Protestors ransack banks in Lebanon as currency hits record low

The pound is trading at about 80,000 to the greenback on the black market versus 60,000 at the start of the month.

around 50 protesters smashed the facades of four banks and burned car tires in the central Beirut neighborhood of Badaro.

Investopia, Mubadala ink strategic partnership

Mubadala and its portfolio companies will expand their participation across the different activities taking place during Investopia.

The pact will include the participation of Mubadala’s senior leadership in the program, the firm's engagement in the various activities targeting start-ups.

Abu Dhabi Chamber, India’s FICCI explore areas of collaboration

The Indian delegation was headed by the Assistant Secretary-General of the Federation of Indian Chambers of Commerce & Industry.

The delegation included representatives of over 30 private companies across a wide range of industries.

Abu Dhabi economy grows fastest in MENA region at 10.5%

The emirate has launched a number of initiatives in recent years as it focuses on diversifying its economy away from oil

Atkins wins delivery partner role in Saudi futuristic city

A linear development, The Line, once completed, will be 170 km long and only 200 m wide cognitive city run on 100% clean energy

The development’s infrastructure will be embedded with sustainable smart technology containing essential utilities and transportation services

Lebanese pound drops to new low against dollar

The UN says the depreciation has already translated into a surge in fuel prices in a country where 80 percent of the population lives below the poverty line

Supermarkets have even stopped putting price labels on food items because of the constantly skyrocketing prices

Cash-strapped Egypt sells state assets to Gulf nations

In under a year, the Egyptian pound has lost half of its value, propelling annual inflation in the import-dependent country to 26.5 percent in January

Of the $34.2 billion in Cairo's foreign reserves – a 20 percent drop from February 2022 - some $28 billion are deposits from wealthy Gulf allies

UN pleads for US$397 million to support Syria earthquake victims

Secretary-General Antonio Guterres said the funds would bring "life-saving relief" for nearly five million Syrians and would cover a period of three months

The United Nations has already provided $50 million through its central emergency response fund

UAE and Kuwait link up traffic systems

The Kuwaiti delegation was briefed on the Security Support Operations Room of the General Directorate of Security Support

The linkup of traffic systems would be completed within an integrated Gulf project aimed at exchanging information, unifying procedures and facilitating the services

Private sector has potential to support govts, global organisations, says UNICEF Director

The world needs massive attention across the public and private sector to efficiently address the successive crises besetting the globe, says a key UN official

Private sector must bring its core assets to the table to support the governments and international organizations, adds UNICEF Director Carla Haddad Mardini