling with fuel shortages for a couple of months, which has led to protracted power outages.
- The economic crisis in Lebanon is so dire that the World Bank has said it is among the 10 worst of its kind since the mid-1800s.
- The global body also said the crisis could be among the top three in the world if it was not addressed immediately
Economy
Oman to ease Covid-19 measures from Aug 21
The relaxation will see the reopening of public buildings, malls, and restaurants, as well as resumption of public events.
- Covid-19 infections are decreasing in Oman, with 187 reported per day on average over the past week
- There have been 300,728 cases in all since the beginning of the pandemic, and 4,013 deaths till date
Economy
Death toll crosses 2,000 in quake-stricken Haiti
The quake also injured at least 12,268 people and damaged or destroyed tens of thousands of buildings in the Caribbean...
- The quake also injured at least 12,268 people and damaged or destroyed tens of thousands of buildings in the Caribbean nation
- The government has declared a month-long state of emergency in the four provinces impacted by the latest quake
Economy
Hezbollah says Iran fuel tanker to sail to Lebanon
The move, prohibited by US sanctions on Iran's oil industry, could drag Lebanon into the covert naval war between Tehran...
- Neither the Iranian nor the Lebanese governments have confirmed the paramilitary organisation's claim
- The move, prohibited by US sanctions on Iran's oil industry, could drag Lebanon into the covert naval war between Tehran and Israel
Economy
Charity, humanitarian aid workers to get UAE’s Golden Visas
The visa allows residence for five to 10 years, which is automatically renewed for people in certain categories such as...
- Dubai ruler Rashid Al Maktoum said Golden Visa will provide charity workers in the UAE a safe haven to pursue their work.
- He cites establishment of the Dubai International Humanitarian City as an example of the emirate's commitment to humanitarian causes.
Research
Turbulent economy under Taliban
Ahmady explained that the Taliban would have access to only 0.1-0.2 percent of the country’s foreign reserves of $9 billion,...
- Ahmady explained that the currency may depreciate, something that already happened over the weekend the Taliban took Kabul
- He also predicted that food prices would rise, hurting the poorest the most
Economy
Troubled land: The Sahel’s ‘three-border’ region
The vast arid region, along with central Mali, has become the worst-hit area in the jihadists' nine-year-old campaign
- The vast arid region, along with central Mali, has become the worst-hit area in the jihadists' nine-year-old campaign
- As elsewhere in the Sahel, the birthrate here is high and climate change has sharpened competition over scarce resources
Geostrategy
‘Complete stop’: New Turkish wall confronts fleeing Afghans
A concrete wall, topped with barbed wire and surrounded by trenches, is being erected along Turkey's border with Iran
- A concrete wall, topped with barbed wire and surrounded by trenches, is being erected along Turkey's border with Iran
- Official data shows 120,000 Afghan refugees in Turkey, and up to 300,000 undocumented Afghan migrants
Business
Bahrain-origin exports up by 62 percent in July
Saudi Arabia ranked first for Bahrain-origin exports and re-exports. Portable digital automatic data processing machines were the top product re-exported...
- Unwrought aluminum and agglomerated iron ore and concentrates top two exports.
- Brazil, China and UAE top three importers for Bahrain.
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
Over 6,000 F&B companies join Dubai Chamber of Commerce in 2023
DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...
Business
Company News
Latest News
AD Ports Group signs 50-year pact with Karachi Port Trust for container terminal
ABU DHABI, UAE/ KARACHI, PAKISTAN - AD Ports Group announced on Thursday the signing of a concession agreement with Karachi...
Geostrategy
Bank of England hikes rate half-point even as high inflation remains
LONDON, UK - The Bank of England on Thursday lifted its key interest rate by a half-point to five percent to...
Economy
UAE airports receive 31.8 million passengers in Q1: CBUAE
Abu Dhabi, UAE--The UAE airports have received nearly 31.8 million passengers in the first quarter of 2023, a rise of...
Economy
Most Read
Geostrategy
French envoy to hold talks with Lebanese leaders to end divisions
Amid continuous divisions plaguing the country, France's new envoy for Lebanon, Jean-Yves Le Drian, landed in Beirut to hold talks...
- French President Emmanuel Macron appointed the former foreign minister as special envoy to Lebanon earlier this month
- For months, the international coomunity has exhorted Beirut to elect a new leader capable of enacting reforms
Economy
UAE government unveils next generation of ‘future design tools’
Dubai, UAE--The UAE has unveiled what it calls as the next generation of future design tools, enabling government entities to...
- The network released a guidebook that will be a reference for national institutions to craft initiatives aligning with global transformation trends
- The platform will encourage government entities to adopt future-proof practical projects, prioritize future-supporting projects and support cooperation
Economy
UAE banking system maintained stable funding in Q1 of 23: CBUAE
Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has noted with satisfaction the persistent credit appetite of...
- The apex bank noted the strong liquidity and funding positions of the UAE banking system in the first quarter of 2023, supported by strong deposit growth
- It revealed that the net NPL ratio moderated from the peak during the Covid-19 pandemic to 2.9 percent in Q1, showing a rise in credit growth and a fall in NPLs