Accord reached ‘in principle’ over tackling future pandemics: negotiating body
WHO members on Saturday reached agreement over how to tackle future pandemics after three years of discussions, the co-chair of the negotiating body told AFP.
Omicron lasts three days less than Delta for boosted: Study
People who are vaccinated and have had a booster shot against Covid-19 recover from symptoms from the Omicron variant more than three days earlier than those with the Delta variant, a study said Friday. The swifter recovery suggests "that the period of infectiousness might be shorter, which would in turn...‘Hybrid immunity’ is best Covid protection
Two new studies have highlighted the importance of getting jabbed for those who have natural immunity after recovering from the disease.Israeli PM tests positive for Covid after Blinken talks
Israeli PM who also visited the northern Israeli city of Hadera on Sunday after gunmen shot dead two police officers.Saudi Arabia eases rules for US, UK, and Schengen visa holders
The move comes two weeks after the country lifted all Covid-19-related entry restrictions.Pandemic aided digital adoption by UAE businesses: PayPal survey
Survey analyses the impact of COVID-19 on small businesses, the key verticals of growth and the growing acceptance of digital payments.Debt-ridden Evergrande urges investor ‘caution’ as audit result delayed
Evergrande has urged its investors to exercise caution as debt-ridden Chinese giant faces financial challenges.Aramco profits doubled in 2021
The rise was due to crude prices, as the global economy recovered.P&O Ferries suspends passenger and freight ships, denies bankruptcy
DP World-owned P&O Ferries on Thursday suspended its passenger and freight ships but denied the group was heading into bankruptcy. P&O Ferries operates four routes serving Britain, France, Ireland and the Netherlands. “P&O Ferries is not going into liquidation,” the company said in a statement. “We have asked all ships...OPEC projects UAE economy to grow rapidly in 2022
OPEC Monthly Oil Market Report has predicted the UAE's economic growth to quicken in 2022.Three trends that will shape payroll this year
It seems unlikely that the volatility we have experienced since the start of the pandemic will disappear. Therefore, payroll teams will need to be adaptable and efficient to stay ahead of evolving regulations and legislation, as well as the demands of their workforces, she adds.Why is WHO peeved over Mar 11 Covid anniversary?
The organization says the real alarm came six years earlier March 11, 2020 but "few people bothered to sit up and take notice".Saudi Arabia lifts most Covid-19 restrictions
The decision includes suspending ‘social distancing measures in all open and closed places’ including mosques.Region needs tourism to beat inflation
Despite the global closures and economic crisis, the tourism sector in the Gulf region fared well in 2021 due to several factors such as the easing of restrictions and government support.PCR testing is a business success in the region
A large number of kits of the PCR test has been manufactured and used across the world in general and the GCC in particular.How GCC nations can tame rising inflation?
Investing in inflation-protected bonds and gold may provide some hedge against consumer price rise. Putting money into the real estate sector is also a safe bet, believe some regional experts.Why and how high is inflation in the region?
The main reason for high inflation rates in the GCC is a rebound in prices in the sectors that were hit the hardest during the Covid-19 crisis. The global energy prices are also exerting significant pressure on the region.UAE eases Covid-19 protocols for citizens and travelers
The UAE’s National Emergency Crisis and Disasters Management Authority relaxed the rules in coordination with its main partners.Qatar rolls out new Covid policy for travelers
The Ministry stated that Qatar's Travel and Return Policy has been a key measure in the nation's COVID-19 strategy.Ras Al Khaimah provided $1.9m package to local businesses during pandemic
The Ras Al Khaimah Department of Economic Development (RAK-DED) offered AED 7 million ($1.9 million) in economic stimulus package to business sectors in the Emirates. Local media reports said the package was provided to support the local economy and ensure business continuity during the COVID-19 pandemic. RAK-DED said the package...Covid tears through Iraq as vaccinations lag
In the stores and buses of Iraq masks are rare even as Covid-19 spreads widely, vaccines are viewed with suspicion and the sick see hospitals as a last resort.IMF, World Bank warn of global impacts as Russia invades Ukraine
The World Bank and IMF warned on Thursday that Russia's invasion of Ukraine would have repercussions for the global economic recovery.Petrobras 2021 profit hits $20bn
Debt dropped to $47.62 billion in 2021 from $63.17 billion in 2020.UAE sends 47 tons of emergency relief to Mozambique
The aid is expected to improve the humanitarian situation of hurricanes, drought, and terrorist attacks faced by some countries in Africa.Aramco head calls for sustained investment in oil sector
Saudi Aramco President and CEO Amin H Nasser urged companies and governments to continue investing in the oil sector to meet future demands.Global trade hit record $28.5trn in 2021: UNCTAD
