The World Bank said in its interim damage assessment, this is equivalent to 97 percent of the combined economic output...
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
China on Friday announced it would cut a key interest rate as the country fights to boost its virus-hit economy...The five-year loan prime rate (LPR) is 4.45 percent," China's central bank said on Friday
The one-year loan prime rate, which guides how much interest commercial banks charge to corporate borrowers, remained unchanged at 3.7 percent
Tourism is deemed one of the future sectors and a key focus area in the UAE’s development vision for the...According to tourism figures for Q1 2022, the country's hotel establishments attracted nearly 6 million visitors
The average duration of hotel guest stays reached 25 percent during the same period, up from 3 nights to 4 nights
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with Turkey’s export...The two export credit agencies will work together to facilitate trade and export and ease access to credit insurance and project financing, ECI said in a statement.
Turkey is the UAE’s seventh-largest trading partner, with the non-oil trade between the two reaching AED 49.4 billion.
Government sector employers are mandated to bear full contributions due from the insured in cases where he/she is accompanying a...The responsibility to pay contributions due by insured individuals varies depending on the reason for the leave granted by their employers.
Both the insured and the employer bear their share of contributions according to what the law has determined in the case of a paid leave.
- The non-oil trade between Germany and the UAE amounted to $9.5 billion during 2021, a 10.5 percent increase compared to...
"Our economies are both very much geared for the possibilities of the future," Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade
Al Zeyoudi said that Germany has become UAE's most important trading partner in the Middle East.
- "We must end fossil fuel pollution and accelerate the renewable energy transition before we incinerate our only home," Secretary-General António...
"We must end fossil fuel pollution and accelerate the renewable energy transition before we incinerate our only home," Secretary-General António Guterres said
Guterres called for a new global coalition led by governments and bringing together tech companies, manufacturers and financiers to fast-track innovation and deployment
Last year, new internal displacements from conflict surged to 14.4 million marking a 50-percent jump from 2020 and more than...Last year, new internal displacements from conflict surged to 14.4 million marking a 50-percent jump from 2020 and more than doubling since 2012, the report showed
More than eight million people have already been displaced within the war-ravaged country since Russia's invasion of Ukraine began in February
An independent United Nations expert said Wednesday that the impact of sanctions imposed by the United States on Iran was...A 12 day visit of UN expert in Iran comes during the ongoing protest in country over rising prices of food and soaring inflation
In 2018, then-US president Donald Trump withdrew from the deal and imposed crippling sanctions on Iran
The meetings this year are being held to deliberate major economic and geopolitical developments characterized by the noticeable decline in...The meetings this year are being held to deliberate major economic and geopolitical developments characterized by the noticeable decline in the COVID-19 pandemic
The meetings will provide an opportunity to study and explore ways to further consolidate economic relations amongst IsDB member countries
- Saudi Arabia may see a rise in inflation as global food and energy prices surge amidst the ongoing Russia-Ukraine war,...
Inflation will continue to rise in the kingdom, exceeding 3 percent by year-end, Alexander Perjessy, Vice-President, Senior Analyst, Moody’s Investors Service, tells TRENDS
The Kingdom’s annual inflation reached 2.3 percent in April 2022, up from 2 percent in March 2022, according to the latest data released by the General Authority for Statistics
