Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...
Stocks later rallied after Trump announced a 90-day pause on additional higher tariffs that were set to impact around 80...
An improved awareness of laws among companies and individuals, as well as successful awareness campaigns conducted by ADJD in collaboration...Abu Dhabi sees a 40% drop in labor disputes in 2022 compared to 2021, thanks to increased legal awareness and successful campaigns by the Abu Dhabi Judicial Department
The efficient handling of labor disputes in the labor court and the advancement of legal procedures in labor cases have contributed to enhancing economic stability of the UAE
GENEVA, SWITZERLAND - The Red Cross announced Tuesday that it would cut 1,500 jobs over the next 12 months in a...The Red Cross said an expected drop in humanitarian assistance budgets over the next two years was forcing it to make significant cuts.
The Geneva-based organization said its governing board on March 30 had approved US$474 million in global cost reduction through early 2024.
Virgin Orbit, the satellite launch company founded by Richard Branson, has filed for Chapter 11 bankruptcy and will sell the...Virgin Orbit suffered a major setback earlier this year when an attempt to launch the first rocket into space from British soil ended in failure.
The company had organized the mission with the UK Space Agency and Cornwall Spaceport to launch nine satellites into space.
Washington, USA - International Monetary Fund (IMF) approved SDR 3.7262 billion ($5 billion) on a two-year arrangement for Morocco under...Morocco has benefited from four Precautionary and Liquidity Line (PLL) arrangements since 2012, each totaling about US$ 3 billion.
The first PLL was approved on August 3, 2012, followed by three more approvals on July 28, 2014, July 22, 2016, and December 17, 2018.
- The deal, thrashed out in talks between federal and regional officials, spells the end of independent oil exports by the...
The agreement was signed in Baghdad in the presence of Prime Minister Mohamed Shia al-Sudani and Kurdish premier Masrour Barzani.
The deal comes two days after Iraq, Saudi Arabia and several other major oil exporters announced a sharp reduction in their production from May.
The current healthcare expenditure in the Gulf Cooperation Council region is expected to reach $135 billion in 2027, implying an...The kingdom will need 19,000 to 20,000 additional hospital beds by 2030, which calls for an investment of $33.8 billion to $35.6 billion.
Saudi Arabia's healthcare has seen tremendous growth and it continues to be one of the few sectors that have not been affected by economic fluctuations.
DUBAI, UAE - Over 300 prominent wealth and asset management (WAM) firms have established themselves in Dubai International Financial Center...The financial center's 300 wealth and asset management firms should help in providing a conducive environment for businesses in the region.
DIFC's world-class legal and regulatory framework and access to competitive markets have bolstered the depth of its asset management ecosystem.
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be...The 167-year-old bank's final AGM was the first chance Credit Suisse shareholders had to voice their frustrations.
"I can understand the bitterness, the anger and the shock of all those affected," Credit Suisse chairman Axel Lehmann said.
Hong Kong, China--Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in...Evergrande, once China's biggest real estate firm, was found to be neck-deep in $300 billion in liabilities, touching off a nationwide property crisis
The company, in a Hong Kong exchange filing, said it had agreed to proposals with creditors who hold a big chunk of developer's offshore bonds
The poll discovers people struggling across the Middle East to cope with high cost of living in the holy month...Egypt has seen inflation vault to 32 percent in February with the government taking steps to mitigate its effect on low-income groups
Lebanon is facing a more severe cost-of-living crisis, with inflation reaching up to 123 percent in January
