Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...
Republicans in the House of Representatives scheduled the vote after the Democratic-led Senate released a bipartisan bill Sunday pairing billions of dollars for...
Dubai ruler and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, has given approval for...Land plots allocated to Emirati housing projects in Dubai increased to 1.7 billion square fee
Sheikh Mohammed issued directives to quadruple the number of Emiratis benefiting from the housing program from next year
Helped by the UN, Lebanon will get fuel to keep its healthcare and water-supply facilities for the next three months.The plan It is expected to provide fuel to all public hospitals, primary healthcare centers, and dispensaries servicing the most vulnerable communities
It is also expected to provide fuel to four water establishments to secure continuous water supply to about 2.3 million people across the country
Electricite du Liban, or EDL, is now capable of generating less than 500 megawatts from the fuel it secured through...Lebanon has seen worsening shortages of fuel over the past few months
Power cuts across the country can currently last up to 23 hours a day
Goldman Sachs, the US investment bank, has estimated that the restructuring of Lebanon’s financial system would leave the crisis-prone banks...The investment bank presented a set of macro projections based on the successful implementation of reforms under the auspices of the IMF
The report believed that the bulk of these losses may fall on the shoulders of the depositors
Both countries signed an MoU to strengthen cooperation in areas of digital economy, innovation, and entrepreneurship.Minister of Economy Abdullah bin Touq Al Marri and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi
They met US Secretary of Commerce Gina M Raimondo, in the presence of officials from both countries
Member companies of Dubai International Chamber will work towards achieving the target of boosting Dubai’s foreign trade to $544bln within...Member companies of Dubai International Chamber will work towards achieving the target of boosting Dubai’s foreign trade to $544bln within the next five years
Dubai International Chamber was established to strengthen partnerships with global corporations, investors and entrepreneurs
The Turkish currency was down around 1.1 percent against the US dollar by 1330 GMT, after the bank announced it...The move comes despite high inflation, which reached 19.25 percent in August
The Bloomberg consensus had been for the rate to be kept stable although one economist predicted a cut of 0.5%
It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab...It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Arab Gulf states using clean and renewable energy
The Dubai government owned DP World has granted permit to Virgin Hyperloop to develop the technology in the emirate
The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced...To leave lower reserve requirements for banks unchanged
The liquidity in the banking system and banks’ capital buffers remained adequate
The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.Sheikh Abdullah bin Zayed Al Nahyan, the Minister of Foreign Affairs and International Cooperation attended the discussions for the UAE
He spoke on the phone with Wang Yi, State Councilor and Foreign Minister of China