The UNCTAD’s Global Trade Update said all major trading economies saw imports and exports rise above pre-pandemic levels in the fourth quarter of 2021.Air Arabia profits up 476%
Its profit stood at AED720 million ($196.05 million) in 2021.Engie posts €4.2bn profit
It pointed to energy prices and good asset performance for the rise.Gulf insurance set to cross $31bn mark by 2026
The market is expected to grow at an annualized growth rate of 3.2 percent, from $26.5 billion in 2021 to $31.1 billion in 2026. Along with the lifting of Covid-19 restrictions, digitization activities by insurers in the region will boost the expansion plan of the insurance business.New guidelines for Umrah pilgrims announced by Saudi ministry
The Ministry of Hajj and Umrah announced an update in the procedures for entering Saudi Arabia for Umrah, which is one of the key non-oil sources of income for the kingdom. This is done to ensure the health and safety of the Umrah Performers and visitors, the ministry said. Based...MENA Transport Congress Exhibition kicks off in Dubai
The fourth edition of the MENA Transport Congress & Exhibition began on Monday in Dubai.Coups, Covid-19 repercussions cloud African Union summit
The two-day summit should discuss how to be more proactive in addressing factors that give rise to coups, including terrorism-related instability and frustration over constitutional revisions that extend leaders' time in power, said Solomon Dersso, founder of the AU-focused Amani Africa think tank.Oil prices help GCC economies script revival story
GCC countries appear to be reaping the benefits of their efforts this year, with all indications pointing to the economies making significant progress.Europe clubs lost €7bn due to Covid-19 pandemic: UEFA
The latest UEFA study includes the consolidated results of these same 711 clubs for the year 2020, as well as the anticipated financial statements of 95 major teams for the year 2021, particularly marked by games played behind closed doors.Technology changes worker-firm relationship
Technology is allowing firms to shift an increasing share of work outside of their traditional boundaries, reducing costs and improving flexibility. Can remote and gig work be mutually advantageous? The answer is complex, writes Juerg Kronenberg - Partner at Bain & Company Middle East.IMF and World Bank delay annual meet again
The annual meetings set to take place in Morocco will be held in Washington.Boeing sells 34 cargo planes to Qatar Airways
This deal with Qatar Airways should boost Boeing and its latest widebody plane the 777X.Top oil producers to discuss high crude prices
Analysts expect that this meeting will decide to boost output by 400,000 barrels per day in March, in line with their strategy to slowly re-open the taps since May last year.Fun sector: Leisure puts UAE economy at ease
Estimations by the Middle East and North Africa Attraction and Leisure Council (MENALAC) put the number of leisure centers in the UAE alone at around 400, employing more than 15,000 people. The industry, which was hit by the COVID-19 pandemic, is reviving as the Gulf country opens amidst high vaccination...Toyota is top-selling automaker
The company overcomes chip shortage, supply chain woes.New initiatives help Saudi Arabia shine on tourism map
Notable achievements of the kingdom include establishment of Global Center for Tourism Sustainability and its selection to host World Travel and Tourism Council's world summit.Investcorp inks $4bn deals in US
It acquired properties worth $2.5 billion, and made sales of $1.5 billion.Omicron led Covid-19 to endemic stage in Europe: WHO
Omicron leads to less severe infection among vaccinated people, has raised long-awaited hopes to bring an end to Covid-19 pandemic.Fixes and flaws of new UAE labor laws
The United Arab Emirates has set itself on a new course to completely overhaul the labor laws in order to bring about a balance between the rights of an employer and workers.Online learning booms in GCC during pandemic
"While online learning is a supplement to a broader educational experience, course enrollment statistics strongly imply that it is a vital aspect of professional growth for many, particularly busy professionals," Anthony Tattersall, VP of EMEA at Coursera, tells TRENDS.Remote working becoming a norm in MENA: Zoom
The year 2022 would “offer a more comprehensive acceptance of remote working policies, as more companies are allowing employees anywhere,” Sam Tayan, head of MENA at Zoom, told TRENDS in an interview. Zoom is eyeing a big piece of the video-communication pie in these countries.China saw pandemic-defying GDP growth slow last year
Growth in the fourth quarter was the slowest in more than a year, at 4 percent, down from 4.9 percent from July to September.Passport strength: Where do Arab countries stand?
The Henley Passport Index ranks 199 passports, based on how many countries and territories their holders can travel to without needing a visa.GCC markets remain mixed amidst Omicron woes
Despite an increase in Omicron cases across the world, investors remain confident in the Saudi stock market. The UAE markets, meanwhile, stay cautious.Google buys $1bn London office
It is buying the Central St Giles office site, where it is a tenant.WHO approves two new Covid-19 treatments
The WHO's Covid-19 treatment recommendations are updated regularly based on new data from clinical trials.