From Saudi Arabia to the UAE and Qatar to Kuwait, governments across the region compete to jumpstart industrial sector but...
Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...
OFID has signed a term loan agreement for $30 million with Banco Regional of Paraguay, the third of its kind...Banco Regional will on-lend from OFID’s loan to small and medium-sized enterprises pr SMEs, particularly agribusinesses
The loans are aimed at SMEs severely disrupted by economic slowdowns as a result of the Covid-19 pandemic
The deposits rose to AED1,928.7 billion at the end of August from AED1,915.1 billion at the end of July.The CBUAE attributed the rise in total bank deposits to a 0.6 percent increase in resident deposits
It also cited a 1.5 percent increase in non-resident deposits for the rise in total deposits
With the world's top economy well on the recovery track, the US central bank has already signalled it will begin...With the world's top economy well on the recovery track, the US central bank has already signalled it will end the financial support put in place at the start of the pandemic
The prospect of higher borrowing costs has put the brakes on a rally across global markets that has run for about a year and a half
Tunisia found itself on European nations' red lists, making it virtually impossible for holidaymakers from major markets including France, Germany...In a good year like 2019, Tunisia registers about nine million hotel stays, and the tourism sector accounts for up to 14 percent of GDP.
Roughly 3.5 million visitors entered Morocco by the end of August, up from 2.2 million the year before.
Apple is unlikely to meet production goals for its new iPhone before the holidays because of a global electronic chip...The firm will have to settle for 80m against the planned 90m iPhone 13s.
Chip shortages were affecting all parts of the industry, not just Apple, said Apple chief Tim Cook.
- The cabinet also approved the 2022 budget, which calls for spending of AED 58.931 billion ($16.05 billion).
The cabinet also approved the 2022 budget, which calls for spending of AED 58.931 billion
A major share of the 2022 budget was allocated to the development and social benefit sectors, at 41.2%, while the infrastructure and financial resources sectors took home 3.8%
Accenture created integrated intelligent systems for Expo teams, nations, vendors and supplier, says Angelo Lorusso, the company's MD and Client...Accenture delivers an integrated solution at Expo 2020 Dubai right from designing, implementing, and running the platforms that power hyper-personalized guest experience
Accenture supports Expo Live – an innovation and partnership program by teaming up with Smart Labour, a UAE-based Expo Live grantee helping blue-collar workers gain new skills
The IMF noted that emerging variants of the novel coronavirus have made policy choices more difficult, with limited room to...The predicted 5.9 percent growth is 0.1 percentage point less than the IMF’s July prediction
The IMF said this revision was due to supply disruptions for some and worsening pandemic dynamics for others
The plots are said to have been issued under the country’s Sakani Housing program, which is a part of Saudi...The Sakani scheme runs in partnership with the private sector
It also channels financing options to people who can also construct their own homes
For the tenth consecutive year, Arab youth have said the UAE is the country they would like to live in...A third of the youth polled in a survey cite UAE's growing economy and opportunities it offers as attractions.
Ninety-nine percent of Emiratis say their country’s economy was heading in the right direction.
