IMF predicts soft landing for global economy, yet growth remains muted
Dubai, UAE - The International Monetary Fund (IMF) in a report has indicated that the global economy is on course...Economy
UAE announces US$2,722 penalty for late corporate tax registration
ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...Business Economy Geostrategy
Fuel crisis cripples life in Syria as authorities ramp up prices
Damascus, Syria-- Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing...Authorities have announced four fuel price hikes since the start of the year as well as rationing of petrol and fuel oil supplies
According to the UN, ninety percent of the population now live below the poverty line and 12.4 million people are food insecure
Germany cuts the ribbon on first LNG terminal
Germany plans to open four more government-funded LNG terminals over the next few months as well as a private terminal...LNG terminals allow for the import by sea of natural gas which has been chilled and turned into a liquid to make it easier to transport.
Until now, Germany had no LNG terminals and relied on cheap gas delivered through pipelines from Russia for 55 percent of its supply.
UAE climate change ministry launches roadmap to plant 100m mangroves by 2030
ABU DHABI, UAE - UAE Ministry of Climate Change and Environment (MOCCAE) launched the roadmap for the National Carbon Sequestration...This is as part of its efforts to implement the UAE's strategic initiative to achieve Net Zero by 2050.
The project is part of the strategic directions of the UAE to increase reliance on nature-based solutions in facing environmental challenges.
UAE participates in First Framework Working Group meeting within G20 Finance Track
BENGALURU, INDIA - The UAE participated in the first Framework Working Group (FWG) meeting within the G20 Finance Track, which...Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023.
The meeting was also attended by G20 members, invited countries and representatives from international organizations.
Jordan arrests 44 after deadly fuel protests
AMMAN, JORDAN - Jordan has arrested dozens of people accused of involvement in protests against rising fuel prices in which a...Jordan's Public Security Directorate said that reinforcements had been sent to the violence-affected provinces.
Jordan's King Abdullah II warned that "anyone who raises a weapon against the state will be dealt with firmly".
Jordan court sentences captagon smugglers to long prison terms
Amman, Jordan--Jordan’s judiciary on Thursday sentenced two men to long prison terms for attempting to smuggle nearly two million captagon...The two men, whose identities have not been disclosed, had attempted to smuggle more than 1.9 million captagon pills from Syria to Jordan in 2021
The Jordanian army reported in February that an organized ring had attempted to smuggle drugs across the border into the country using drones
Lebanese bank faces depositor lawsuit following US court decision
In the midst of Lebanon's three-year financial collapse, banks have tightened controls on withdrawals in both US dollars and the...In the midst of Lebanon's three-year financial collapse, banks have tightened controls on withdrawals in both US dollars and the local currency
Savers have challenged the restrictions in local and international courts, seeking to get back their money promptly in US dollars
Jordan, Iraq agree to extend MoU on importing Iraqi oil
Iraq is currently supplying Jordan with 10,000 barrels of oil per day (bpd).Iraq is currently supplying Jordan with 10,000 barrels of oil per day
The average price of crude oil exported to Jordan reached $75.67
Britain, Dubai to deepen data partnership
There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers.There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers
DIFC is the first financial centre in the MEASA region to engage with the UK Government on an adequacy assessment
Egypt to receive US$3 billion loan from IMF
Washington, United States--The Executive Board of the International Monetary Fund on Friday approved a $3 billion loan to Egypt, with an immediate...IMF said that Egypt is expected to receive, through the EFF program, about US$14 billion in additional financing "from its international and regional partners
As the world's largest importer of wheat, it has been hit hard by soaring grain prices due to the Russian invasion of Ukraine
