The tariff announcements rattled stock markets while safe haven gold hit a new record high, oil prices fell and the...
- Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while...
Abu Dhabi, UAE--UAE Banks Federation (UBF) organised a virtual workshop on combating trade-and-credit-documents-based money laundering on Wednesday. The workshop comes...The workshop comes as part of UBF's ongoing efforts to improve frameworks and procedures necessary to develop and maintain the highest levels of compliance
UAE Banks Federation is taking numerous steps and initiatives to make banks and financial institutions more resilient to risks and educate the customers and public
The Middle East has made significant progress in advancing gender diversity in the workplace through measures such as generous parental...While more companies are paying closer attention to Diversity, Equity and Inclusion issues in the region, only 8% of seats in Saudi Arabia and 17% in UAE went to women last year
However, there's progress in enabling gender diversity in Middle East such as generous parental leave policies and flexible working arrangements for reintegration after long breaks
Abu Dhabi, UAE - UAE's Minister of Economy Abdullah bin Touq Al Marri said Wednesday that in 2022, the UAE...The country is implementing comprehensive economic initiatives to increase the capacity of the national business environment to attract capital.
The UAE has utilized advanced technologies to develop capacities and meet the growing demand in these sectors.
- Beirut, Lebanon--Lebanon intends to triple the tariffs it charges on imports in local currency, as the state seeks to boost...
Youssef Khalil, caretaker finance minister, requested to change the rate at which customs fees are calculated from 15,000 pounds per USD to 45,000 pounds
Cabinet responded with a letter saying it had no objections given the move would "secure additional revenues to help revive the public sector."
- Doha, Qatar--Egypt and Qatar have signed an agreement to eliminate double taxation on income and prevent tax evasion and avoidance,...
The agreement includes terms related to international maritime and air transportation, joint ventures, dividends, interests and royalties
It comes within the framework of bolstering bilateral economic relations and shoring up cooperation in several fields
- Children in Iraq work as apprentice mechanics and rubbish collectors, in shisha cafes or hair salons, and washing car windows...
Despite its oil riches, nearly one-third of Iraq's 42 million inhabitants live in poverty, according to the United Nations
UNICEF has been working with authorities in Baghdad to support a system of social protection that could lift children out of poverty
Istanbul, Turkey -Turkey’s economy posted 5.6 percent growth in 2022, growing faster than expected last quarter as the government ramped...Household spending, which is estimated to account for more than half the economy, grew an annual 16.1% during Q4 2023
The global lender said it would lower its 2023 growth forecast by about half a percentage point from its initial 3.5%-4% estimate
- PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda...
The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to a "duty of vigilance"
It is a 2017 law that compels companies to avoid grave harm to human rights, health, safety and the environment
The situation has been made worse by a crisis facing the agricultural sector, which makes up 14 percent of gross...Inflation is adding extra pressure just as Morocco prepares for Ramadan, the Islamic fasting month which starts in late March.
"Everything's more expensive," said Khadija El Asri, a resident of the down-at-heel neighborhood of Sidi Moussa.
US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and...Oil prices rebounded, while the pound extended gains won on Brexit deal alterations.
Eurozone bond yields surged higher, with the yield on the benchmark German 10-year government bond rising to a 12 year high.
