The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone.

France's central bank said Tuesday it will push ahead with the second phase of its experiment with a digital euro with the aim of rolling out the cryptocurrency next year. Last year, the Banque de France successfully completed the first stage of its experiment with a central bank digital currency. "We'd...

Iraqi Kurd Haresh Talib says he struggles to get paid and his children's schooling is disrupted in his conflict-riddled country, so he wants to try to flee with his family to Europe again.

Dubai will host the first edition of the World Corporate Summit which will discuss sports and multi-sectoral business growth as core pillars. WCS will be held from November 21 to December 16 and will be attended by decision-makers from multinational corporations, UAE-based firms and government institutions.

Twitter shares plunged Monday as Elon Musk issued a mocking, defiant commentary about a looming court battle after he ditched a $44 billion buyout of the social media giant.

Award-winning dissident Iranian film-maker Jafar Panahi was arrested Monday, the third director to be detained in less than a week, the Mehr news agency said.

Minister of Economy and Chairman of the UAE International Investors Council Abdullah bin Touq Al Marri said, in a meeting, the council has set up a platform to protect and support the interests of Emirati companies and investments abroad. The meeting also discussed the advantages of CEPA signed with India,...

The Central Bank of Iraq said Sunday that there is no reason for changing the exchange rate of the Iraqi dinar against the US dollar. The economic conditions will determine the appropriate decision that fits the time period

The Abu Dhabi Chamber of Commerce and Industry has organized an awareness session on increasing Emiratization rates in the private sector. It has been organized in cooperation with the Ministry of Human Resources and Emiratization, the Abu Dhabi Department of Economic Development and the Emirati Talent Competitiveness Council.

Kuwait's Foreign Ministry has called on nationals who are currently in Sri Lanka to keep away from protest areas, heed instructions of local authorities and leave the country as soon as possible. In a press statement on Saturday, the ministry also advised nationals who are planning to travel to Sri...

A United Arab Emirates court has commuted the death sentence of an Israeli woman convicted of drug possession to life in prison. She was sentenced to death in April for possession of 50 grams of cocaine and half a kilogram of marijuana.

King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery the COVID-19 pandemic. The vision plans for the coming years by capitalizing on opportunities in the Kingdom, especially amid the impact of the Ukrainian crisis.

UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign Ministers’ meeting held in Bali, Indonesia, on July 7-8. Such meetings help in promoting international cooperation to achieve sustainable development goals.

Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s 'Give & Gain 2022' initiative. Volunteers dedicated 17,460 hours across projects benefitting over 147,000 individuals and the event is part of the Chamber’s ENGAGE Dubai corporate volunteering program.

The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign rally.

A strike by British Airways staff at London Heathrow Airport this summer has been called off after an improved pay offer, trade unions said Thursday. Members of the GMB and Unite unions had recently backed action as surging inflation erodes the purchase power of wages, sparking walkouts across multiple sectors....

Sharjah Economic Development Department (SEDD) said it is ready for Eid al-Adha to ensure the safety of markets through the intensified campaigns. This falls within SEDD’s concerns to protect consumers and ensure the safety of markets. SEDD explained that joint inspection campaigns are organized with Sharjah City Municipality and Sharjah...

The US trade deficit with China declined again, falling $2.8 billion to $32.2 billion in May, on another big drop in imports from the world's second largest economy.

The Sharjah Real Estate Registration Department has announced that 17 institutions have won the Real Estate Excellence Award. The awards are part of SRERD's aim to consolidate Sharjah's position as one of the most attractive global destinations for investors.

Common Reporting Standards is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial regulatory organizations across the world through secure channels.

Belgium's parliament on Wednesday approved a controversial prisoner-swap treaty with Iran in the first reading of a text that still has to be submitted to a full vote to be ratified.

Emerge and Miral signed an agreement to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park on Yas Island. Emerge is a joint venture between UAE’s Masdar and France’s EDF, while Miral is Abu Dhabi’s leading creator of immersive destinations and experiences The project will have a...

European stock markets rebounded on Wednesday, recovering some ground following sharp losses the previous session on fears of a global recession. Oil prices recovered slightly, but WTI remained under $100 per barrel. The euro hit a fresh 20-year low point under $1.02 -- the European single currency fast closing in...

