Tunisians take to streets to protest economic woes
Head of Tunisia's trade union confederation Noureddine Taboubi said in a speech to protestors that the economic and social situation...Economy
Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...Business Economy Global
DEWA organized 157 health, safety training sessions for employees in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has organized 157 training courses and awareness sessions on occupational health...DEWA organized its 20th Internal Health and Safety Week which featured various activities in aspects of occupational health and safety.
DEWA continues to upgrade the expertise of its staff to reach the highest levels of excellence and quality through ongoing training.
China imports, exports plunge in December: customs
Exports fell 9.9 percent year-on-year to $30.6 billion, China customs said, their second consecutive month of decline and the biggest...The world's second-largest economy is still reeling from the effects of years of its zero-Covid policy, which hammered businesses and supply chains
China began lifting most of the hardline measures at the beginning of last month, but the country has since seen a massive spike in Covid-19 infections
UAE, Saudi Arabia provide Pakistan $4bn lifeline to tide over its economic woes
The UAE pledged to roll over $2 billion in debt due over the next two months, with an additional $1...The UAE agreed to roll over $2 billion in debt due over the next two months, with $1 billion more pledged during Prime Minister Shehbaz Sharif's visit
The Saudi Fund for Development (SFD) signed an agreement in Islamabad to fund $1bn worth of oil imports on deferred payment
Creation of new jobs for Emiratis remains key priority for the govt, says UAE minister Abdulrahman Al Awar
The UAE's Ministry continues to develop the country’s model in economic development through partnership between the public and private sectors...Thanks to the Nafis programme during 2022, there was an unprecedented 70 percent increase in the number of Emiratis working in the private sector, says UAE's minister
The UAE's Ministry continues to develop the country’s model in economic development through partnership between the public and private sectors, the minister adds
Morocco planning agency scales down growth forecast
According to secretary general of the government's High Commission for Planning (HCP) Ayache Khellaf, assuming recovery of agricultural activities, the...Agriculture is a key sector in the kingdom's economy, one of Africa's most dynamic
Last year, the North African country saw its worst drought in four decades
UAE to roll over $2 billion Pakistan’s debt, loan $1 billion more
The agreement comes as Pakistan grapples with a major foreign exchange crisis, holding enough reserves to pay for just three...The agreement comes as Pakistan grapples with a major foreign exchange crisis, holding enough reserves to pay for just three weeks of imports.
Pakistan Prime Minister Shehbaz Sharif arrived in the UAE earlier Thursday for talks with top Gulf officials to seek help for the battered economy.
Iraq’s Prime Minister heads to Germany for energy talks
BAGHDAD, IRAQ - Iraq's Prime Minister Mohammad Shia al-Sudani left Thursday for Berlin to meet with German Chancellor Olaf Scholz and...Despite its oil riches, Iraq is beset by crumbling infrastructure, endemic corruption and decades of war.
Dependent on its powerful neighbor Iran for much of its energy needs, Baghdad seeks to diversify its sources of gas and electricity supply.
US inflation falls to lowest level in over a year
Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed,...The Federal Reserve hiked its benchmark lending rate at a pace unheard of since the 1980s, in hopes of cooling the world's biggest economy.
The consumer price index in December 2022 rose 6.5 percent from a year ago, the smallest increase since October 2021.
Global actions should not derail energy transition, says WEF
GENEVA, SWITZERLAND– The current energy crisis is driving inflation, slowing economic growth, creating social turmoil and the world should not...The WEF report said that steps such as increasing production of electricity from coal or broad-based consumption subsidies, risk derailing energy transition.
The report proposes a framework for a secure energy system to guide countries and policy-makers.
UAE takes part in financial inclusion meet under India G20 Presidency
ABU DHABI, UAE - The UAE participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track...The meeting was held to discuss the Global Partnership for Financial Inclusion work plan for 2023.
G20 members, invited countries, GPFI members, and international organizations such as the World Bank and OECD attended the meeting.
