High inflation leaves Nigeria struggling ahead of Ramadan
Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...Culture & Society Economy Geostrategy
Qatar and Estonia sign agreement to avoid double taxation
Doha, Qatar--Qatar and Estonia have signed an agreement to avoid double taxation and prevent income tax evasion.The agreement was signed...Economy
Egypt ranks globally fifth in remittances
Although the remittances grew by an estimated 5 percent in 2022, they were lower than the 10.2 percent increase in...Remittances to low- and middle-income countries withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion.
The growth was, however, lower than the 10.2 percent increase in 2021, World Bank Migration and Development Brief said in a report in Nov 2022.
London FTSE hits new record peak at open
LONDON, UK - The London stock market jumped to a record peak Tuesday in a positive open across Europe, after hefty...The British capital's benchmark FTSE 100 index of top companies reached as high as 7,986.20 points.
In the eurozone, Frankfurt's DAX added 0.2 percent to 15,428.55 points and the Paris CAC 40 grew 0.3 percent to 7,231.64.
Most Asian markets track Wall St rally ahead of US inflation data
The consumer price index is forecast to have dipped to 6.2 percent last month from 6.5 percent in December, according...After a bright January, traders have endured a shaky couple of weeks as they contemplate more Federal Reserve interest rate hikes aimed at cooling a still-robust economy
The main blow came from jobs report earlier in the month that led central bank officials to insist they will keep tightening monetary policy until prices are brought under control
Dubai’s Urban Plan 2040 ‘a pathway to wellbeing’
The plan envisages that 55 percent of Dubai's population to live within 800 meters or less from public transport stations....Dubai 2040 aims to provide sustainable and flexible mobility options to ease the mobility of people, says said Mattar Al Tayer
The plan envisages that 55 percent of Dubai's population to live within 800 meters or less from public transport stations, he adds
Air Arabia 2022 net profit $326m
FY'22 turnover rose to $1.4 billion, up 65 percent YoY.The average seat load factor – or passengers carried as a percentage of available seats – for the full year stood at a high 80 percent.
Air Arabia’s Board of Directors proposed a dividend distribution of 15 percent of share capital, which is equivalent to 15 fils per share.
DEWA, ENOC sign MoU
Aim is to develop hydrogen-based mobility pilot project.The MoU between DEWA and ENOC was signed at the World Government Summit 2023 in Dubai.
The project will utilize DEWA's existing green hydrogen production facility and ENOC's knowledge of the fuel market.
Empower 2022 net profit $762m
Firm has proposed dividend of S$115 million for 2nd half 2022.The quality and sustainability of its services and advanced infrastructure has made it one of the world's largest player in the district cooling industry.
This performance reflects the confidence in Empower by its customers and stakeholders, and the economic boom of Dubai.
UAE minister stresses importance of data protection at WGS
Dubai, UAE--Ohood Al Roumi, the UAE's Minister of State for Government Development and the Future and Vice Chair of the...Al Roumi said that the future belongs to those who succeed in employing data to drive progress and innovation
She stressed the importance of establishing joint efforts between governments, decision makers, and societies to protect data and enhance data regulations
Qatar to send 10,000 World Cup cabins to Turkey and Syria
To house millions of people who lost homes in the devastating earthquake, Qatar will send some 10,000 cabins and caravans...The mobile homes were used for a few weeks when Qatar hosted the football World Cup last year
Sheikh Tamim bin Hamad Al-Thani visited Turkey on Sunday, the first foreign leader to do so since last week's quake
UAE leads as ease in doing business makes prospects bright for small startups, self-employed across GCC
The market for small startups and self-employed entrepreneurs will boom due to lower startup cost amidst policy reforms and more...The UAE leads the pack as startups across GCC expect growth to continue as new laws make it easier for them to do business in the region, Be Unique CEO Dariush Soudi tells TRENDS
"There will be a huge increase in blockchain platforms," he says, adding that this increase will come with a greater need for cyber security, programming and data analysis
