GCC countries follow US Federal Reserve’s lead in holding interest rates
Abu Dhabi, UAE – The Central Banks of the United Arab Emirates and Qatar have chosen to maintain their current...Economy
CBUAE joins the Gulf payments system AFAQ
Abu Dhabi, UAE -Â The Central Bank of the UAE (CBUAE) joined AFAQ Payments System, which is operated by the Gulf...Business Economy
Higher oil prices, widespread vaccine roll-out to drive Saudi economic rebound: S&P
Saudi Arabia’s economy will benefit from higher oil prices and its successful COVID-19 vaccine roll-out, ratings agency S&P Global has...Growth is heavily observed in non-oil sectors, particularly in real estate where the government aims to drive national home ownership to 70 percent by 2030
The semi-annual review from S&P affirmed the A-/Stable/A-2 sovereign rating of the Kingdom, attributing it to a positive post-pandemic performance
Lebanon reforms will get foreign aid flowing: UNSC
The common belief in the international community is that the reason behind Lebanon’s economic crisis is corruption and misgovernance. Thus,...The UNSC has said in its statement that these reforms would help the masses suffering from the economic crisis and the resulting shortages
It added that the reforms would also ‘ensure effective international support’
Greatest shows on earth: How expos changed the world
International expos, or world fairs, draw millions of visitors to a chosen city every few years. Over two centuries these...The first universal exposition took place in Paris in 1798 to show off French industrial know-how.
The record is held by the Chinese city of Shanghai, which drew 73 million visitors in 2010.
Brent crude price jumps above $80 a barrel
With the rollout of vaccines and easing of lockdowns this year, bets on demand for the black gold have surged,...Brent climbed 0.9 percent in morning Asian trade to $80.24, its highest level since October 2018.
The advance comes even as the global economic recovery shows signs of slowing owing to supply chain issues
Revelations at Expos in the Past: Ketchup, Eiffel Tower, telephone
As Expo 2020 opens in Dubai on Friday, hoping to attract millions of visitors with its imaginative pavilions and technological...The most famous Expo was perhaps the Paris 1889 edition, where the Eiffel Tower by architect Gustave Eiffel was unveiled.
Alexander Graham Bell's telephone was first demonstrated to the public at the Philadelphia world fair in 1876.
Dubai Expo unveils its gleaming pavilions
Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region...Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region with estimates of 25 million visitors over its six-month lifespan
The fair is another feather in the cap for Dubai, which has long strived for recognition with achievements such as the Burj Khalifa, the world's tallest building at at 828 metres
Expectations rise for Expo 2020 gains to materialize
A study published said projections for 2019 indicated investments that would generate long-term returns of up to $33.3 billion.The mega event is expected to create 905,200 job opportunities.
A survey ahead of Expo 2020 by the Dubai Chamber of Commerce and Industry maintains Dubai’s economy was recovering.
Expo 2020: Cisco operating next generation IT network
The company, the Expo's 2020 official partner, is ready to greet visitors and provide them with the most up-to-date digital...The company, the Expo's 2020 official Digital Network Partner, is ready to greet visitors and provide them with the most up-to-date digital solutions
It will deploy 20,000 secure endpoints across the site to deliver industry leading connectivity
Lebanon reaches out to Arab countries
Lebanese Prime Minister has confirmed that his country has reached out to Arab and Gulf nations for help, but the...Lebanon Prime Minister Najib Mikati has said his country has reached out to Arab nations
However, there is no set date when a Lebanese delegation may visit them for help
Cyber-pandemic quickened UAE digital push
Mohamed Hamad Al Kuwaiti has said the UAE is fully equipped to transition into AI for governance and economy.The UAE has attained high ranks in many global cybersecurity indexes
Moving into an AI government and economy involves sector-wise perspectives
