France flooded with applications for electric car leasing scheme
Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...Business Economy Energy Climate Change
Middle East needs strong Saudi Arabia, says kingdom’s finance minister
Dubai, UAE-- Saudi Arabia's Finance Minister Mohammed Al-Jadaan said the Middle East needs a strong Saudi Arabia to contribute and...Business Economy
Qatar government, banks behind its strong economic show: CEOs
The measures adopted by Qatar’s government and Qatar Central Bank proved decisive in countering the negative impacts of pandemic and...The CEOs focused on various issues like environmental and social practices, corporate governance.
Future prospects of Qatar's economy are stable, as its banking sector enjoys flexibility and quality with high capital and liquidity, said Qatar National Bank CEO.
ADGM invites public feedback on changes to commercial legislation
The Abu Dhabi Global Market (ADGM) has invited public feedback on the proposed amendments to its commercial legislation. As part...As part of ADGM’s ongoing enhancement of regulatory framework, its Registration Authority (RA) is proposing changes, including the introduction of a late filing fees framework.
Rather than attracting a penalty, certain late filings will attract a late filing fee of $150 per month, capped at three months.
Sudan lifts state of emergency imposed since coup
Sunday's decision came after a meeting with senior military officials recommending the state of emergency be lifted and people detained...Burhan who vowed to free political detainees arrested in the 2021 crackdown has now lifted a state of emergency to set the stage for talks among Sudanese factions
Military officials of Sudan recommended allowing the live TV unit of Al Jazeera to resume operations which was banned for "unprofessional" coverage of protests
Kuwait works with World Bank to implement national youth policy
The policy also aims to increase the number of beneficiaries from the capacity building programmes and measure the efficacy of...The policy also aims to increase the number of beneficiaries from the capacity building programmes and measure the efficacy of the youth projects
The partnership has two axes - investment in human resources, and empowering the private sector to drive economic growth and create job opportunities
Equities make broad rally as China relaxes Covid curbs
Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some...The gains extended a positive end to last week for global equities with some commentators saying there was a growing hope that the months-long sell-off may have run its course
May jobs data -- due for release on Friday -- should provide a fresh snapshot of the economy and possibly an idea about the Fed's next policy moves
Egypt looks to double exports to $100bn: PM
Egypt has set its eyes upon doubling exports to $100 billion in the next few years, and building a 'strategic...Madbouly said the world is today witnessing governments and peoples suffering from inflation and high prices
He pointed out that integration and coordination with the UAE and Jordan will contribute to achieving an important part of self-sufficiency
UAE, Egypt, Jordan partner for sustainable economic growth
The countries allocated a US$10bn investment fund, to be managed by ADQ Holding, to accelerate the partnership objectives.The countries allocated a US$10bn investment fund, to be managed by ADQ Holding, to accelerate the partnership objectives
The partnership seeks to enhance growth across food and agriculture, fertilisers, pharmaceuticals, textiles, minerals, and petrochemicals
Algorithm can sort out traffic mess: Israeli IT firm
Israel's traffic congestion ranks near the worst among developed economies but an algorithm can help, says one of the country's...EcoMotion's founder Meir Arnon told AFP that surging global interest in smart mobility had made Israel an auto industry player
AI software collects real-time data from road cameras and then sends instructions to manipulate traffic lights based on vehicle flows
Saudi Chambers, French group to cooperate in entertainment sector
The Federation of Saudi Chambers, represented by the Saudi-French Business Council, will host a key French delegation representing the entertainment...The French delegation comprises 30 business owners and major French entertainment companies in the field of amusement parks, and manufacturing sports products.
Some 100 business owners and Saudi entertainment companies and the national entertainment committee at the federation could participate in the meeting.
Unemployment insurance to cut UAE business risk
The insurance is being hailed as a step in increasing the attractiveness of the UAE labor market and its ability...The employees who lose their jobs will receive cash support for a period of time until the employee finds another job.
The decision is significant given the fact that unemployment rate in the country is one of the lowest in the world.
