Economic forum in Amman to enhance trade ties between Iraq, Jordan
AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...Business Economy
European stocks firm as markets await US inflation data
London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while...Business Economy
Costa Rica-UAE bilateral trade up by 292 percent since 2017: Minister
Abu Dhabi, UAE--Costa Rica's foreign minister Arnoldo Andre has said that the trade between his country and the UAE has...For the year 2021, the total trade between both countries reached $49.1 million.
37 Emirati companies have attended a Costa Rican trade fair to learn about the country's productive capacities and its export potential.
Egypt adopting Russian Mir payment system to boost tourism, trade
The Central Bank of Egypt in cooperation with the Egyptian Ministry of Finance, will allow banks across Egypt to access...The Central Bank of Egypt in cooperation with the Egyptian Ministry of Finance, will allow banks across Egypt to access the Russian Mir payment card system later in September
After the Crimean Peninsula was occupied in 2014, Russia developed the Mir system in order to evade sanctions imposed on its ability to transfer funds abroad
Queen’s funeral set to knock UK economy after rebound
Time off work for millions of Britons next Monday means the economy will have had two more public holidays than...Time off work for millions of Britons next Monday means the economy will have had two more public holidays than usual in 2022
The Bank of England (BoE) expects the UK economy to enter recession before the end of the year on decades-high inflation
50 million people stuck in ‘modern slavery’: UN
The United Nations had set a goal to eradicate all forms of modern slavery by 2030, but instead the number...Nearly one out of every 150 people in the world are caught up in modern forms of slavery, the report said
The Covid-19 pandemic, which worsened conditions and swelled debt levels for many workers, has heightened the risk
‘Certainly a risk’ of US recession, Yellen says
An American recession "is a risk when the Fed is tightening monetary policy to address inflation," President Joe Biden's leader...Faced with soaring inflation it reached its highest level in 40 years in June at 9.1 percent,the central bank is gradually raising its key rates
The challenge for policymakers is to quell inflation before it becomes dangerously entrenched, but without sending the US economy into a recession
UAE, Serbian Presidents discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with Aleksandar Vucic, President of Serbia, cooperation between their countries and...The two leaders discussed a number of regional and global issues and developments of mutual concern.
The two leaders explored UAE-Serbia cooperation in investment, economic, trade, science, technology, food security, agriculture, among others.
Dubai’s RTA releases Sustainability Report 2021
Dubai's Roads and Transport Authority (RTA) has published its seventh Sustainability Report 2021. The report showcases RTA's practices in matters...The report showcases RTA's practices in matters related to the environment, society and governance.
RTA had developed a roadmap to achieve zero-emission from public transport means by 2050.
Dubai FDI wins UN award for best practices in tracking investments
The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its...Dubai FDI Monitor tracks and records five different types of foreign direct investment in real-time.
The Monitor tracks and records FDI and new forms of investments using advanced methodology and smart features.
DEWA plans cash dividend for H1
Firm plans to give cash dividend of US$844m.DEWA's first general assembly meeting will be held physically and virtually on October 10, 2022.
The assembly will vote on the recommendation of Board of Directors concerning a cash dividend distribution for H1 2022.
Gas shortage threatens French yoghurt production
The French are big on yoghurt, behind only the Dutch in consumption per capita. It is not only a breakfast...Like many countries, France plans to shut off businesses first if there is not enough gas or electricity, with European nations facing the prospect of energy shortages this winter.
French Prime Minister Elisabeth Borne warned industry leaders at the end of August that energy rationing was a risk this winter and urged them to quickly cut consumption.
