ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
- Doha, Qatar--The Qatar Chamber (QC) and the International Labor Organization (ILO) discussed bilateral cooperation relations in the fields of labor,...
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
Amidst forecast of economic recovery of Saudi Arabia, a few sectors that have driven the Kingdom's Q2 growth include real...The overall Saudi Arabia's GDP in Q2 of 2021, according to the General Authority for Statistics, has been 1.8 percent
The robust growth was witnessed in real estate (12 percent), non-oil manufacturing (15 percent), and wholesale, retail trade restaurants, and hotels (16.9 percent)
DUBAI: Innovative initiatives and partnerships along with a series of regulatory reforms have placed the financial markets industry in Dubai...Dubai Competitiveness Office cited DIFC's example, which was ranked amongst the top 15 global financial centers consistently.
Financial market ecosystem in the emirate is well-positioned to enable capital flows.
