Saudi Arabia set to open its first financial center
Riyadh, Saudi Arabia - Saudi Arabia is poised to launch its inaugural financial center, with unified and standardized policies and...Economy
Nationalization efforts transform Saudi workforce
Saudi Arabia's ambitious nationalization initiative has significantly impacted its labor market, with the Kingdom experiencing a historic low unemployment rate...Economy
UAE ranks high on global govt development indices
The first globally on the Absence of Bureaucracy Index The second globally on the Adaptability of Government Policy Index The...Draft budget for 2022-2026 reviewed
The meeting explored the projections of federal cash flows for 2022 The fiscal policies governing financing of capital projects also...Innovation hub to make Dubai economy future-ready
The hub is an integral part of the roadmap for an innovation-driven growth in Dubai The facility, a part of...Fresh call for proactive bid to revive aviation industry at Dubai Airport Show
New technologies recommended to reassure passengers of lasting safety There is talk of issuing a Vaccine Passport to boost global...S&P forecast: GCC funding needs will fall to 5 percent of GDP in 2021
60 percent of the deficit relates to the region's largest economy, Saudi Arabia S&P predicts central government deficits will reach...Digital transformation boosts data economy growth in UAE: Report
Data economy on track to become one of the largest economic sectors globally The report suggests stepping up collaboration among...No jurisdiction to decide Suez Canal claims: Egyptian court
The court refers the dispute between the Suez Canal Authority and Ever Given to a lower court The ship company...IMF moots coverage of climate change in assessment reports
Action on climate change forms a part of the IMF’s 2021 Comprehensive Surveillance Review A few Directors underline need to...Double Taxation Agreement between UAE, Jamaica
The agreement will foster cooperation between the tax authorities in the UAE and Jamaica Objectives of the bilateral tax agreement...Tunisia: Central Bank governor pleads with parliament to approve $4 billion IMF loan
Tunisia is struggling to pay off its debts and balance its budget The country is in discussions with the IMF...