‘Double efforts to tackle labor market challenges’
"The digital economy represents a clear path to employment opportunities. Additionally, exploring other avenues, such as the green economy, is...Economy
Saudi Arabia’s inflation rises to 1.7 percent in November: GASTAT
Riyadh, Saudi Arabia -- Saudi Arabia’s inflation rose to 1.7 percent in November compared with the previous month, according to recent data...Economy
NFTs take Mideast art world by storm
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought...An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online
They include data about the artwork or item, such as the artist's name, the date it was sold, and the buyer's identity
IMF to decide ‘very soon’ on whether Georgieva keeps her job
The IMF Executive Board is reviewing last month's investigation by the law firm WilmerHale that found that during her time...An investigation by a law firm has concluded that she manipulated data in favor of China while in a senior role at the World Bank.
On Thursday Georgieva, 68, said she hoped for an "expeditious resolution" of the case
S&P says global debt could reach about 260 percent of GDP by end of 2021
Global debt levels could reach about 260 percent of gross domestic product (GDP) by the end of 2021, though low...Higher leverage and weakened credit metrics amid the recovery will probably trigger more defaults
The recovery won’t be complete until vaccinations are widespread enough to make people more comfortable to move about
Didn’t reject 2016 IMF report: Lebanon central bank chief
A Swiss newspaper claimed Riad Salameh struck out 14 pages of a 2016 IMF report that warned of economic crisis...Lebanon’s central bank Governor Riad Salameh denied he once rejected portions of an International Monetary Fund report
Swiss newspaper Le Temps said in an article that Salameh struck out 14 pages of the report because it warned of an economic crisis in Lebanon
Fedex arm plans Saudi growth
FedEx Express is a subsidiary of FedEx Corp.FedEx Express will invest more than SAR1.5 billion ($400 million) into the Saudi economy over the next 10 years
This investment will be through talent management as well as local operations and infrastructure
$1.93 billion worth of weekly realty transactions made in Dubai
Real estate and property transactions worth AED 7.1 billion ($1.93 billion) were recorded in Dubai during the week ending October...A plot of land sold for AED 33 million in Hadaeq Sheikh Mohammed Bin Rashid.
The highest number of transactions, valued at AED 126.61 million, were recorded in Al Hebiah Third.
Brazil plans to attract 1 million tourists from Middle East by 2024
Brazil's tourism minister has said the country is planning to attract about a million tourists from the Middle East in...Brazil is in touch with Emirati officials for operating more direct flights to Amazon and northeast regions, says tourism minister.
Annual outbound and inbound tourist traffic from Brazil to the Middle East is around 125,000 and 120,000 respectively at present.
Dubai set to achieve clean energy targets by 2050
It is the Emirate’s goal to meet three-fourths of its energy requirements with clean sources, which would make it a...The Dubai Electricity and Water Authority (DEWA) has attracted US$10.89bn investments from the private sector and foreign banks
It is the Emirate’s goal to meet three-fourths of its energy requirements with clean sources, which would make it a global hub for clean energy and a green economy
World Bank sees ‘uneven, tenuous’ Mideast recovery
The region’s per-capita GDP is forecast to grow by only 1.1 percent this year after declining by about 5 percent...The World Bank said the pandemic had seen the region’s economies shrink by 3.8 percent in 2020
This in part due to public health systems’ lack of preparedness to deal with the health crisis
Jordan talks economic cooperation with Denmark
Jordan’s Minister of Planning and International Cooperation Nasser Shraideh, have held discussions with Danish Minister of Development Cooperation Flemming Mortensen...Jordan has called on Denmark to increase the support it gets, and focus on economic and employment opportunities programs
Denmark said it is ready to continue supporting Jordan and searching for additional ways to strengthen bilateral relations
