Japan quake death toll jumps to 161, 103 missing
According to authorities in the central Ishikawa region hit by the 7.5-magnitude quake, the number of people unaccounted for fell...Economy
Global maritime trade sails into geopolitical storm
Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which...Business Economy
Is Gulf luxury sector immune from inflation?
However, just because there is inflation doesn't mean that people aren't spending, but they are spending differently. The that sales...The luxury industry in the GCC, is experiencing strong growth and closed 2021 above pre-pandemic levels
Changes in tourism flows significantly impacted the luxury market in 2020 and the first few months of 2021
Equities rise as Powell soothes rate fears, oil presses higher
Traders were given a much-needed shaft of light on Wednesday when the Fed boss eased concerns over its plans for...Traders were given a much-needed shaft of light on Wednesday when the Fed boss eased concerns over its plans for tightening policy
Powell told lawmakers he was in favour of a moderate pace of rate increases, with a 25-basis-point lift this month
Diginomics helps revive region’s consumer confidence
It is becoming incredibly important for organisations, brands and brand owners to prioritise the refinement of their products and services....Armed with AI algorithms, tech startups, direct-to-consumer players, fintechs, edtechs, regional economies are becoming more digitally resilient
It is becoming incredibly important for organisations, brands and brand owners to automate processes that are otherwise time consuming
TAQA to recommend $600m dividend
The company has already paid $500m in quarterly dividends.The dividend payment will be in addition to the final payment of AED1.2 billion ($330 million).
AED1.9 billion ($500 million) (1.65 fils per share) have already been paid in quarterly dividends.
Central Bank of UAE approves creation of 5,000 jobs for Emirati nationals
The Central Bank of UAE has approved the creation of 5,000 new jobs by the end of 2026 for Emirati...The jobs have been announced as part of the Emiratization of managerial positions in the banking and insurance sectors.
The jobs will be created in coordination with the Emirates Institute for Banking and Financial Studies and the Emirati Talent Competitiveness Council.
UAE and Israeli firms hold 200 business meetings at Dubai event
The ‘Dubai-Israel: Future Horizons Mission’ was hosted by the Dubai International Chamber, which is one of the three chambers operating...The event was the focus of a high-level trade mission which was joined by 50 businessmen representing 25 Israeli companies listed in Tel Aviv Stock Exchange.
Dubai’s non-oil trade with Israel reached nearly AED 2 billion in the first half of 2021.
Romania-UAE Business Forum promotes economic collaboration
Romanian business leaders were speaking at Romania-UAE Business Forum at Expo 2020 Dubai.Romanian business leaders were speaking at Romania-UAE Business Forum at Expo 2020 Dubai
Private sector representatives from the UAE and Romania called for harnessing available opportunities to create joint investment ventures
Biden says US will contribute half of 60 mn emergency oil barrel release
The United States will contribute half of the 60 million barrels of oil International Energy Agency (IEA) countries agreed to...The decision aims to "send a unified and strong message to global oil markets that there will be no shortfall in supplies," the IEA said in a statement earlier
The invasion came "against a backdrop of tight global oil markets, price volatility, commercial inventories that are at their lowest level since 2014," the statement said
World Bank preparing $3 bn emergency aid package for Ukraine
The IMF and the World Bank have promised to provide financial support to Ukraine, saying that they are saddened by...The World Bank will provide $350 million immediately to alleviate Ukraine's humanitarian crisis
The IMF has said it will consider Ukraine's latest request for emergency financing 'as early as next week'
World Bank announces more than $1bn in aid for Afghanistan
The objective of the new aid provided by World Bank is to "protect vulnerable Afghans and help preserve human capital...The World Bank has redirected the funds to UN and UNICEF in response to the humanitarian crisis in Afghanistan
Multi-donor fund ARTF has coordinated international aid to improve the lives of millions of Afghans until the Taliban took over
