Dubai’s assets in endowment sector reaches US$2.8bn
DUBAI, UAE – Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that under the guidance of Vice...Economy Geostrategy
European tourists make a beeline for Sharjah as 400,000 visit in 2023
Sharjah, UAE-- Nearly 400,000 visitors from Europe have traveled to Sharjah during last year, marking a notable 28 percent increase...Economy
Investors’ choices shape future of economy in a region
Sharjah is a gateway to the markets of the Gulf region, with a GDP of US$1.6 trillion. It provides a...There are rich investment options and promising opportunities available in the UAE, says Sharjah FDI Office CEO Mohammed Juma'a Al Musharrakh
The strategic distribution of capital between key economic sectors will help maintain growth, stability and sustainability, adds Al Musharrakh
Loopholes in corporate governance, political interest hinder battle against corruption across Arab world
The UAE and few other countries figure at the top of the Transparency Index in the region, but this doesn't...The UAE and few other countries figure at the top of the Transparency Index in the region, but this doesn't mean that they have an excellent performance globally, says an expert.
Though it is at the top among the Arab countries in the transparency index, still the UAE has been on the radar of FATF for money laundering
US trade deficit widens in 2022 to record on strong imports
US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping...This marks the biggest deficit in government data dating back to 1960.
In December, the trade deficit expanded $6.4 billion to $67.4 billion, said the Commerce Department.
Stocks steady, dollar higher on US rate-hike expectations
Stock markets largely steadied and the dollar rose with traders forecasting US interest rates to keep climbing following last week's...January's rally for equities was halted as investors contemplate an extended period of high borrowing costs.
Leading Asian stock markets and London managed gains Tuesday after all three main indices on Wall Street kicked off the week with losses.
DEWA updates strategic plan to include achieving net-zero by 2050
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has updated its strategic plan, adding achieving net-zero by 2050 to...DEWA is steadily moving towards reducing its carbon footprint to achieve a sustainable net-zero carbon by 2050.
The production capacity of clean energy in Dubai is around 14 percent of total power generated.
UAE Pension Authority to focus on awareness among Emirati employees
ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) of UAE has announced its key strategic objectives...The authority said that it serve the community with utmost promptness and professionalism.
There are presently 95,935 Emirati employees working in 9,082 federal, government and private entities in the UAE, who are insured by the GPSSA.
Lebanese banks start strike to press measures to tackle financial crisis
Lebanese Banks Association is demanding a capital control law that would enshrine informal restrictions on withdrawals in hard currency and...Lebanese Banks Association is demanding a capital control law that would enshrine informal restrictions on withdrawals in hard currency and Lebanese pounds
The Lebanese liquidity crisis first imploded in August 2019, and was further aggravated by both the COVID-19 pandemic in Lebanon and the 2020 Beirut port explosion
UAE to send humanitarian aid worth US$13.6m to Syria
Hours after the earthquake killed at least 1,000 people and caused massive level of destruction in Syria, the UAE has...According to the official media, Emirati Prime Minister Sheikh Mohammed bin Rashid Al Maktoum "directed urgent humanitarian aid to those affected in Syria"
The UAE said it was planning to establish a field hospital in Turkey and will also send search and rescue teams to Syria, along with urgent relief supplies and emergency aid
Israeli ‘reforms’ may hit economy, fear businesses
Israeli premier Benjamin Netanyahu says the 'reform', which will give Israel's parliament the power to override court decisions with a...Israeli premier Benjamin Netanyahu says the 'reform', which will give Israel's parliament the power to override court decisions with a bare majority, won't impact the economy
Critics say the move will give unlimited power to cabinet and destroy Israel’s delicate system of checks and balances, They accuse Netanyahu of pushing the change to escape jail
UAE tops globally in tertiary education
For the 12th year in a row, Switzerland leads the ranks on the Global Innovation Index. South Korea was the...The 2022 GII says it tracks the most recent global innovation trends against the background of the pandemic, slowing productivity growth and other evolving challenges.
It looks at whether stagnation and low productivity growth are here to stay, or whether we are about to enter a new era, where new innovation spurts.
