Export Bahrain and HKTDC sign agreement to ramp up trade ties
Manama, Bahrain--Export Bahrain and Hong Kong Trade Development Council (HKTDC) have signed a strategic partnership agreement to strengthen trade ties...Business Economy
UAE insurance sector grows with rise in gross written premiums in Q3 2023
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has said that the UAE insurance sector continued to...Economy
Global Business Forum ASEAN ends, records 1,368 participants
A total of 1,368 delegates from 58 countries – including 250 virtual participants – attended the first edition of the...GBF ASEAN was held 8-9 December and organized by Dubai Chamber in partnership with Expo 2020 Dubai under the theme ‘The New Frontiers’.
The Forum is part of Dubai Chamber’s flagship Global Business Forum series, which was launched in 2013 to explore economic opportunities in Latin America and Africa.
Iran plans to double exports to neighboring countries in four years
Iran plans to double exports to regional countries within the four-year term of President Ebrahim Raisi, though the target is...The target is achievable even within the next two years and a half, said Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari.
Iran’s exports to Uzbekistan have grown from $120 million to $500 million during the past two months
Stocks dip in Asia ahead of US inflation figures
Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing...Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing higher last month
And next week's Federal Reserve meeting might offer clues as to the pace of tapering and interest rate increases
Sweden to support Gaza early recovery program through UNDP
The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population.The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population
The program will also prioritize women-headed households and persons with disabilities and provide them with cash assistance to address their accommodation needs
Saudi Arabia, Bahrain review ways to boost ties
The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.The two sides agreed to enhance cooperation on international climate policies
They will also look to focus on emissions rather than sources through the application of the Circular Carbon Economy approach
Lebanon currency nosedives after central bank move
Some observers predict the Lebanese pound could drop to a rate of 40,000 against the dollar or worse in the...Depositors will now be allowed to withdraw limited amounts of their dollar deposits in Lebanese pounds at double the previous rate
Black market value of the pound has started slipping back towards last month's record of 25,700 to the dollar
Gates visits Dubai Expo, urges attainment of Sustainable Development Goals
During the tour, Gates was briefed on the ‘Ideabatic’, a low-cost innovation developed by Kitty Liao of the UK.During the tour, Gates was briefed on the ‘Ideabatic’, a low-cost innovation developed by Kitty Liao of the UK
Gates urged the world to speed up the implementation of its commitments to the Sustainable Development Goals 2030
UAE’s curtailed working week rule welcomed
UAE is the first country in the world to offer a national work week that is shorter than the five-day...Government entities will have 7:30am-3:30pm workdays from Monday to Thursday, while working hours in the private sector may last till after 5pm.
The new system will allow federal authorities to use flexible working hours and the remote work system on Fridays.
Gulf boardrooms still a man’s world
Female representation on boards and at higher levels across the Gulf is trailing behind much of the rest of the...Research from McKinsey & Company shows that organizations with greater diversity among their executive teams enjoyed both greater profits and longer-term value.
McKinsey’s research also found that companies with low rates of both gender and racial diversity are 29 percent more likely to make less money.
UAE biggest trading partner of Australia, relations between two growing
The UAE is Australia’s largest trading partner and the second-largest source of investment in the Middle East, said Justin McGowan,...Annual trade between the two countries is valued approximately at AU$9.8 billion ($7.1 billion).
More than 250 Australian companies are based in the UAE, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai.
