UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...
The rise of the gig economy has led to significant shifts in employment, with workers increasingly balancing multiple income streams....
Most of the respondents in the poll feel that GCC will weather the gathering economic storm and come out unscathed,...Some 43.3 percent of the respondents said GCC would not be hit by a recession, and 40.2 percent felt that economies cannot escape it
The IMF research predicts that Kuwait would have the highest GDP growth rate at 8.7 percent in 2022 among GCC countries
Nearly 200 migrants attempting to reach Europe across the Mediterranean Sea were intercepted by Tunisian coastguards over the weekend. In...More than 22,500 migrants have been intercepted off the Tunisian coast since the start of the year, around half of them from sub-Saharan Africa
According to EU border agency Frontex, between January and July more than 42,500 migrants used the central Mediterranean route -- the world's most deadly
- About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32...
Management consulting firm McKinsey predicts that 42.6 percent of jobs in the GCC will be automated by 2030, ahead of the global average of 32 percent
As a backup plan against future pandemics, the GCC's business automation strategies evolved quickly during and after the COVID-19 pandemic
- Here are the details of how GCC countries gained in past four years in terms of foreign assets held by...
Here are the details of how GCC countries gained in past four years in terms of foreign assets held by each of the central banks of the region post-pandemic
Saudi Arabia’s foreign reserve assets recorded a jump of SR40.8 billion (US$10.88 billion) during the month of September 2022, reaching SR1756.2 billion
- MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai...
Al Tayer emphasized DEWA’s keenness to consolidate cooperation and exchange expertise with Canadian companies.
The DEWA CEO highlighted DEWA’s key development projects and strategic initiatives, especially the technological projects.
Dubai, UAE---The UAE Federal Tax Authority (FTA) has announced that the new "EmaraTax" integrated platform will be launched later this...EmaraTax will significantly enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refund.
The new platform also greatly enhances the ability of the FTA to administer taxes in the UAE.
- The exchange rate reached more than 5,000 Syrian pounds to the US dollar for the first time since the start...
The new unofficial rate means the currency is now worth almost 99 percent less on the black market than the official rate before the start of the conflict.
The collapse of the pound has driven up the price of goods and aggravated hardship.
Stock markets and oil prices slumped as investors grow fearful that more big interest rate hikes will tip economies into...Traders had hoped that bumper rate increases by the US Federal Reserve this year would begin to drag on the economy and slow runaway prices.
Chip manufacturers globally took a pounding from new US export controls.
The Ministry of Human Resources and Emiratization (MoHRE) of UAE announced that an 'Unemployment Insurance Scheme' for employees of the...The insured will be compensated with cash for a specific period of time if they lost their job until they find another employment
The compensation will be paid monthly, calculated at 60 percent of the employee’s subscription salary.
German Chancellor Olaf Scholz criticized US climate protection plans that would shield domestic companies from foreign competition, saying they could...European Union officials have in recent weeks spoken out against planned US tax credits for the domestic electric vehicle market.
South Korea has also voiced its displeasure, calling the new rules favoring American e-cars a "betrayal".
