The pacts were signed at the PIF’s Private Sector Forum.
The parliament ratified by a huge majority of 92 votes out of 133 an amendment to an article that prohibited...
The economies of the region are recovering fast on the back of the rising oil prices and speedy vaccination programs,...The economies of the region are recovering fast on the back of the rising oil prices and a reasonably speedy vaccination program
In 2022, tourism should also significantly boost growth, resulting in recovery in the non-oil sector as domestic consumption and investment demand improves
Dubai’s economy would grow by a further 3.4 percent in 2022, ‘spurred by the hosting of Expo 2020’.Dubai’s economy had seen a growth of 1 percent during Q1 2021, compared to Q4 2020
This signaled that the emirate’s economy was on the path to recovery, said Dubai’s Department of Economic Development
The forecast for China remained unchanged at 8.5 percent. The growth prospects of Argentina, Brazil, Mexico, South Africa, South Korea...The recovery remains very uneven, with strikingly different outcomes across countries, OECD said.
Global gross domestic product has surpassed its pre-pandemic level following last year's Covid-induced recession.
Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries...Over 100 entities use organic farming techniques in the UAE, including advanced farms that utilize modern agricultural technologies.
The Abu Dhabi Investment Office is investing at least US$100m in agritech startups as part of their food security strategy.
The battle in Washington to raise the US debt limit was also fuelling concern that the government could miss payments...Dubai led declines among stock markets in the Gulf on Monday, as its main share index fell 1.2 percent.
Hong Kong's Hang Seng Index, which plunged more than three percent Monday, edged up 0.2 percent.
The polls were initially scheduled for 2022, but moved forward to June this year, then postponed to October.Respondents have said only the candidates’ faces are newer while the political ideals are unchanged
Issues like constant power cuts and non-upgradation of infrastructure are also weighing on voters’ minds
- For the second month in a row, Saudi Arabia’s holding of US Treasury securities rose in July, touching $128.1 billion.
The Kingdom is the 16th largest holder of US debt
This increase in June and July is in line with global trends, as countries around the world increased their holdings by 5.7 percent
Lebanon is undergoing one of the worst economic crises in the world, with economists predicting that hyperinflation is imminent in...Basic and life-saving medicines are in short supply, with restrictions in foreign currency severely limiting import
This has been caused by the Lebanese pound losing 90 percent of its purchasing power since end-2019, and subsequent government policies
Social media platforms are filled with posts by Lebanese appealing for contacts abroad to send basic goods.Lebanon’s currency has plunged to an all-time low, which has sparked inflation
It has also eroded the purchasing power of a population denied free access to their own savings by stringent banking controls
The emirates achieves hotel occupancy rate of 62 percent, ahead of the US, UK and TurkeyHotel revenues grew by 31 percent to reach AED11.3 billion.
Domestic tourism accounted for 30 percent of the total number of guests at hotels.
