World’s five richest men doubled their fortunes since 2020: Oxfam
A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week,...Economy Geostrategy
Several MoUs signed at Future Minerals Forum in Saudi Arabia
RIYADH, SAUDI ARABIA – The third edition of the Future Minerals Forum (FMF), organized by the Kingdom’s Ministry of Industry...Business Economy
Tunisia president decrees he will name electoral chief
The election commission, created in 2012, has currently nine members with its president appointed by parliament.Tunisia's president will name three members of the electoral commission, including its president
Saied has inaugurated a 'temporary' council of judges to replace an independent watchdog
Iran exports to Africa up by 107% to $1,195m
The first five countries for Iranian exports were Ghana ($353 million), South Africa ($254 million), Nigeria ($125 million), Mozambique ($98...The first five countries for Iranian exports were Ghana ($353 million), South Africa ($254 million), Nigeria ($125 million), Mozambique ($98 million), and Kenya ($77 million)
Sixth to tenth were Sudan with $73 million, Algeria with $67 million, Tanzania with $55 million, Somalia with $29 million, and Ethiopia with $11 million
High stakes: France braces for Le Pen-Macron showdown
President Emmanuel Macron is the favorite to win re-election in the run-off ballot on Sunday, and there are indications he...If Le Pen wins, she becomes modern France's first far-right leader and first female president
Macron’s victory would make him the first French president to win re-election in two decades
AMF signs MoU with Afreximbank
Buna and PAPSS will act as payment gateways that link the Arab region to the African continentBuna and PAPSS will act as payment gateways that link the Arab region to the African continent
The collaboration will support the growth of trade and investments between the Arab region and Africa
GCC FMCG market faces headwinds
Certain FMCG companies benefited from the pandemic since people spent more time at home baking and spending time together. As...Rising worldwide raw material and transportation costs have put pressure on FMCG profits
The current global issues caused by rising oil prices is also impacting consumers and prices
Lebanon annual inflation surges more than 200%
Annual Inflation in Lebanon has spiked to 208 percent in March despite the intervention of the country's Central Bank. According...According to the government data, transportation costs rose 489 percent compared to March 2021, with health expenses up 441 percent
Food and beverages climbed 390 percent, while restaurant and hotel costs went up by 349.45 percent
Eurozone posts growth in April despite Ukraine war
Economic growth in the eurozone accelerated and hit a seven-month high in April, a key survey showed on Friday, despite..."The eurozone has therefore started the second quarter on a stronger-than-anticipated footing, confounding consensus expectations of a slowdown," said S&P
The automotive sector took the hardest hit, with production levels falling sharply in April -- and at a faster rate than in March, the survey said
Sustainable development hinges on fate of world’s cities
Martha Delgado, President of the UN-Habitat Assembly called for resilient, sustainable “smart cities” that are more inclusively governed and better...Martha Delgado, President of the UN-Habitat Assembly, called for resilient “smart cities” that are inclusively governed
Upgrading slums and addressing the housing affordability crisis remain the highest priorities for countries
Saudi Arabia taps Fawaz Alhokair and Partners to support designers
The MoU is expected to help the commission as well as the company to support Saudi fashion designers.As part of the agreement, Saudi fashion designers will benefit from the support of platforms managed by Fawaz A Alhokair and Partners Co
The two parties will also collaborate on sustainability programs and projects, with implementation supervised by specialized teams in both parties
UAE’s central bank launches two new notes made of recyclable polymer
The Central Bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of...The new banknotes are the third issue of the national currency, following the success of the initial 50-dirham polymer note.
The bank said the new notes are more durable and sustainable than traditional cotton paper banknotes, lasting two or more times longer in circulation.
