Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...
Davos, Switzerland -- The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial...
Abu Dhabi, UAE--The UAE-led ‘Beyond2020’ humanitarian initiative has provided a safe source of water for about 20,000 residents of the...Two small solar-powered water basins were erected in accordance with a groundwater pumping system to provide 20 liters of water per day to residents of the two villages
Beyond2020 offers critical, life-transforming solutions to a broader number of beneficiaries worldwide
Cairo, Egypt-- The Central Bank of Egypt has raised the overnight interest rates by 300 basis points, exceeding expectations. The...The MPC raised the overnight deposit rate, overnight lending rate, and the rate of the main operation to 16.25 percent, 17.25 percent, and 16.75 percent
The latest decision comes a week after after the announcement of a new International Monetary Fund (IMF) $3 billion loan for Egypt
Allaying fears over the future of the Suez Canal, its chairman said the waterway 'is not for sale. The fear...Many fear the fund would undermine the state's sovereignty over the waterway which accounts for roughly 10 percent of global maritime trade
The proposed bill comes with Egypt's economy struggling under growing foreign debt, and the local currency plunging against the dollar
Turkey's latest economic crisis started when Erdogan -- a lifelong opponent of high interest rates -- pressured the central bank...Erdogan relied on support from the working classes to rise to power nearly two decades ago, and will need it again to secure re-election.
On Thursday the Turkish leader said the country would boost the monthly take-home pay to a minimum of 8,500 liras ($455).
The firm must stand trial to face US$12 billion damages claimMore than 400,000 claimants could eventually join the compensation claim against the Australian company in London's High Court.
The 2015 tragedy unfolded after the dam in Brazil's Minas Gerais region ruptured.
Muscat, Oman - Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, has said that the...He stressed the importance of promoting cooperation between the GCC and its international partners to increase the pace of digital transformation.
He also noted the need to enhance the cooperation between the UAE and Oman in developing the digital economy infrastructure.
- Mikati said the economy had grown by nearly two percent in 2022 after two straight years of severe recession that...
He said increased revenues from tourism and a rise in remittances from Lebanese living abroad were factors behind the modest growth.
Mikati has led a caretaker government since a May general election failed to deliver a majority to either of Lebanon's rival power blocs.
Riyadh, Saudi Arabia-- Saudi Arabia's merchandise exports increased by 13.9 percent in October 2022 to SAR 120.7 billion ($32.10 billion),...Merchandise exports increased by 13.9 percent in October 2022 to SAR 120.7 billion ($32.10 billion).
Non-oil exports (including re-exports) increased by 4.4 percent, compared to October 2022, increasing to SAR 24.9 billion from SAR 23.9 billion in October 2021.
ABU DHABI, UAE - UAE's Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Program following the issuance...The program has been designed to raise awareness of the UAE corporate tax law among the largest audience possible.
While the sessions are open to the public, the primary target audience includes business leaders from all sectors.
Abu Dhabi, UAE---The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combatting the...Insurance operators are required to perform, document, and keep up to date an enterprise risk assessment.
They should maintain transaction monitoring systems equipped to identify patterns of activity that appear unusual and potentially suspicious.
