"As with the Covid-19 pandemic, it is once again the most vulnerable that are paying the price of world events. Combined crises are expected to throw an additional 75 to 95 million people into extreme poverty this year alone," Olivier De Schutter, the UN special rapporteur on extreme poverty and...

The UAE will be relaxing COVID-19 restrictions nationwide which will come into effect starting September 28. Dr. Saif Al Dhaheri, Official Spokesperson of the National Emergency Crisis and Disasters Management Authority (NCEMA) made the announcement during the UAE Government media briefing on the COVID-19 pandemic. COVID-19 daily cases announcement will...

Widespread availability of cashless payment methods and universal access to affordable internet services are major facilitators of digital transformation in the region.

Toxicity and false claims are a "significant threat" at TikTok, which is becoming a go-to online venue for young people to search for information, according to a study by NewsGuard, a media watchdog. NewsGuard describes itself as a "journalism and technology tool" that rates the credibility of websites and online...

Newly reported cases of the disease, which has killed millions since being identified in late 2019, last week fell to the lowest level since March 2020, said WHO chief Tedros Adhanom Ghebreyesus. "If we don't take this opportunity now, we run the risk of more variants, more deaths, more disruption,...

The United Nations had set a goal to eradicate all forms of modern slavery by 2030, but instead the number of people caught up in forced labor or forced marriage ballooned by 10 million between 2016 and 2021, according to a new report. The study, by the UN's agencies for...

An American recession "is a risk when the Fed is tightening monetary policy to address inflation," President Joe Biden's leader on financial, economic and tax policy told CNN, referring to the US Federal Reserve. "So it's certainly a risk that we're monitoring," Yellen added, but "we've got a good strong...

Struggling to tame surging inflation in the eurozone that has seen steep increases in the price of energy in the wake of the Russian invasion of Ukraine, European Central Bank policymakers are expected to make a historically large interest rate hike at their meeting on Thursday.

Depicting a gloomy picture of the state of human progress, a United Nations report argues that an unprecedented array of crises, chiefly among them Covid-19, has fueled a global wave of uncertainty. The UN development Program said the Human Development Index has declined for two years straight.

Demand for air tickets to destinations outside the UAE also surged in June and July, even as the travel costs grew sharply due to the rising oil prices and global inflation.

Oil-exporting countries in the Arab World will benefit throughout 2022 from the increased oil production quantities within the "OPEC+" agreement and relatively higher oil and gas prices in international markets, according to the Arab Economic Outlook report by the Arab Monetary Fund.

Remote work seems to be here to stay, and digital transformation will continue to facilitate it. For companies that haven’t embraced it, now is the time to invest in the digital transformation strategies that enable remote work, and in the technologies that spur digital transformation, Kazak points out.

Organisations can either view recent global disruptions such as Covid-19 pandemic as a death sentence or as a chance to embrace a new and more productive era of working. Dean suggests a few measures that may help businesses weather the current storm and equip them for future success.

BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also disrupting supply and weighing on the industry.

Brent oil futures closed Tuesday under $100 a barrel for the first time in three months as recession worries cloud the near-term outlook for crude demand. The contract for the international oil benchmark for September delivery tumbled 7.1 percent to $99.49 a barrel as the market focused on worries about...

Airlines cancelled several hundred US flights Saturday at the start of a long and almost certainly messy holiday travel weekend as carriers struggled to staff their planes.

Covid vaccines prevented nearly 20 million deaths in the first year after they were introduced, according to the first large modeling study on the topic released Friday. The study, published in The Lancet Infectious Diseases, is based on data from 185 countries and territories collected from December 8, 2020, to...

Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the poor.

The international community must adopt an approach that could translate words and goodwill into practical steps that could achieve equality in economic recovery among countries and salvage the sustainable development goals in a way that could support the poor peoples and those suffering from turmoil and wars, he adds.

British economic output declined for the second month in a row in April, weighed down by rocketing prices that are causing a cost-of-living crisis for millions of Britons.

Morocco has refused entry to passengers on a German cruise liner after some tested positive for Covid-19, Moroccan media reported Wednesday. The Mein Schiff Herz, owned by German tourism giant TUI and capable of carrying 1,900 passengers plus crew, had been meant to dock in Tangiers on the Gibraltar Straits...

