The Middle East must counter global economic divergence by enhancing regional financial integration to drive collective growth, Rudolph Lohmeyer tells...
The Federal Reserve kept interest rates at the current target range of 4.25 percent to 4.50 percent after its January meeting, according...
Sharjah, UAE-- Ruler of Sharjah Dr. Sheikh Sultan bin Muhammad Al Qasimi has affirmed that work is underway to complete...He announced the employment of 50 engineers from the region to work on Sharjah Electricity, Water and Gas Authority (SEWA)’s projects
The lake will contain 420 million gallons of water, and it will not only provide Sharjah with water, but it will also reduce the temperature in the city of Al Dhaid
The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two...Amidst the persistent health and economic overhang of a global pandemic and a war in Europe, the world is facing a set of risks that feel both wholly new and eerily familiar
The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two years, the cost-of-living crisis remains the number one threat
Large infrastructure projects -- mainly supported by the Public Investment Fund and National Development Fund -- are expected to boost...Large infrastructure projects -- mainly supported by the Public Investment Fund and National Development Fund -- are expected to boost the Kingdom's economy further.
Private sector accounted for more than half of the increase as the unemployment among Saudi citizens fell from 15.4 percent in Q2 of 2020 to 9.7 percent in Q2 of 2022
Almost two-thirds of chief economists believe a global recession is likely in 2023, with 18 percent of them considering it...In China, expectations of growth are polarized, with respondents almost evenly split between those who expect weak or strong growth.
One positive signal is that supply chain disruptions are not expected to cause a significant drag on business activity in 2023.
DUBAI, UAE - The Chairman of the Dubai Financial Services Authority (DFSA), Fadel Al Ali Monday announced the publication of...The two-year plan outlines an ambitious roadmap to meet the DFSA’s statutory objectives for the Dubai International Financial Center.
The DFSA will be pursuing several key projects that cut across multiple strategic themes.
DAVOS, SWITZERLAND – A report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate...Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods.
The report identifies models for businesses and policy-makers and a roadmap of priorities for countries to improve productivity and sustainability.
European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth,...Investigators from France, Germany and Luxembourg questioned Saad Andary, Lebanon's central bank former vice governor.
The investigators also questioned Khalil Kassaf, a former employee at Lebanon's banking control commission.
RAS AL KHAIMAH, UAE- Ras Al Khaimah Tourism Development Authority (RAKTDA) has announced updates to its holiday homes system. RAKTDA...The updates are part of the Emirate’s efforts to continue diversifying and strengthening its existing accommodation portfolio of four- and five-star hotels and resorts.
These measures will help in driving a sustained tourism economy that benefits not only investors but also its communities.
In a report titled "Survival of the Richest", Oxfam said billionaires had doubled their wealth over the last 10 years,...The very wealthy have grown richer amid the cost-of-living crisis sparked by the Covid pandemic and soaring food and energy prices following Russian war, the report said
Since 2020, billionaire wealth has surged by $2.7 billion a day even as inflation outpaced the wages of at least 1.7 billion workers worldwide, Oxfam said
The ILO said deficits in decent work had been worsened by multiple, overlapping crises, including Russia's war in Ukraine, emerging...As prices rise faster than incomes, the cost-of-living crisis risks pushing more people into poverty, the UN's International Labor Organization said
ILO called for an investment surge in education and training, saying two-thirds of global youth labor force was "without a basic set of skills", which limited their job prospect
