EDB’s contribution to UAE’s industrial GDP in 2023 rises to US$1.1bn
ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...Business Banking & Finance Economy
WTO chief economist applauds UAE ‘commitment’ to trade liberalization
Abu Dhabi, UAE-- Applauding the UAE's commitment to trade liberalization, including development of green and digital trade globally, Ralph Ossa,...Economy
AirAsia branch in Cambodia soon
Venture would start with two aircraft and expand to 15.The latest move to reorganize the Malaysia-based firm's network comes after setbacks in recent years.
The firm's future airlines would also be based in Southeast Asia as it was a familiar region.
Britain fines Santander US$132m
Firm fined due to gaps in anti-money laundering controls.The Financial Conduct Authority said that it had concluded Santander UK failed to properly manage its anti-money laundering systems between December 2012 and October 2017.
Santander UK had taken action to address the issues once they were identified.
Israel’s Netanyahu requests more time to form government
The November 1 election put former premier Netanyahu in a position to form a stable, right-wing government, ending an unprecedented...President Isaac Herzog on November 13 tapped Netanyahu to form a government with the backing of factions representing 64 out of 120 lawmakers in parliament
Likud announced early Thursday a deal with a fourth party, Shas, that gave the ultra-Orthodox Jewish party five ministerial positions
Japan provides $110m soft loan to support Jordan’s energy sector
The loan is part of Japanese government's pledges to the Jordanian government at the 2019 London Conference.The loan is part of Japanese government's pledges to the Jordanian government at the 2019 London Conference
Japanese ambassador Okuyama said that the loan would support the Jordanian government's comprehensive reform efforts
UAE leads Arab world in IMD World Talent Ranking 2022
The country was ranked among the top ten in nearly 30 percent of the report’s indexes.The country was ranked among the top ten in nearly 30 percent of the report’s indexes
World Talent Report is published annually by the Institute for Management Development in Lausanne, Switzerland since 2013
Abu Dhabi Chamber inks 3 pacts to drive economic growth
ABU DHABI, UAE - As part of its participation in the first edition of the Abu Dhabi International Food Exhibition...The MoUs are a part of the chamber’s efforts to drive economic growth in Abu Dhabi and support investment in vital sectors.
As part of its efforts to support start-ups and SMEs, the Abu Dhabi Chamber signed a partnership agreement with the Emirates Development Bank.
Qatar Central Bank’s foreign reserves surge 6.82 percent in Nov
Doha, Qatar---The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 6.82 percent to reach QR...The figures issued by the QCB show the bank's official reserves increased by the end of November 2022 year-on-year by about QR 13.169 billion to reach QR 166.109 billion.
The rise has been driven by the increase in the QCB's balances of bonds and foreign treasury bills by about QR 18.896 billion to the level of QR 124.656 billion in November 2022.
Kazakhstan threatens to ban ArcelorMittal after worker death
ALMATY, KAZAKHSTAN - Kazakhstan threatened Thursday to ban global steel giant ArcelorMittal from operating in the Central Asian country after...ArcellorMittal, the world's second largest steel producer, operates a dozen factories and mines in this polluted industrial Kazakh region.
Kazakhstan has in the past imposed fines on ArcelorMittal for non-compliance with ecological standards.
WHO urges malaria funding boost as deaths stay stubbornly high
The World Health Organization called for more funds to help overcome towering challenges in the battle against malaria, which continues...A report highlighted significant remaining challenges, including limited donor funding.
The COVID-19 pandemic has compounded several challenges facing efforts to battle malaria.
WHO member states agree to develop draft of pandemic accord in early 2023
GENEVA, SWITZERLAND - Member states of the World Health Organisation (WHO) Thursday agreed to develop the first draft of a...This zero draft of the pandemic accord, rooted in the WHO Constitution, will be discussed by member states in February 2023.
The agreement by the Intergovernmental Negotiating Body, comprising WHO’s 194 member states, was a milestone in the global process to learn from the COVID-19 pandemic.