Sri Lanka is facing its worst economic downturn since it gained independence from Britain in 1948.

Twitter is challenging the Indian government's orders to block content on its social media site in court, local media reported Wednesday citing legal documents. The suit is the latest showdown between Twitter and Indian authorities, which have been accused of muzzling criticism both on and offline. In the case filed...

Israel's health ministry approved Pfizer and Moderna Covid-19 vaccinations for its youngest children, an official said Tuesday, mirroring a move by the US to allow mRNA shots for those over six months old.

Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked down as part of officials' zero-Covid policy.

Iran and its influence in the Middle East took center stage on Tuesday in talks between Israeli Prime Minister Yair Lapid with French President Emmanuel Macron during Lapid's first trip abroad in office.

Tunisia's President Kais Saied on Tuesday defended a proposed constitution set for referendum this month, after the drafting committee's chief disavowed a document he said could return the country to dictatorship.

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri held a meeting with the heads of fishermen's associations and a group of fishermen to discuss the challenges and opportunities related to the fisheries sector

Chairman of Dubai Chambers met with heads and members of business groups to discuss new ways the Chamber can enhance its role in the emirate’s economy and strengthen public-private sector partnership.

Jordan's industrial goods have a great opportunity to gain a foothold in the Algerian market, president of the Jordan and Amman Chambers of Industry, Fathi Al-Jaghbir said

The decision was taken "to make room for political and revolutionary forces and other national factions" to form a civilian government

The trial of 36 migrants accused of "illegally entering" Morocco started Monday but was immediately halted, lawyers said, days after a mass attempt to cross into a Spanish enclave.

Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last week on fears that rising interest rates could spark recession. London stocks won 1.1 percent at midday, while Frankfurt and Paris gained 0.5 percent and 1.0 percent respectively in afternoon...

In April, Tehran's Air Quality Control Society said dust clouds originated from "countries to the west of Iran".

An IMF team said in March that the country faced "major structural challenges", with low growth and investment, along with high unemployment and gaping inequality.

The comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia this year will help the Gulf country's national economy grow by 2.6 percent by 2030.

Libyans angered by rising prices, chronic power cuts and political deadlock planned further demonstrations Monday after a night of angry protests across the capital. Masked youths set alight car tires and blocked roads including a major coastal highway between central Tripoli and its western suburbs, but security forces did not...

Turkish Airlines has announced that flights to Saudi Arabia have resumed to pre-pandemic conditions and Saudi citizens will now be able to travel to or transit through Türkiye. The airlines said that from June 20, 2022 the restrictions set by Türkiye due to COVID-19 has been lifted.

The UNDP confirmed the implementation of 3,800 projects in five liberated Iraqi governorates and said that it is helping five million internally displaced persons return to their areas.

The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first quarter of 2022. In 2021, the Management carried out 150,541 inspections and 248 seizures. "We upgraded and developed our inspection systems in our customs centers to achieve the best results...

The Tunisian jurist who oversaw the drafting of a new constitution submitted to President Kais Saied said Sunday it has been changed into a charter that could lead to a dictatorship

Jordan's Gross Domestic Product (GDP) at constant market prices grew by 2.5 percent in quarter one of 2022, compared to the figure in the same period of 2021. In a quarterly statistical report released Sunday, the Department of Statistics (DoS) said economic sectors rose in quarter one of the current...

Iraq received in excess of $11 billion as revenue for crude oil export in June, the Ministry of Oil said. Oil ministry was quoted as saying by the local media that "the total amount of crude oil exports for the month of June, according to the preliminary statistics issued by...

Foreign ministers of Arab nations discussed in Beirut a range of regional crises, with emphasis on food security and the impact of Ukraine war on their countries.

Speaking at the NATO summit in Madrid, Johnson said the "very, very tight labor market" and difficult "balance of our energy mix" add to inflationary pressures.

Jordan Chamber of Commerce Vice President discusses with a World Bank team the Kingdom's investment regulation law and the incentives to attract new capital to the country.

Jordan imported 11.8 million barrels of crude oil through the port of Aqaba, while a total of about 1.19 million barrels of Iraqi oil were imported since supply was launched at the beginning of September 2021 until end of 2021

During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent, from US$885,000 in 1997 to $121.4 million in 2021.