ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...
- Abu Dhabi, UAE-- Applauding the UAE's commitment to trade liberalization, including development of green and digital trade globally, Ralph Ossa,...
The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that...Food and beverages in Kuwait accounted for a whopping increase in prices, while education costs decreased 15.46 percent
Saudi Arabia’s annual inflation increase is due to a 6.4 percent growth in transportation costs and a 1.4 percent rise in food and beverage prices
Turkey's troubled lira on Monday pared back some of its historic losses after President Recep Tayyip Erdogan announced new currency...Erdogan announced a complex series of measures Monday aimed at boosting the lira
The lira reversed a 10 percent loss Monday into a 10 percent gain after Erdogan's announcement
- The most common way to quantify the economic health of a country is by calculating its gross domestic product (GDP).
GDP is the total market value of all the goods and services produced within a country in a specific time period
It is usually calculated on an annual basis, with the time period corresponding to the fiscal year rather than the calendar year
The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be...Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave.
Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society".
Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.
Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.
- Lebanon is in the throes of an economic meltdown that has been called by the World Bank as among the...
The UN stands in solidarity with the people of Lebanon, Guterres said at a press conference with Lebanese President Michel Aoun
However, he added that Lebanese political leaders ‘do not have the right to be divided and paralyze the country’
- The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai...
In 2022, the UAE economy is projected to record an estimated annual GDP growth rate of 3.4 percent
The entire UAE economy began to recover in 2021 by registering an estimated annual GDP growth rate of 3.1 percent
Nayef Steitieh told field managers in his ministry and across governorates to also look to replace expatriate workers with those...Jordan’s Minister of Labor Nayef Steitieh on Saturday, December 19, called for investing in e-transformation
The move is expected to save time and effort of beneficiaries from the ministry's directorates and governorates
- Morocco’s official recycling aim is 20 percent garbage by 2022 which has been moved to 2030.
No domestic organic waste is treated at the factory because “it’s too expensive”
Official data shows that 66 illegal rubbish dumps in Morocco have been regularized or closed
- Turkey has been rattled by a currency collapse that accelerated by President Recep Tayyip Erdogan’s last-month steps that defy conventional...
The Turkish lira has lost more than 40 percent of its value since the start of November alone
A lira could buy 13 US cents in January, but was worth less than half that this month