The CBUAE projected the real GDP growth to reach 5.4 percent in 2022, after the growth jumped to 3.8 percent in 2021.

The volatility in oil prices will affect the markets. If there is a higher-than-expected decline, the markets may feel the heat, Junaid Ansari of Kamco Invest tells TRENDS.

Ex-director of the Louvre in Paris, Jean-Luc Martinez, was charged over the purchase of a pink granite stele depicting the pharaoh Tutankhamun and four other works for $8.5m.

Beside halal food business, Islamic banking holds the largest share of the Sharia-compliant industry, says Nik Joharris Nik Ahmad, country head of Maybank Islamic Dubai-DIFC.

The London-based think tank InfluenceMap analyzed advertisements and declarations by the companies in the weeks before and after Russia's invasion of Ukraine on February 24.

Tedros Adhanom Ghebreyesus, the first African to head the WHO, was re-elected on Tuesday, tearfully accepting a second term as he recalled his humble upbringing as "a child of war" and pleading for peace.

Djerba is home to one of the last Jewish communities in the Arab world, and the synagogue is believed to date to the sixth century BC.

President Joe Biden on Friday promised a long-term commitment to Southeast Asia in the face of China's growing clout as he met regional leaders for the first summit in Washington. Biden laid out $150 million in new initiatives and announced plans for the first full US ambassador to the Association...

The profits were up 756% compared to $9.26 million in 2021.

America recorded its first coronavirus death, on the West Coast, in early February 2020. By the next month, the virus was ravaging New York and the White House was predicting up to 240,000 deaths nationwide. But those projections were way off.

With surging prices undermining wage gains and hurting American families, US President Joe Biden said Tuesday that fighting inflation is his top priority, but he may have limited tools to tackle the issue. Biden, whose popularity has taken a hit amid the highest inflation in four decades, spoke on the...

Earlier this year, the UAE rose to the top of Bloomberg’s Covid Resilience Ranking, outperforming European countries in terms of containing the spread of the pandemic

The WHO declared Covid an international public health emergency on January 30, 2020, after cases of the new coronavirus spread beyond China.

The drugmaker reported another round of strong earnings.

Cybercrime has risen to the forefront of physical security concerns. And big firms are acutely aware of the problem, says Ephrem Tesfai from Genetec tells TRENDS.

However, it warned of a $4-8bn hit from Covid and supply chain woes.

“At the very least,’ Tunisia needs to go ahead with parliamentary elections promised by the end of the year, a top US diplomat has said.

Higher-than-expected credit losses and inflation are to blame.

From pre-owned cars to electric vehicles, a number of trends are driving the growth of the automobile sector in countries like the UAE and Saudi Arabia.

Emmanuel Macron, who had never held elected office before becoming president in 2017, has weathered several crises throughout his presidential tenure.

Tesla shares rose 5% to $1,026.99 in after-hours trading.

The world's second-biggest economy was already losing steam in the latter half of last year with a property slump and regulatory crackdowns.

It has said a shot for multiple variants is coming by 2022-end.

While iftar tents are reinstated this year for government and licensed entities, authorities have advised that the group iftars and suhoor gatherings should be limited to family members in the same household.

The shopping behavior has changed a lot in the region in past two years as consumers are looking for promotions and offers especially in food, perishables, groceries and home appliances. Studies suggest that consumers are spending more on cross-border goods, particularly consumer packaged products, during Ramadan this year.

Despite the uncertainty, many PE firms are adapting and keen to point to their funders’ patience and understanding in what has been a difficult period for the business world. There will be opportunities to acquire some assets cheaply as some corporates have failed in the post-pandemic market, he adds.

The UN chief said countries need to fulfil and accelerate dose-sharing and donation commitments in order to reach the billions who have so far not received vaccine shots.

Many richer nations are now approaching oversupply. European Union and G7 countries had a surplus of 497 million doses at the end of last month.

Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and slow new projects, while those still operating are struggling with a shortage of truck drivers on top of onerous permit and Covid testing requirements.